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Would you like fast and convenient access to cash?

Never worry about overdrawing your account again. An approved Overdraft is a flexible personal loan that lets you access funds even when the balance of your Everyday Transaction Account reaches zero. With automatic activation and no maximum Overdraft limit, you will always be able to access funds when you need to.

13.19% pa
overdraft interest rate

Apply Online Call 1300 654 822 Web Chat

The Details:

Your overdraft forms part of your Everyday Transaction Account. Use your Victoria Teachers Mutual Bank Visa Debit or ATM Card to access the Overdraft.
There is no maximum Overdraft limit. Your interest is calculated daily on any outstanding balance and charged monthly in arrears.
  Rates & Fees
Interest Rates
Overdraft Interest Rate 13.19% pa
Overdraft Annual Service Fee1 $60 
Administration Fee $0 
Establishment Fee $0 
  Ready to Apply

Let us assist with your borrowing needs. For an Overdraft, you can:

Apply Online

Apply Online

Phone Us

Call 1300 654 822 between 8:00am and 7:00pm Monday to Thursday and Friday 8:00am and 6:00pm.


Complete a Overdraft Application and return it to us.
Download the Personal Loan Documentation Checklist for a list of the documents required to apply for your Loan.

Visit Us

Complete an application in person at our Hawthorn East or Moonee Ponds Service Centres.

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

  More Info


You will only be required to cover a minimum monthly repayment of 5% of the outstanding balance or $20 (whichever is greatest).
Easily transfer funds anytime to reduce your outstanding balance and reduce the interest you pay.



The Overdraft is typically unsecured, but we do assess on a case-by-case basis.


Use our loan calculators to assist you to make informed decisions about borrowing money and paying off your loan:

Borrowing Power Calculator
Find out how much you can expect to borrow based on your current salary and existing financial commitments.

Loan Repayments Calculator
Work our what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

Extra Repayments Calculator
Calculate how much time and interest you can save by paying more than the minimum repayment.

Lump Sum Repayment Calculator
Calculate the time and interest you can save by paying a lump sum off your loan


Important Information
Overdraft Interest Rates effective 31 October 2017. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
1. The Overdraft Service Fee is payable on the last business day in June if the limit of your Overdraft is greater than $1,000.