Loans and Finance
Business
Term Loan
Phil Gibson | Westimber, Greymouth | NBS business and personal banking client
Confidently plan with the certainty of a fixed interest rate for the term you choose or the flexibility of a variable rate.
Take advantage of
- Fixed or variable interest rate options
- Short, medium or long term financing
- Flexible repayment options available to help manage cash-flows
Loan options
Fixed Rate Loans
Create more certainty in your business and make cashflow planning easier with a fixed rate. With our flexible loan terms, you can lend up to a maximum of 20 years.
Your NBS Lending Specialist can give you all the information you need to help you select the loan structure that suits your business.
Variable Rate Loans
Tailor your repayments to suit your businesses cashflow and get the flexibility you need to make lump sum payments, or repay your loan in full at any time.
Your NBS Lending Specialist can give you all the information you need to help you select the loan structure that suits your business.
Rates & Fees
| NBS Business Term, NBS Business Redraw, NBS Interest Only Fees | |
|---|---|
| Loan Establishment Fee | From $450.00 |
| Interest Rate Review | From $50.00 |
| Discharge Mortgage Fee | $50.00 |
| Default Interest Rate | 4.00% p.a. above annual interest rate |
| Default Administration Fee | $45.00 per event |
| Insurance Arrears Payment Fee | $25.00 |
| Rates Arrears Payment Fee | $25.00 |
| Motor Vehicle Security Variation/Security Swap Fee | $30.00 |
| Duplicate Statement Fee | $5.00 |
| Early Repayment Adjustment (Formula based calculation required) | P.O.A |
| Early Repayment Administration Cost | $50.00 |
|
Fees are subject to change. |
|
| Variable Rate | |
|---|---|
| Loan Establishment Fee | From $450.00 |
| Interest Rate Review | From $50.00 |
| Discharge Mortgage Fee | $50.00 |
| Default Interest Rate | 4.00% p.a. above annual interest rate |
| Default Administration Fee | $45.00 per event |
| Insurance Arrears Payment Fee | $25.00 |
| Rates Arrears Payment Fee | $25.00 |
| Motor Vehicle Security Variation/Security Swap Fee | $30.00 |
| Duplicate Statement Fee | $5.00 |
|
Fees are subject to change. |
|
| NBS Business Lending Rates | |
|---|---|
| 6 Months Fixed start from | 7.14% p.a. |
| 1 Year Fixed start from | 6.25% p.a. |
| 2 Year Fixed Start from | 6.49% p.a. |
| Variable and Flexi interest rates start from | 8.44% p.a. |
|
Interest rates are current as of 6 December 2024 and subject to change at any time without notice. NBS General Terms and Conditions, general lending terms and criteria, and fees apply.
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Terms and Conditions
For both Fixed and Variable: All lending is subject to NBS lending criteria, as well as the terms and conditions for each specific product. These are available free of charge from any NBS branch. Establishment fees and early repayment adjustments may also apply.