Have the flexibility to draw down funds at any time for any purpose and reduce the interest you pay by only drawing down what you need. Plus get easy, instant access through Internet and Telephone Banking.
Convenient credit when you need it
A revolving credit facility^ (minimum loan amount is $500,000) that’s secured against the value of your plant, vehicles and equipment.^ CreditPlus is a quick and easy cash flow facility^ that allows you to draw down when you need it, and you don’t have to tell us how you’re using it.
Reducing your interest
Use your surplus cash to repay your loan over and above your monthly repayments which will reduce the amount of interest you pay. You have the flexibility to redraw these funds again as you need to.
Repayments (combined principal and interest) are made monthly by direct debit. You can make additional repayments of $1000 or more at any time. CreditPlus has no fixed term and there are no penalties for early partial or total repayment. The interest rate applicable to CreditPlus is reviewed quarterly, in line with the market.
Help with importing assets
If you’re buying plant or equipment from overseas, we can even help you bring it into the country, using the asset as security.
Credit Plus can be accessed through internet banking and telephone banking. Minimum drawdown is $1000.
No transaction fees
No fees are charged for drawdowns or repayments.
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.
Lending criteria and establishment fees apply.
Facility limit is set by the lending value of your plant, vehicles or equipment. This limit reduces each month in line with a set depreciation amount of the assets.
Availability of the facility is reviewed annually and is subject to lending criteria continuing to be met.