ASB Job Creation Loans

ASB has created a special $1 billion loan fund for New Zealand businesses to borrow at below market rates if they can show that their new initiative will create employment or prevent people losing their jobs.

This is being specifically aimed at businesses looking to invest in a new project, process or expansion initiative that facilitates an increase or retention of jobs. So to be eligible, business borrowers will need to meet ASB's normal business lending criteria plus demonstrate the employment benefits of their proposal.

A range of finance options are available:

• Fixed interest rate for 2 years
• Floating interest rate for up to 2 years*
• Flexible Finance Facility for up to 2 years*
• Foreign currency facility options

*Floating rate will remain at 1% below ASB’s variable housing rate for up to two years then revert to market rate at that time.

Good news for exporters:

We’ve set aside $250m of the $1bn Job Creation Loan fund specifically for businesses that export products. It’s one way we’re helping provide relief from a high New Zealand Dollar and to support exporters during these difficult times.

Find out more:

To find out more about Job Creation Loans for your business:

• Talk to your ASB Business or Commercial Manager
• Call 0800 272 222
• Email business.banking@asb.co.nz 

Fees apply

Job Creation Loan Rate effective 3 September 2010 for new loans and subject to change.

Ask at any ASB Branch about current rates and fees as they are subject to change.

*Floating rate will remain at 1% below ASB’s variable housing rate for two years then revert to market rate at that time.