Phone plugged in to back up battery.

Overdraft loan.

The backup you need when you need it.

13 .99 % p.a. Annual variable rate.
Phone plugged in to back up battery.

Easy access to funds.

Additional funds for emergencies.

Only pay interest on money used.

Apply online.

A Defence Bank overdraft facility offers additional funds at short notice for unexpected emergencies. It can also help if you're managing multiple direct debits to ensure everything is covered until your next payday.

Linked to your Everyday Access account, you can simply draw money as you need it, up to an agreed limit, only paying interest on the money you use – perfect for covering short-term financial demands.

Access your overdraft using your Visa Debit card, Online Banking, mobile app or digital wallet.

Overdraft. Annual variable rate.†
Overdraft. 13.99% p.a.
Loan variation fee. $50
Overlimit fee. $10
- Each time your account exceeds its credit limit by more than $50.00 without authorisation.  
- Daily for subsequent debit transaction/s where your credit limit is already exceeded by more than $50.00.  
Arrears reminder notice fee (per letter). $20
Default notice (enforcement notice). $20



Comparison rate is based on a $30,000 loan over a 5 year term. Fees and charges are payable. Terms and conditions are available on request. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate applies to both secured and unsecured loans.

Fees and charges are payable. Terms and conditions available on request.

Terms and conditions, fees and charges apply and are available upon request.

Approval subject to Defence Bank's lending criteria.

Rates apply to new applications received however are subject to change at anytime.

Defence Bank’s Target Market Determination can be viewed here.

All products except foreign currency and insurance are issued by Defence Bank. Defence Bank recommends you read the Defence Bank Products and Services - Conditions of Use for any product you choose to take. Any advice contained on this website is general advice only.

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Frequently asked questions.

View our current interest rates here.

An overdraft is more of a backup facility that kicks in when you’ve exhausted all of your own funds in the account. The interest on an overdraft starts being calculated the day any transactions are made taking you into overdraft. As soon as your account balance is back in credit, interest stops being charged.

With a credit card, you can spend up to your credit limit and have up to 55 days interest free to pay off your credit card. Interest will start to be charged at the end of the 55 days interest free period.

Great news! There are no fees for paying out your loan early.

Learn more about personal loans.