Secured or unsecured Business Overdrafts

The clarity you need with same day decisioning and fast access to funds.


Benefits of a Dynamoney Overdraft

Providing support for your business cashflow, a business overdraft is a flexible financing solution that gives you the ability to redraw up to your approved limit at any time. Interest is charged only on the balance outstanding and you can make deposits when your business receives payments. Utilise all of the funds up to your approved limit or only part of your approved business overdraft.

  • Fast online applications

    Apply online in 10 minutes with minimal documentation required. Our team will reach out if we need any additional information.

  • Only pay for what you use

    Our business overdraft is interest only, putting extra cash back into your pocket. Only pay interest on the funds you use.

  • Available to all business owners

    You don’t have to be an existing customer to access our market leading business overdrafts. We’ve made them available to all Australian business owners.

  • Get a same day decision

    Apply for a business overdraft and you’ll receive a decision within a business day, giving you the clarity you need to manage cashflow & make decisions. 

At a glance

Rates & Fees

The product information you need to know. Check out fees and rates for our unsecured and secured overdrafts.

  • 14.35% Variable interest rate ?

    Interest is variable and calculated daily. Only pay for what you’ve used

  • 1.95% Service fee ?

    A one off annual service fee of the total amount of the loan charged monthly

  • $5,000 Minimum overdraft
  • $250K Maximum overdraft
  • 12.35% Variable interest rate ?

    Interest is variable and calculated daily. Only pay for what you’ve used

  • 1.95% Service fee ?

    A one off annual service fee of the total amount of the loan charged monthly

  • $5,000 Minimum overdraft
  • $500K Maximum overdraft
Link a Dynamoney Card to your Business Overdraft

Business spending at your fingertips

Our easy-to-use overdraft account with a credit card attached, offers you flexibility and simplicity when it comes to managing your business expenses. 

  • Multiple cards under one limit

  • Different levels of access

  • Set monthly spending limits

  • Enjoy access to a wide range of features and benefits, thanks to Mastercard

  • Do business with ease through the Dynamoney mobile app


What you need to apply

  • Eligibility criteria

    You must:

    • Be over the age of 18
    • Have a legitimate business requirement that the funds are for
    • Have bank statements from the past 12 months
  • Considerations

    • Our overdrafts can be either secured or unsecured
    • You must have a valid ABN for at least 24 months with GST registration for 12 months
    • You must have a clear credit history with no dishonours
  • Documents required

    • Australian drivers licence or passport
    • Bank statements up to 12 months. We accept PDF bank statements with corresponding CSV file
    Contact Us

The benefits of having an overdraft for your business

Business overdrafts are a useful financing solution when your business needs to spend more cash than what is currently available in your everyday business account. Usually connected to your existing business bank account, a business overdraft allows you to cover seasonal cash flow cycles or manage working capital (e.g. supplier invoices, new product launches) whilst you’re waiting for more cash to be deposited from outstanding sales.

Business overdrafts can be either a short term financing solution to cover the day to day running of your business or an ongoing facility if your funding requirements regularly change. Unsecured business overdrafts differ from business loans as they do not have a set duration or repayment structure. Our overdraft product now comes with a card attached to simplify your business spending.


How quickly after I apply will I receive funds?

Depending on what time you submit your application, we offer same day decisioning and payments.

Do I need to be an existing Dynamoney customer?

No, we’ve designed all our products to be available for all small Australian businesses whether you’re an existing customer or not.

What do I need to pay for?

Our overdraft product is interest only, meaning you only need to pay for what you use.

What is the difference between a secured and unsecured overdraft?

Secured overdrafts and unsecured overdrafts differ mainly in the collateral required by the lender. A secured overdraft is backed by collateral, such as property, inventory, or other assets, which the lender can claim again in the event of a default. On the other hand, an unsecured overdraft does not require specific collateral and is instead based on the business’s creditworthiness and cash flow.

Are you ready to apply?

Improve your business cashflow today. Apply now for a secured or unsecured business overdraft.

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