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Our view: Shift's overdraft is worth comparing for recurring cash gaps when the business can manage a variable rate and regular repayments. Charging interest on the drawn balance makes the borrowing pattern important. We would choose a useful limit rather than chase the $2 million ceiling, and include the annual facility fee even if the line is seldom used.
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| What to check | Review finding |
|---|---|
| Overdraft range | $10,000–$2 million |
| Term | Up to five years |
| Published annual variable rate | 14.95%–24.95% |
| Repayments | Weekly or monthly, according to the offer |
| Annual facility fee | $495 for limits up to $100,000; $795 above |
Why the overdraft is the main product to assess here
Shift's overdraft links to an existing business transaction account and lets an approved business move funds when needed. The appeal is a reusable source of working capital without borrowing the full limit immediately. That can suit a business whose profitable trading produces receipts at uneven times.
We would distinguish that need from a permanent shortage of working capital. A limit regularly repaid after customer receipts behaves differently from one that stays fully drawn and grows with every quarter. In the second case, the business needs to examine whether its margins, stock levels or payment terms are creating a lasting debt. The product's flexibility does not answer that operating question.
The current overdraft page provides a clear product range and repayment choices. That is more useful than the old GetCapital brand's historical rates. It still leaves the actual limit, security and repayment calculation to the proposal.
The overdraft charges for use and access
Shift's current rates-and-fees page, updated in September 2026, states that overdraft interest applies to the drawn balance and there is no establishment fee. The annual facility fee still needs to be included when comparing a lightly used limit.
A business drawing $20,000 during two stock-buying periods should calculate interest on the expected balances and dates, then add the annual fee for its approved limit. At a limit up to $100,000, that published annual charge is $495 regardless of whether the full limit is needed. This is a usage illustration, not an all-in quote. Pricing the limit as fully drawn all year would answer a different question.
What the published rate range tells us
Shift's rate schedule distinguishes business profiles and product types. The lowest overdraft rate should not be treated as the price available to a smaller applicant simply because it appears at the top of the range. Compare the offered annual variable rate with the fee for the chosen limit.
A simple illustration shows why utilisation matters. If a hypothetical $50,000 balance stayed unchanged for 30 days at 20% a year, simple daily interest using a 365-day basis would be about $822 before fees. If only $10,000 were used over that period, the same calculation would be about $164. These are arithmetic examples, not Shift quotes; actual balances, calculation conventions and rates govern the account.
The annual access fee does not shrink in the same way as interest when usage falls. An owner keeping a limit for occasional purchases should therefore compare the cost of that access with a facility carrying different setup or holding charges. A heavily used balance deserves greater attention to the interest rate and required principal payments.
Repayments, documents and security
The overdraft page offers weekly or monthly repayments and says requests of $500,000 or more require financial statements. The approved limit, repayment structure, security and guarantees depend on assessment. The headline maximum is not evidence that the entire range is available without property or personal obligations.
Ask when the rate may change and how a change affects payments. Shift advertises extra or full repayments without cost for the overdraft; confirm how closure affects any already-charged facility fee.
Bank data is convenient, but the cash story must be clear
Shift describes setting smaller limits from linked bank data, with financial statements required from $500,000. That can reduce administration for a business whose trading activity is readily visible in its accounts. It also means the records need to make sense: transfers between accounts, tax payments and existing borrowing can otherwise obscure operating receipts.
Prepare the use of funds and a forecast showing how draws will be repaid. An overdraft application is stronger as a funding plan than as a request for the largest available ceiling. If the proposed limit depends on a recent exceptional sale, show whether that receipt is repeatable.
We have not established a universal minimum turnover or security rule from the public product page. The smallest turnover band in a pricing chart does not automatically become an eligibility threshold. Those gaps should be settled directly in the offer, including who guarantees the facility and whether any asset security is taken.
Keep other Shift products separate
Shift also lists term lending, an Equipment Line, asset finance and a Trade Account. A term loan funds an agreed amount; asset finance follows a purchase; a trade facility is tied to transactions. Their prices, documents and security can differ from the overdraft.
Shift’s 26 October 2021 announcement records the rebrand from GetCapital to Shift. This URL preserves that review history. An older GetCapital rate, eligibility rule or loan limit should not be carried into a new Shift product without checking its current terms.
Equipment spending is a different Shift decision
An owner buying a vehicle or machine should compare the overdraft with Shift's asset products rather than assume reusable cash is the most suitable funding. An asset has an expected useful life and potential resale value; a revolving operating facility has different access and repayment conditions.
The rates page lists separate fixed-rate asset and Equipment Line products with their own fees and early-payout treatment. We would not transfer the overdraft's no-cost extra repayment statement to those facilities. A business likely to sell or replace equipment before the finance ends needs a product-specific settlement figure.
For a one-off expansion, a term-loan schedule may also offer a clearer repayment finish than a frequently redrawn balance. Shift's broad menu is a strength only when those differences are explained. The comparison should show why the selected facility serves the purchase, not simply which one produces an approval first.
A useful comparison
Put Prospa's line of credit or ScotPac's line beside Shift using the same draw and repayment dates. For infrequent use, access charges can carry considerable weight. For a balance that remains drawn, the variable rate and required principal repayments become more important. The headline limits alone do not settle either comparison.
Our assessment of Shift
Shift merits a quote for an established business with recurring, repayable working-capital needs. Its published overdraft pricing framework, drawn-balance interest and payment-frequency choice help an owner build a realistic comparison. We would be more cautious where the debt would remain fully drawn, a variable rate would strain margins or the security is broader than the operating need warrants.
Stress the proposed balance at a higher rate and with slower customer receipts before deciding. That is especially useful where a small price change affects many months of borrowing. The final choice should depend on the cost of the expected draw pattern and the conditions preserving access, rather than the highest limit or a historic GetCapital review score.
BusinessLoans.com.au and the Shift entity
The Australian Business Register history links the BusinessLoans.com.au business name to Shift Finance Australia Pty Ltd and records that entity name from 7 June 2024. This identifies a business name; it does not establish a separate current product or carry old BusinessLoans.com.au prices into a Shift offer. Existing borrowers should use their own agreement and verified servicing correspondence. For a new enquiry, identify the named Shift product, legal lender and full repayment terms.
Sources and review scope
The sources below support the product discussion and dated history. A historical announcement does not establish current pricing or availability. Where official pages disagree, the difference is identified in the review; the provider's written offer determines approval, costs and contractual obligations.
This is an editorial assessment of published information, not an account of a test application or personal borrowing experience. See about SMB Loan for information about the site.
Product facts and sources
Provider sources checked 10 October 2026. This is a product-information check, not a test application.
- Published amount
- $10,000–$2 million
- Term and repayment structure
- A revolving facility for up to five years, with weekly or monthly repayments.
- Initial criteria
- Shift assesses the limit using linked bank data and requires financial statements for accounts of $500,000 or more. The product page does not establish a universal minimum trading period or turnover.
- Published costs
- Variable interest of 14.95%–24.95% p.a., with no establishment fee. The annual fee is $495 for limits up to $100,000 and $795 above that amount. The rate schedule is dated 24 September 2026.
- Security and guarantees
- The retrieved product page does not establish the security requirements. Property-free borrowing at every amount has not been verified.
Source qualification: Guarantees and security must be checked in the proposed contract; these requirements were not verified.