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Revolving credit

Revolving credit

Make short work of managing your cash flow

  • Draw down funds, up to your credit limit, at any time.
  • Interest is calculated daily at a variable interest rate.
  • Select a term from 6 months up to 5 years. A 10 year fixed rate is also available upon request.
Revolving credit
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A revolving credit facility gives you the freedom to respond to cash flow variations, without having to apply for a loan each time you need funds.

It can also work well alongside your fixed rate or floating rate loans by allowing their regular payments to continue through your cash flow fluctuations.

  • With FastNet Business or FastNet Classic, you can view your available credit and transaction history at any time.
  • There is a monthly account fee, which can be either a percentage of the facility or a negotiated fixed amount.
  • The variable interest rate is priced off the rural lending base rate. It will depend on the security you offer and your business circumstances.

Disclaimer: All lending is subject to ASB lending criteria, as well as the terms and conditions for each specific product. These are available from any branch of ASB Bank Limited.