Fast, easy online business loans and overdrafts with ANZ GoBiz

You will be able to check your financial eligibility through GoBiz without triggering a credit check. A credit check will be done if you choose to finalise and submit your application at the end. We will ask for your consent and for the consent of any other directors or partners to complete a credit check.

The credit check involves ANZ accessing credit reports from credit reporting bodies. These reports contain information, such as your credit history, that assists us in assessing your application.

If your business has multiple directors or partners, you’ll need to provide contact details for each person so that we can contact them and get their digital consent to conduct an individual credit check.

Yes, you may use ANZ GoBiz to apply for a new unsecured loan, unsecured overdraft or credit card even if you currently have ANZ business loans, overdrafts or business credit cards.

Additionally, you may use GoBiz to apply for a limit increase on your current ANZ unsecured overdraft. You can only apply for lending through GoBiz if you have less than $1.5 million in existing business lending with ANZ. 

Check out the borrowing limits

While both business loans and overdrafts involve borrowing money, they’re set up differently to meet different needs.

Business loan

A business loan has a set lending term and can suit small and large capital purchases. With a business loan you will make regular agreed repayments.

Business overdraft

Overdrafts are flexible short-term cash flow solutions that can help with the ups and downs of business by covering trading or seasonal cash flow cycles or managing working capital, e.g. paying suppliers or purchasing stock. Unlike business loans, overdrafts do not have set repayment commitments. You can draw on the funds in your overdraft, up to the agreed limit, and make deposits when funds are available. There is a fee that is applied to the limit, but you’ll only pay interest on the overdraft amount you use, not on the total limit.

No, you don’t not need to visit a branch to finalise your application. Once approved, your funds will be disbursed within 1-2 days upon us receiving your signed loan documents.

Business days are Monday to Friday, excluding weekends and VIC public holidays. If your business doesn’t have an ANZ business transaction account, ANZ will open a suitable transaction account online for you.

At the end of the 20 minute online application, it’s possible that you’ll receive a conditional approval. This means that you’re approved for credit from us, subject to our team verifying the information you provided and checking your existing account conduct (where applicable).

It should take no more than two business days before we can provide the final, unconditional approval. There may be instances where we need additional information from you, which could extend this timeframe.

If we are unable to approve your application, we’ll let you know what your next steps are.

By applying through ANZ GoBiz, we’ll collect your personal and business information to assess your application.

We may use this personal and business information to progress your application, including contacting you about incomplete applications and to request a credit report from a credit reporting authority.

You, or the other directors/partners, can call us on 13 13 14 at any time to withdraw consent to this use of your personal or business information, or to find out more. You can also read more about the collection of personal information at ANZ's Privacy Centre.

If you are running a business and trade predominantly as an agriculture business (eg. farms and nurseries) you will not be able to apply online through GoBiz, however you can speak to one of our dedicated Agribusiness bankers who are specialised to assist in your industry by leaving your details in this enquiry form. 

You are eligible for multiple successful GoBiz applications if your business has been operating under the same registered ABN/ACN for more than 12 months and has more than 12 months of continuous reconciled financial data.

If your business has been operating under the same registered ABN/ACN for less than 12 months, or has between 6 and 12 months of continuous reconciled financial data in AUD, you are only eligible for one successful GoBiz Application. 

If your business has an annual turnover of less than $75,000, you are only eligible for one successful GoBiz Application. 

Check out the borrowing limits

A variable rate business loan is designed to be flexible, meaning you won’t incur any additional costs by repaying the loan early. A fixed rate business loan, on the other hand, may incur early repayment costs if they are repaid early or refinanced.

These early repayment costs can be high and will be calculated at the time of the early exit. If you decide to close your ANZ GoBiz lending product before the agreed-upon period, our dedicated small business banking team is here to assist you.

Contact us at 1800 801 485 for assistance on the process and any potential charges.

Yes, you can still complete the application yourself if your accounts are managed by an accountant/bookkeeper.

There are a couple things you should plan for:

• You will need your own accounting software login details to make a one-time-only connection to your business’ accounting software.
• Make sure that your financials are current and that recent transactions have been reconciled before beginning your application.
• We will ask you to review and verify high-level details from the financial information we collect. You may find it useful to have Profit and Loss and Balance Sheet reports for your business ready, for the previous 6 months and up to 12 months.
• You will be asked to provide details of any existing business lending, which could include: credit cards, business loans, overdrafts, vehicle and equipment finance or bank guarantees/rental bonds.

An ANZ business transaction account is necessary to access the credit being requested. If your business doesn’t have an ANZ business transaction account, ANZ will open a suitable transaction account.

• For unsecured business loans, ANZ will open an ANZ Business Essentials account
• For unsecured overdrafts, ANZ will open an ANZ Business Extra account

Find out more about ANZ business transaction accounts.

Your login details are encrypted and securely transmitted to your accounting software. We do not store your credentials or have access to your password, ensuring the safety of your account.

Your security is our priority. We take all necessary precautions to safeguard your financial and personal details.