Finance your investment with a term loan
Terms and rates
Choose the fixed rate period that works best for you – terms from 90 days to five years. At the end of each applicable fixed rate period, you can switch to a fixed rate period of your choice.
Payment periods are flexible. For example, you could choose to make payments weekly, fortnightly, or monthly – whatever suits your circumstances. Interest-only payment options are available to approved borrowers.
If you’re buying an investment or commercial property, your term loan can be secured by the property you want to purchase or some other unencumbered property. If your loan is for property development, other security may be required.
A revolving credit facility for property developers
ProjectPlus is revolving credit facility ideal for a property developer who needs easy access to property finance.
The total limit on the facility is agreed upfront, and becomes available once all conditions in the facility agreement are met. The minimum credit facility is $1,000,000.
Use the facility to pay project-related suppliers, tradespeople and other creditors, because it’s a loan and transaction account rolled into one.
You could pay less interest than with a term loan, because you only pay interest on the money you’ve drawn. Plus, the credit limit is based on your project costs.
Fit your timeframe
The lifespan of your credit facility is generally determined by your project timeline. You'll need to repay the total loan on or before the date the facility expires.
Get support from a specialist
Discuss your options for financing your property investment or development with a BNZ property specialist.
Call 0800 273 916
Rates and fees
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.