We have listed the Key Features of our Overdraft so you can ensure it's right for you.
| Key Features | MyCard Mastercard(Overdraft) | Line of Credit |
| Interest rate | ||
| Minimum amount | $500 | $500 |
| Maximum amount | $5,000 (amounts over this will be subject to additional lending criteria's) | $5,000 (amounts over this will be subject to additional lending criteria's) |
| Loan period | Continuous. Payments 5% of balance | Continuous. Payments 5% of balance |
| Repayments | Monthly | Monthly |
| Interest charges | Calculated daily, Charged monthly on the portion of the overdraft used | Calculated daily, Charged monthly on the portion of the overdraft used |
| Application fee | $100 | $100 |
| Loan repayment insurance available | No | No |
| Auto repayments (salary / account) | Yes | Yes |
| Loan interview required | No | No |
Apply
Apply using our simple overdraft loan application form.
Learn More
- Click here to see the benefits of our Overdraft.
