What is an overdraft?
An overdraft facility is an unsecured line of credit linked to your Unity Everyday account.* It allows you to access extra funds instantly, helping you avoid overdrawn or dishonour fees.
Don’t have a Unity Everyday account yet? No worries! Just open one first, and then you’ll be ready to apply for an overdraft.
*Terms and conditions apply. Income must be credited into your Everyday account to be eligible for an Overdraft.
Overdraft benefits
For car repairs, medical expenses or to help with the unexpected, an overdraft from Unity could be just the solution.
- Extra cash when you need it - your overdraft will have an agreed limit which you can borrow up to, if or when you need it
- Easy to reduce - unlike traditional overdrafts you can choose to have a reducing limit, meaning you can gradually decrease your limit through regular repayments (minimum repayment $30 per week)
- Manage your money – a fixed term gives you access to extra funds for a specific term. No minimum repayment is required and the facility is removed on expiry of the term
- Easy access – easily access your funds using your Debit Mastercard®
- Maximum overdraft $2,000
^Subject to approval. Authorised overdrafts have a floating interest rate of 19.90% p.a. T&Cs apply. On drawdown, a $75 application fee will apply.
Click here to view current rates and fees.