Overdrafts

An Overdraft is an excellent way to access funds, while only paying interest on the amount you use. An approved credit limit is like having an ‘on hand’ loan, if and when you need it.

Features

No monthly account keeping fees
Unsecured amounts of between $500 and $30,000 subject to conditions, purpose and amount of overdraft approval
Secured amounts between $500 and 80% of property value subject to conditions, purpose and amount of overdraft approval
Access via MyState Financial Visa Debit Card, RediCard or RediCard PLUS, ATM, EFTPOS or cheque
Minimum repayments set at 3% of outstanding balance

Any advice on this website does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. MyState Financial recommends you read our Product Disclosure Documentation before acquiring the product. Loan applications are subject to MyState Financial’s normal credit approval criteria and may also require approval of a Lenders Mortgage Insurer. Terms and conditions, fees and charges apply. Fees and charges are subject to change.

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