At a glance

12.54 %P.A.
Unsecured Personal Overdraft
24/7 ACCESS 
Draw funds up to your approved overdraft limit anytime
Pay off your loan sooner with unlimited repayments

Why choose our Unsecured Personal Overdraft Account?

Be prepared for anything life throws at you with our personal overdraft facility, giving you access to short term funds when you need it. Whether you need to manage your cashflow, cover unexpected expenses, or you just want some peace of mind, a personal overdraft will help you navigate life’s up and downs.

Links to your account

Links to your Day2Day Plus Account or Reverse Charges Account® for easy management.



No minimum repayment

Pay any amount, so long as the balance stays within the credit limit.

Interest on used funds only

Only pay interest on the overdraft amount you use.



Avoid dishonour fees

Prevent the costs of dishonour fees or declined transactions by having access to funds when they fall due.



Personal Overdraft features

Unsecured Personal Overdraft
Minimum Amount $3,000
Maximum Amount $40,000
Application fee $150
Agreed Credit Advance Fee 0.25% of the overdraft limit charged quarterly on the last day of February, May, August and November
Security Nil
Extra repayments Yes, pay any amount as long as the balance remains under the overdraft limit
Internet banking Yes

Interest rate

Unsecured Personal Overdraft Account Rate

Only pay interest on the overdraft amount you use.


Interest rate % p.a.

Comparison rate % p.a. **


12.54 n/a 

Need something longer term? Check out our Clear Path Line of Credit Facility.


At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Applicable Fees Fee Term
Application fee
  • $150
Agreed Credit Advance Fee
  • Charged quarterly on the last day of February, May, August and November
  • 0.25% of approved overdraft limit
Account operating fees and charges
  • Can be linked to either a Day2Day Plus AccountTM or a Reverse Charges Account®, both of which have their own fees and charges.

A full list of fees can be found in our Fees and Charges Guide.

Ready to apply?

To apply for a BOQ Personal Loan, you must:
  • Be 18 years of age or older
  • Be applying for a loan of $3,000 or more
  • Have never been bankrupt
  • Be an Australian citizen or permanent resident
  • Have a regular income
What you'll need for your application
  • Proof of identity
  • Employment details
  • Financial details such as income, assets, expenses and liabilities.
Contact us below and we'll get back to you

Enquire online now

Important information

For important information on our Personal Overdraft Account, view our Terms and Conditions.

We can also help with:

Everyday banking with no monthly fees

Day2Day Plus Account®

The Day2Day Plus Account is the everyday bank account that frees you to live the way you want, each and every day.

  • Easily manage your daily transactions and bills through internet banking
  • Unlimited deposits, withdrawals, BOQ balance enquiries, funds transfer and BPAY transactions
  • Contactless payments and secure online purchases through Visa Debit