St.George Overdraft

Rates and Fees verified correct on October 25th, 2016

Have 24-hour access to emergency funds and only pay for what you use with the St.George Unsecured Personal Overdraft

If you’re looking for peace of mind when it comes to your fluctuations in your cash flow, then you may want to consider the Unsecured Personal Overdraft from St.George. This account gives you an unsecured line of credit up to $20,000 that’s attached to your St. George transaction account, with the interest rate only being applied to any money you actually use.

Product NameSt.George Unsecured Personal Overdraft
Interest Rate (p.a.)From 14.99% (variable)
Comparison Rate (p.a.)
Interest Rate TypeVariable
Min Loan Amount$500
Max. Loan Amount$20,000
Application Fee$0
Monthly Service Fee$5
Loan SecurityUnsecured


  • There is $0 application fee required
  • No Minimum repayment amount
  • Easily access your funds thru Internet banking


  • Monthly payment of $5 for the service fee

Things to consider about the St.George Unsecured Personal Overdraft

This is an unsecured credit facility offered by St.George Bank, so you won’t need to attach an asset in order to take advantage of it. Although, as the facility needs to be attached to an account, you will need to have a St.George transaction account. If you don’t have a Complete Freedom or Express Freedom account, you can apply for one when you fill out an application for the overdraft.

The interest rate on this account is variable and the account has no set term, meaning greater flexibility when it comes to this form of credit. The minimum credit limit available is $500 with the maximum being $20,000, and you’re able to access your credit limit any time as it’s conveniently attached to your transaction account.

Features of the St.George Unsecured Personal Overdraft

This personal overdraft comes with a range of features:

  • Interest rate. When you use the funds in your overdraft facility, you’ll be charged at a variable rate of 14.99% p.a.
  • Repayments. Repayments on this facility are flexible. There are no set repayment terms and the outstanding amount is payable on demand.
  • Overdraft term. The overdraft has no set term, with the funds working similar to a line of credit. The account also has no expiry date and will stay active until you close it or close your transaction account.
  • Credit limits. You’re able to set up a facility that will allow you to overdraw amounts of between $500 and $20,000, with the amount you’re approved for depending on your financial situation.
  • Account access. You’ll have access to your funds 24 hours a day, seven days a week as your overdraft is linked directly to your transaction account.
  • Online banking. You can manage your overdraft account, as well as your transaction account, through St.George’s online banking facility.
  • Fees. There $0 fee to establish this overdraft, although you will be charged an ongoing monthly administration fee of $5.

How to apply

To apply, you don’t have to be an existing St.George customer, but if you don’t have a transaction account with them you’ll need to set one up when applying. New and existing customers will need to be over the age of 18 and permanent Australian residents to apply.

Required documents

  • Employer’s name and contact details
  • Details of your income, assets, savings and investments
  • Your credit and store cards and their limits
  • Details of your expenses
  • One personal reference including their name, address and phone number
  • Recent tax information if you’re self-employed
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This page was last modified on 13 August 2015 at 15:56.

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