Our mortgage secured overdraft features a lower interest rate compared to the unsecured overdraft. If your transaction account runs low on funds and you have unexpected expenses, a Community First overdraft will cover you and help you avoid account overdrawn fees. You don't have to use it, but it's good to know it's there.
Features and benefits
Eligible accounts
- Access Account
- Retirement Plus Account
- McGrath Pink Visa Debit
- Money Market Account
- Student Starter Account^
^Student Starter account holders can apply for a $500 credit limit if 18 years of age or older.
Eligibility
- Are over 18 years of age
- Have a regular income
- Are not or have not been bankrupt (including Part IX agreements)
- Are an Australian citizen or a permanent resident
- Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
- Have been in your current job longer than 6 months
- Have an acceptable Credit Risk Profile (Credit Score)
- Your personal details, such as your current and previous address, phone number and email address
- Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Self employed
Community First Credit Union is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts. Find out more here.
Rates
Overdraft facility (Mortgage secured)
- Access Account
- Retirement Plus Account
- McGrath Pink Visa Debit
- Money Market Account
- Student Starter Account^
^Student Starter account holders can apply for a $500 credit limit if 18 years of age or older.
- Are over 18 years of age
- Have a regular income
- Are not or have not been bankrupt (including Part IX agreements)
- Are an Australian citizen or a permanent resident
- Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
- Have been in your current job longer than 6 months
- Have an acceptable Credit Risk Profile (Credit Score)
- Your personal details, such as your current and previous address, phone number and email address
- Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Self employed
Community First Credit Union is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts. Find out more here.
Overdraft facility (Mortgage secured)
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