Loans and Finance
Overdraft
Facility
Darren Friend | NZ Packaging | NBS personal and business banking client
NBS offers flexible overdraft terms to assist you in managing the day to day challenges of running a business, small or large.
Take advantage of
- Available credit to ensure you can pay wages and other invoices
- Competitive secured and unsecured interest rates
- Temporary overdraft limit increases available (subject to NBS lending criteria)
- Access funds via NBS Online Banking, the NBS Mobile App, or in-branch
- A reduction of overdraft limit based on a set time period
Rates & Fees
| Overdraft Facility Rates | |
|---|---|
| Personal Interest Rate Range | 11.44% p.a. - 22.25% p.a. |
| NBS Business Interest Rates start from | 11.44% p.a. |
| NBS Rural Interest Rates start from | 11.44% p.a. |
|
Interest rates are current and subject to change. |
|
| Business Overdraft Fees | |
|---|---|
| Overdraft Establishment Fees | 1.00% (minimum charge $50.00) |
| Overdraft Facility Fee (Arranged) | 0.18% of the limit per month (minimum charge $5.00) |
| Default Interest Rate | 15.50% p.a. above annual interest rate |
| Default Administration Fee | $25.00 |
| Unarranged Excess Fee | $25.00 |
| Insurance Arrears Payment | $25.00 |
| Rates Arrears Payment | $25.00 |
| Motor Vehicle Security Variation/Security Swap Fee | $30.00 |
| Duplicate Statement Fee | $5.00 |
|
Fees are subject change. |
|
Terms and Conditions
- Minimum overdraft limit- $500.00
- Maximum overdraft limit- subject to your ability to meet credit and debt servicing criteria
- We may need some security, such as residential property, commercial property or business assets
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 service fees may also apply.