From 1 December 2021, our lending process will look a little different as we comply with new lending laws. This means the way we assess loans has changed, and we’ll take a few extra steps to make sure a loan is both suitable and affordable for you. You can download information on these changes here.
Overdraft benefits
For car repairs, medical expenses or when you're just a bit short for the week, an overdraft from Unity could be just the solution.
- If you're a member of Unity you can apply for an overdraft over the phone and have access to the money almost instantly^
- 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 – your funds are easily accessed with using EFTPOS and 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 approval fee and a monthly service fee of $5 will apply.
Click here to view current rates and fees.
What is an overdraft?
Designed to help you when you're caught short of funds, an overdraft facility is an unsecured line of credit linked to your everyday account. An overdraft allows you to access extra funds instantly and avoid overdrawn and dishonour fees. The benefits of an overdraft include: only paying interest on the amount overdrawn, 24/7 access via Debit Mastercard®, internet, phone or mobile, you don't have to set a repayment schedule and can choose to have it either reducing or fixed.
If you would like to apply for an overdraft, simply enquire below, or call 0800 229 943 to speak with our friendly team today.