Business Base Overdraft Interest Rate

Newcastle Permanent offers a very competitive Business Overdraft, which is a line of credit attached to the Business Cheque Account. The Business Overdraft offers:

• Flexible borrowing to assist in the operation of your business with no fixed repayment structure
• Variable interest rate
• No ongoing administration charges (where overdraft is $20,000 or greater)
• Internet access
• Interest payable on credit balances

* The daily percentage rate is the relevant annual interest rate(s) divided by 365.