Speak to a Broker Now — 0432 634 648· Mon–Sat 9am–7pm

Overdraft · Flexible Drawdown · Fast Approval

Business Overdraft
Facility - $25k to $1M

Name: Mortgagefy
Address: Sydney, NSW, AU
Telephone: +61432634648
Price range: Free

By the Mortgagefy Team · Credit Rep 532656 of ACL 348324 · Published 2026-10-15 · Last reviewed 2026-10-15

The simplest business cash flow tool - a limit attached to your trading account that you draw into when deposits don't quite cover withdrawals.

Start Your Free Assessment 0432 634 648

Free Business & Commercial Assessment

Takes under 3 minutes. We'll match you with the right lender for your situation.

Who this is for

Small-to-mid businesses whose cash flow is mostly fine but occasionally dips below zero for a few days a month.

Regular trading account activity (daily deposits and withdrawals)
Occasional short dips below zero (5-10 days per month)
Need to smooth payroll weeks when deposits are late
Don't want to go through a loan application every time
Prefer paying interest only on actual usage, not a committed limit
ABN 2+ years, GST registered, clean credit

The real challenge

An overdraft is the simplest working-capital tool: a limit on your trading account that you draw into when needed, repay from deposits. No fixed repayment schedule, interest calculated daily on actual drawn balance.

Good for smoothing short-term dips. Not good for sustained capital need - the pricing on an overdraft is typically higher than a term loan or line of credit, so if you're drawn to the limit most of the month, a different product fits better.

How Mortgagefy helps

Fast approval - $25k-$100k on credit-score alone (24-72 hours). Over $100k needs BAS + bank statements.
Right size - we review your 24-month bank statement history to size the limit against actual peak drawdown + 20% buffer.
Honest alternative check - if your usage pattern suits a line of credit or invoice finance better, we'll say so.
No broker fee.

Need to model repayments first? Try our Sydney home-loan calculators for an indicative figure.

How it works

Scoping call

15 min - overdraft limit needed, trading history, bank account history.

Lender match

2-3 overdraft providers matched to your profile.

Approval

24-72 hours for credit-score-only approval; 5-7 days where BAS required.

Settlement

Limit set up on your trading account; draw as needed.

Get a personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Frequently asked questions

What's the typical overdraft rate?

Depends on lender and loan size. Overdraft rates typically price above comparable term loan or line of credit rates - the trade-off for flexibility. For an indicative rate on your scenario, call us.

How is interest calculated?

Daily on actual drawn balance. Deposits reduce the balance (and the interest) immediately.

Can I switch my overdraft from one bank to another?

Yes - straightforward refinance where you have a trading history. We'll shortlist 2-3 alternative providers if your current pricing feels high.

Overdraft vs line of credit?

Overdraft: attached to your trading account, go negative, auto-repays from deposits. Line of credit: separate facility, draw and repay like a credit card. Both work for short-term cash flow; line of credit usually prices better for sustained usage.

How much can I get without providing financials?

$25k-$100k on credit-score alone for ABN 2+ years with no adverse credit. Over that typically needs 6-12 months BAS and bank statements.

Can I get an unsecured overdraft?

Yes - most small overdrafts are unsecured against directors' personal guarantees. Larger overdrafts (over $250k) may need property or business asset security.

Get your free business overdraft assessment

$25k-$1M overdraft facilities, 24-72 hour decisions. Flexible drawdown, interest only on actual usage.

Start Your Free Assessment Call 0432 634 648

Related guides

Business Loans Sydney

Unsecured, secured and multi-entity structures.

Low Doc Business Loan

BAS instead of two years of tax returns.

Short-Term Business Loan

3-12 month bridging when you need cash fast.

Working Capital Loan

Line of credit, invoice finance, overdraft.

Equipment Finance

Chattel mortgage for vehicles and plant.

Commercial Property Loans Sydney

Owner-occupied and investment commercial.

Information checked October 2026. This information is general in nature and does not take account of your personal objectives, financial situation or needs. Business, commercial and development finance eligibility, pricing and documentation varies by lender and changes frequently. Confirm current requirements with your chosen lender and seek professional advice before applying. Mortgagefy — Credit Representative 532656 of ACL 348324.

Business OverdraftFacility - $25k to $1M