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Unsecured business overdrafts with ANZ GoBiz

Easy. Simple. Flexible. Prepare for the unexpected with an unsecured business overdraft from ANZ GoBiz. Unsecured business overdrafts let you draw on funds up to your limit and repay the balance when you like.

Draw on funds as you need them

Only pay interest on the amount you use

No application paperwork or need to visit a branch

Encrypted, one-time connection to your accounting software

Apply online now


  Apply for an overdraft in just 20 minutes

Why choose an unsecured business overdraft?

Access $2,000 to $300,000

Manage the ups and downs of cash flow with access to short-term funds on demand.

No repayment deadline

Make deposits to repay your balance in your own time as funds become available.

No need to use assets as security

Avoid the need to use assets like your property as security. Guarantees from your directors is enough.

Business overdraft interest rate


Variable rate



Rates and Fees

Upfront fee


Credit Facility Fee

Based on your overdraft limit, starting from $250 p.a.disclaimer

What is an unsecured business overdraft with ANZ GoBiz?

Flexible cash flow finance without securitydisclaimer

Overdrafts give you access to extra funds up to an agreed limit if your account goes below zero. They’re attached to your business transaction account and can help with the ups and downs of business by covering cash flow cycles.

Having an unsecured overdraft means you borrow based on the strength of your business without needing to put up assets like vehicles or property as collateral.

Here’s how it works:

  • Securely connect your accounting software to ANZ GoBiz
  • We assess your business’ balance sheet and financials
  • Get a quick answer online with less paperwork


Benefits of an unsecured business overdraft


A handy pool of funds

Have a line of credit you can dip into so you don’t need to worry about unexpected surprises.


Pay as you use

Only pay interest on the amount you use, not on your overdraft credit limit.


Repay as you go

Choose your own payments each month, repaying funds as it suits the needs of your business. 


Conditional approval in minutes

Where eligible, get conditional approval in minutes and full approval within two business days.disclaimer


Funds in days

Once approved, access your funds in under two business days of returning the signed contracts.



ANZ GoBiz is an online platform which connects with your accounting software to assess your financial data.

GoBiz is suitable if your business:

  • Uses Xero, MYOB or Intuit QuickBooks
  • Has at least 6 months of continuous reconciled financial data in AUD
  • Operates under a registered ABN/ACN.
  • Has been GST registered if annual turnover is $75,000 or more
  • Has an annual turnover not exceeding $10m
  • Is a sole trader, a company or a partnership
  • Is a fixed unit or discretionary trading trust with a corporate trustee
  • Has up to five directors or partners 

And if you are:

  • The key financial decision maker for your entity
  • An Australian citizen or permanent resident
  • Over 18 years old

GoBiz is not suitable if your business:

  • Is a franchise
  • Is a partnership with a company as a partner
  • Has had a director leave in the past 6 months
  • Has sold 25% or more of its shares in the last 6 months

Total borrowing limits when applying for lending:

  • $50,000 for all your ANZ business credit cards disclaimer
  • $300,000 for all your ANZ business overdrafts disclaimer
  • $500,000 for all business lending products applied for via ANZ GoBiz disclaimer
  • Less than $1.5 million for all your ANZ business lending products

Apply now

Apply online

Apply online now

It's easy to apply through ANZ GoBiz. The online application will guide you through the process.

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If you can't use ANZ GoBiz, or just want to talk through your options, our expert business bankers are standing by to assist. Just leave your details and we'll call you back within 1-2 business days.

Your unsecured business overdraft questions answered

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.

Unsecured business overdrafts are generally quicker and easier to get than secured overdrafts, which require you to put up an asset like property as collateral. Please see full eligibility criteria to see if your business is able to apply through GoBiz.

A secured overdraft is borrowed against an asset like property or a vehicle whereas an unsecured overdraft isn’t. Your business can often obtain a lower interest rate with secured lending as opposed to unsecured lending by using assets owned by the business or yourself as security.

Secured overdrafts generally take longer to get as they involve a more detailed approval process while unsecured overdrafts are generally quicker to process. Unsecured business overdrafts are assessed by the lender based on the financial history of the business and the credit scores of its directors.

For unsecured business lending a personal guarantee may still be required from all company directors.

Generally speaking, secured overdrafts are less risky for lenders because they are backed by a physical asset like property. This means unsecured overdrafts have higher interest rates to help offset the higher level of risk.

No, you won’t need to provide a deposit for an unsecured business overdraft.

No, you don’t need to be a customer to apply for an unsecured business overdraft from ANZ.

A personal guarantee is a type of secondary security for your business overdraft, meaning the directors providing the guarantee will be liable for the company’s debt in case of default. Most lenders of business overdrafts require personal guarantees from the business’ directors.

You’ll be charged additional fees and interest for each day your limit is exceeded, and you must repay the closing balance of the excess within seven days. You can find out more in the ANZ Business Overdraft Specific Conditions of Use (PDF).

One common alternative to an unsecured business overdraft is an unsecured business loan. A business loan has a set lending term and you will need to make regular agreed repayments. Another alternative is to consider a business credit card, which can be a useful tool for covering unforeseen expenses.

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.

Find out more about ANZ business transaction accounts.

Questions about ANZ GoBiz

To establish your financial eligibility, we’ll need to make a one-time only connection to your accounting software subscription. You’ll need to ensure that your financials are up-to-date and recent transactions are reconciled.

Once you log into your accounting software subscription and provide consent, ANZ will securely access and analyse your business’s financial data covering at least 6 full calendar months and up to 12 months if the data is available prior to your application, including:

We may also use this information to identify ways we can help your business in the future and discuss these with you. All information you share will also be used in line with our Privacy Policy.

At the end of the 20-minute online application, it’s possible that you’ll receive 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.

At the end of the ANZ GoBiz application, 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.

The following total borrowing limits will apply.

If you wish to apply for more than these limits, please speak to a business banking specialist.

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 at least the previous 6 months and up to 12 months of your business ready.
  • 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.

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Interest rates and fees are current as at and are subject to change without notice. The interest rate on Variable Rate Loans is subject to change throughout the term of the Loan.

Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.

ANZ recommends you read the applicable Terms and Conditions (available on application) before acquiring the product.

Products are available to approved applicants for business purposes only. All applications for credit are subject to ANZ's normal credit approval criteria. Terms and conditionsFees and charges and eligibility criteria apply.

We recommend you obtain independent advice from an accountant or registered tax agent if you are considering whether these products are right for you.

The annual fee is calculated based on your overdraft limit:

  • Limit of $9,999 or less: $250 p.a. fee
  • Limit of $10,000 to $19,999: $400 p.a. fee
  • Limit of $20,000 to $49,999: $600 p.a. fee
  • Limit of $50,000 or greater: fee is 1.7% p.a. of facility limit

For an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required in cases of directors. 


It should take no more than two business days before we can provide full approval. There may be instances where we need extra information from you, which could extend this timeframe. For multi-director companies, an individual credit check will need to be completed for each director prior to ANZ commencing the full approval process.


In addition to the total borrowing limits, during the time where 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 eligible for only one successful application via GoBiz, and the following application-based limits apply:

  • $50,000 for all ANZ business credit cards
  • $50,000 for all your ANZ business overdrafts
  • $200,000 for all other ANZ business lending products

For MYOB users balance sheet data is consumed from subscription commencement.