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Business and Rural banking customers

ASB Christchurch Business Rebuild Fund

We’ve set up a $100 million fund for ASB SME business customers with existing loans that have been substantially impacted by the earthquake.

  • The fund will offer a 12 month interest free period, followed by a discount of 1.00% off your rate(s) (fixed or floating) at that time for up to two years.
  • Principal repayments are not required during the first 12 months.
  • The offer is available until 31 May 2012. 

To ask about any of these options, or just chat about your situation and how we can help, please call us on 0800 272 222 between 8am to 5pm Monday to Friday.

Lending criteria applies.  Interest rates subject to change.  ASB terms and conditions apply.


ASB Christchurch New Business Fund

We’ve set up a $100m fund for additional business lending, encouraging growth in the Christchurch region.

  • This fund is available for small to medium business customers whose future cash flows are expected to be financially viable within 12-24 months.
  • A maximum amount of $1 million business lending per customer.
  • The fund will offer a 12 month interest free period, followed by two years at 1.00% discount on customer rate for two year fixed rate and variable rate Term Loans and Overdrafts.
  • Principal repayments are not required during the first 12 months.
  • The offer is available until 31 May 2012.

To ask about the ASB Christchurch New Business fund, or just chat about your situation and how we can help, please call us on 0800 272 222 between 8am to 5pm Monday to Friday.

Lending criteria applies.  Interest rates subject to change.  ASB terms and conditions apply. 


Special Assistance for ASB Business and Rural customers

If your business needs extra support over the next few months, please don’t hesitate to ask. Just call our team on 0800 272 222 between 8am and 5pm Monday to Friday to ask about any of the following:


  • Access to working capital of up to $100,000 at the special variable rate of 1.25% p.a. below ASB’s housing variable rate. Right now that rate is 4.5% p.a. Also, you won’t be charged establishment or service commitment fees. More details.
  • No Early Repayment Fees if you are repaying a small business or rural loan, where your business has been destroyed or suffered major damage as a result of the earthquake. Fixed rate loan break costs for commercial, rural and property finance customers to be assessed on a case by case basis.
  • Access to funds in ASB Term Deposit or ASB Term Fund accounts without receiving a reduced return on your ASB Term Deposit or paying any ASB Term Fund withdrawal fees.


Lending criteria applies. Interest rates subject to change. ASB terms and conditions apply. Offer expires 31 May 2012.