Choose a term loan that works with you
Design your loan to suit your business
Whether you’re growing your business or just starting out, our term loan offers the flexibility to choose how you want to structure and secure your lending facility.
Terms and rates
Select from a range of short, medium and long-term fixed interest rates. Our 90-day fixed rate lets you repay some or all of the loan at any time with no extra cost^.
Choose a repayment period that suits your cash flow - weekly, fortnightly or monthly, whatever suits your circumstances.
Choice of security
Secure your loan with a mortgage or other securities, such as assets. The security you offer may affect the interest rate applied.
Establish as many loans as you need, each with a specific purpose, to make your accounting easier.
Lock in your interest rate in advance
Our Business First and Farm First term loans let you lock in an interest rate up to 60 days in advance to help protect your business against rising interest rates^.
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.
Lending criteria, terms and fees (including establishment fees) apply.
A rate lock fee may apply.
An early repayment charge may apply.