Business term loans, property finance and business overdrafts
Interest rates are subject to change. Service fees may apply.
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Interest rates |
Interest rates will vary depending on your circumstances, the terms of your loan and the security you can offer. |
*A margin may apply. |
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Business banking default rate May be charged on each amount that is either overdue or over the limit of your business loan. |
Your current interest rate plus 5% p.a. |
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Application fee When you apply for a new or increased loan or overdraft. |
Minimum fee $25. |
Minimum fee $75. |
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Consent fee When your solicitor asks for our consent to a variation to certificate(s) of title of a property provided as security. |
$30 per certificate of title. |
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Overdraft fee What you pay to have an overdraft. |
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0.10% of the Overdraft limit per month. Minimum fee $5. |
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Temporary overdraft arrangement fee When you ask for a temporary overdraft or a temporary increase in your overdraft. |
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0.25% of the overdraft limit, or the amount of the increase. Minimum fee $75. |
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Demand fee (loan default) When we demand payment of all amounts outstanding under your lending because you're in default. |
$25 per demand. |
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Demand fee (insurer premiums) When we pay an insurer premiums that are due on security provided for your lending. |
$25 per payment to the insurer. |
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Demand fee (local authority rates) When we pay local authority rates that are due on security provided for your lending. |
$25 per payment to the local authority. |
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Discharge of security fee When you ask us to discharge or partially discharge your mortgage or security. |
$35 per mortgage or security. |
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Discharge of security fee (when needed within five business days) If requested to be completed in less than five business days and where the discharge is required to refinance another lender. |
An additional $35 per request. |
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Early exit fee When your loan is repayable over more than three years and you fully repay the loan within three years from the date you first drawdown your loan. |
$250. |
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Early repayment limit The maximum amount you can pay towards a fixed rate loan, over and above the minimum repayments, without potentially incurring lump sum repayment fees or fixed rate break costs. |
5% of the outstanding balance of the fixed rate loan at the date of payment, less any other payments over and above the minimum repayments that you’ve made in the current calendar year during a fixed term. |
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Fixed rate break cost When you repay your entire fixed rate loan early or make an additional payment which, together with any other additional payments you’ve made, exceeds our early repayment limit or if you switch your fixed rate loan to a variable rate loan or other fixed rate. |
The amount of the break cost varies depending on the current interest rates and how long the loan has left to run. |
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Fixed rate lock option When you ask us for a fixed rate lock option. |
The amount of the fee varies depending on the amount you want to lock in and how long you want to lock it in for. The amount of the fee will be set out in the Fixed Rate Lock Option Agreement. |
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Investigation fee When you ask us to investigate something about your lending. |
$60 per hour. Minimum fee $15. |
$60 per hour. Minimum fee $15. |
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Lending restructure fee When you ask us to change your existing lending. For example:
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$25 per charge. Where we are changing multiple existing loans, the fee applies per changed loan. |
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Non-utilisation fee When you don’t use your entire revolving facility. |
Calculated daily at 0.6% p.a. on the difference between the maximum credit limit of the revolving facility and the highest amount outstanding on the revolving facility that day. Charged monthly. |
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Performance bond/Irrevocable letter of credit establishment fee When you ask us to issue a performance bond/irrevocable letter of credit. |
1% of the value of the performance bond/irrevocable letter of credit. Minimum fee $25. |
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Performance bond/Irrevocable letter of credit ongoing fee What you pay to have the performance bond/irrevocable letter of credit. |
1% per annum of the value of the performance bond/irrevocable letter of credit. Charged quarterly. Minimum fee $25 per quarter. |
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Security restructure fee When you ask us to change our existing security. For example:
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$135 per request. |
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Standard home loan fee |
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Kāinga Ora – Lenders' Mortgage Insurance Fee |
A Lenders’ Mortgage Insurance premium is payable to Kāinga Ora - Homes and Communities to insure your Kāinga Whenua Loan. This fee reimburses Kiwibank for the Lenders’ Mortgage Insurance premium Kāinga Ora - Homes and Communities charge to Kiwibank.
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Talk to us
If you want to talk through your business borrowing options, get in touch with our business banking team.
Find a business banking specialist
Find a business banking specialist in your area. Request a call back, or call them directly.
Find a business bankerCall us
Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.
Mon – Fri: 8am – 5pm.
Kiwibank's lending criteria, terms and conditions, and fees apply. Fees and limits are effective from 1 December 2020, and are subject to change. Unless otherwise specified, all amounts shown are in New Zealand dollars.
Download our business banking fees and limits brochure.