Loans & Finance
Business
Flexi
Wayne Green | Wholemeal Cafe, Tākaka | NBS personal and business banking client
Access working capital to help your business grow
A maximum credit limit is applied to your Business Flexi Loan (based on NBS Lending Criteria) that you can repay, redraw, or reduce at a pace that suits your needs.
All borrowings are based on variable interest rate with interest charges calculated daily (and debited monthly). With a variable rate the interest charged on your Business Flexi Loan can go up or down, depending on market changes.
Talk to one of our Lending Specialists today.
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Rates & Fees
| NBS Business Lending Rates | |
|---|---|
| 6 Months Fixed start from | 7.55% p.a. |
| 1 Year Fixed start from | 6.89% p.a. |
| 2 Year Fixed Start from | 6.59% p.a. |
| Variable and Flexi interest rates* start from | 8.94% p.a. |
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Interest rates are subject to change at any time without notice. NBS General Terms and Conditions, general lending terms and criteria, and fees apply. * Effective rate for new clients from 18 October 2024. Effective rate for existing clients from 25 November 2024
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|
| Business Flexi | |
|---|---|
| Monthly Base Fee | $15.00 |
| EFTPOS withdrawal | $0.50 |
| Other Bank ATM Transaction fees | $1.50 |
| Manual Transactions (include cash withdrawals and external transfers) | $0.50 |
| Loan Establishment Fee | 1.00% (minimum charge $500) |
| Loan Additional Funds | 1.00% of increase limit (minimum charge $250) |
| Discharge Mortgage Fee | $50.00 |
| Default Interest Rate | 10.00%p.a. above annual interest rate |
| Default Administration Fee | $45.00 per event |
| Unarranged Excess Fee | $25.00 |
| Dishonour Fee | $15.00 |
| 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 |
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Fees are subject to change. |
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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 NBS service fees may also apply.
This facility is periodically reviewed and you may be required to provide an updated valuation and income verification.