NBS offers flexible overdraft terms to assist you in managing the day to day challenges of running a business, small or large.
|Overdraft Facility Rates|
|Personal Interest Rate Range||11.95% p.a. - 21.95% p.a.|
|NBS Business Interest Rates start from||11.95% p.a.|
|NBS Rural Interest Rates start from||11.95% p.a.|
Rates shown are for new approvals from 10th August 2022. Rates for clients with existing overdrafts will take effect from 12th September 2022. All rates are 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||10.00% 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
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.