Certainty of funding
Draw down multiple loans, up to your facility limit, without separate credit approval and documentation each time. Your facility can be available for up to three years at a time depending on credit approval.
Choice of terms
Each loan can have a fixed term from one to 365 days, it’s up to you, which means you can time loan repayments for when you’re expecting cash flow into your business.
Your facility is not locked into one rate for years at a time; you can draw down each loan at a fixed interest rate for the term of that loan.
Interest payments are spread over the term of your loan at 90-day intervals. If a loan is for less than 90 days, you'll pay the interest when you repay the loan at the end of its term.
Rates and fees
- The current 1 month Business Basis Premium is 9bps
- The current 2 month Business Basis Premium is 3bps
Our interest rates are tailored to suit your business and its borrowing needs. Rates are subject to BNZ’s lending criteria and terms and conditions, and will also depend on a number of other factors such as the term of your loan and the amount you wish to borrow.