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Rates and fees

  • 0

    application fee (up to $40k1)

  • 35

    minimum line fee2

  • 13.12

    current variable interest rate

More rates and fees information

Line fees

  • For every six months you have your overdraft we charge an overdraft line fee (based on your overdraft’s approved limit).

Interest rates

  • Interest on personal overdrafts is variable. It can move up or down at any time.
  • Interest is charged on the amount of your overdraft you actually use.
  • The current interest rate is our base rate plus 4%.
See all our personal products interest rates, fees and charges.

Benefits and features

Repay your borrowed amount more easily

  • Apply for a limit as low as $500.
  • No scheduled repayments—just repay the amount you borrow by depositing money into your account.
  • Make regular payments to keep your balance within your credit limit.

Pay interest only on what you use

  • Unlike a standard loan, you’re only charged interest on the balance of your account (not your full credit limit).
  • Interest is calculated daily and charged monthly.

Have a safety net for leaner times

  • Avoid the inconvenience of declined purchases and cash withdrawals due to lack of funds. Particularly helpful for joint accounts.
  • Protects you from having a payment dishonoured by covering direct debits due before pay day or cheques that are presented late.
  • Covers you if you have irregular income payments such as commission payments or casual work.

Use the money if and when you need it

  • Easy access to your account using NAB Internet and Telephone Banking, NAB and rediATMs, or at any NAB Branch.
  • You don’t even need to put up your house, car, or anything else as collateral. A personal overdraft is unsecured.

What you need to know

Important information

1 For higher limits we charge an application fee based on the limit that we approve.

2 Rates, fees and limits apply. Please refer to our Personal banking fees and charges before making any decisions about this product. NAB is the product issuer.

View our Indicator rates - deposit products.

Apply now for your overdraft

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