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If you're looking for a day-to-day business finance facility to help manage your fluctuating cash flows then you might consider a Business Overdraft Facility as the solution. With a National Australia Bank Business Overdraft facility you will have access to funds, up to the agreed limit, readily available to assist your business when the need arises.
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What is it?
A National Australia Bank Business Overdraft Facility is a convenient business finance facility that is designed to meet your working capital needs. This facility can be drawn at any time up to the approved limit with a variable interest rate.
Benefits you can enjoy
- Flexibility - this facility is designed with the changing needs of your business in mind. It enables you to easily access funds up to your approved limit whenever it suits your needs.
- Convenience - working capital and transactional needs are met through one consolidated facility.
- Efficiency - manage your account efficiently with monthly statements to track cash flow in and out of your account.
- Accessibility - our facility can be accessed via cheque book and GIRO which is one of the largest networks in the country.
Features at a glance
- Provides a solution to your fluctuating cash flows with a flexible simple credit facility.
- Helps you to manage your day-to-day business expenses, with the ability to draw up to the approved facility limit when your business requires funds.
- No set regular repayments required. You can make payments into your facility as and when you like, and then redraw those amounts later when you need them up to your approved limit.
- Personalised cheque book.
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Important Facts
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Interest rate
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Available on application |
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Interest type
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Variable interest rate |
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How is debit interest calculated
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Debit interest calculated on the daily outstanding balance up to the day before the last business day of the month and charged in arrears on the last banking day of the month. |
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Review
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Facility subject to periodic review in line with approved review date. |
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Minimum facility limit
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$250,000 |
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Maximum facility limit
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Unlimited |
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Repayment option
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Facility is Interest Only with no set principal repayment required. Facility is fully fluctuating with funds made available up to your approved Overdraft Limit. Amounts drawn over the approved limit are payable immediately |
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Terms and conditions
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National Australia Bank's usual lending criteria applies. Terms and Conditions available on request. Fees and charges payable. Facility limit can be reduced or cancelled by you or us at any time |
where to from here?
If you have more questions or need further assistance, contact your National Australia Bank Business Partner or call (65) 6419 6875.
Important information - The information is current as at December 2008 and is subject to change The information does not purport to be a complete description of the product, is of a general nature only and should not be relied upon in making any decision. The product is only available to approved business customers. © National Australia Bank Limited ABN 12 004 044 937 (incorporated in Australia) UEN S81FC2979B.
National Australia Bank Limited, Singapore. UEN. S81FC2979B.
National Australia Bank Limited ABN 12 004 044 937 is incorporated in Australia.
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