More about
Your ASB Rural Manager can help you select from the available options to structure a loan that suits your business.
- We offer competitive fixed interest rates that are set according to the security offered and your business situation.
- Monthly payment options include:
- Table loan - Structured to provide consistent regular payments. Each payment consists of less interest and more principal than the previous payment.
- Reducing Loan - Payments steadily reduce over time, although the initial payments can be higher than with a table loan.
- Interest-only loan - Suitable for short-term borrowing to cover a period until capital will be available to repay the loan in full.
- An early repayment adjustment may have to be paid, if the fixed rate contract is broken.
- Fixed rate terms of 6 to 9 years can be arranged in certain circumstances. These rates may not have the option to be locked in up to 11 months in advance.
- Interest rate hedging solutions are available for loans of NZ$1 million or more.
Interest rates and fees
| Loan | Interest rate |
| Rural lending base rate | 7.10% p.a. |
Fees apply. Please talk to an
ASB Rural Manager to find out more.
Our lending criteria and up to a 1% fee may apply and early repayment adjustments apply to fixed rate loans. Special conditions including a low equity fee and our insurance may apply.
Ask at any ASB branch about current rates and fees, as they are subject to change.
