Business loan interest rates and fees
Interest rates
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Business and Rural variable base rates
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Business base rate
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Rural base rate
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Floating base rate
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Corporate Indicator rate
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Special Purpose base rate
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Unarranged overdraft interest rate
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Rates are current as at
*Minimum margins over the base rate apply.
General terms and conditions that apply: ASB's lending criteria, terms and fees apply. Interest rates are subject to change at any time.
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Housing variable base rate business lending
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Rate
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Housing Variable
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Effective on and from 28 November 2025 for new home lending customers and on and from 2 December 2025 for existing home loans. |
Rates are current as at
* Minimum margins over the base rate apply.
General terms and conditions that apply: ASB's lending criteria, terms and fees apply. A Low Equity Margin may apply. Interest rates are subject to change at any time.
Establishment Fees
Calculated on the approved limit.
Applicable to:
- Business Overdrafts
- Business Credit Facilities
- Commercial Flexible Finance Facilities
- Business Temporary Overdrafts
- Business Term Loans
Up to 1.00% (minimum $25.00).
Applicable to:
- Contingent Liabilities
Up to 1.00% (minimum $250.00).
Applicable to:
- Asset Finance Revolving Fleet Facility
- Asset Finance Term Loan
- Committed Cash Advance Facilities
By negotiation
Facility Fee (Line Fee)
Calculated on the limit or the highest daily overdrawn balance (whichever is greater).
Applicable to:
- Business Overdrafts
- Business Credit Facilities
0.12% per month
(1.44% p.a.)
Calculated on the limit.
Applicable to:
- Contingent Liabilities
0.25% per quarter (minimum $25 per quarter)
Facility Fees on Committed Cash Advance Facilities and Asset Finance Revolving Fleet Facilities are by negotiation.
Undrawn Facility Fee
Calculated on the difference between the average balance and the approved overdraft limit. If the average balance is in credit, the undrawn fee will be charged on the full overdraft limit.
Applicable to:
- Commercial Flexible Finance Facility
0.05% per month
(0.60%p.a.)
Additional Fees
Account and Service fees and charges
Other fees and Service Charges may apply
See our guide to business banking fees for more details.
Personal Property Security Registration (PPSR) fee
When we register a security (other than a mortgage) when lending money to you.
$25 per security
Copy of loan history fee
When you request a copy of your loan history held by ASB.
$20 per hour
LINZ search fee
When a copy of your title is required.
$15 per title
Alterations to security fee
When you request one of the following:
- a transfer of ownership with a new mortgage required
- a transfer of ownership to a trust or company
- a transfer of ownership with a new party to the title
- a land title change with a new mortgage required
$10
Partial release or substitution fee
- When you request a partial release or substitution of any secured property
$10
Change parties to loan agreement or owners on title fee
When you request one of the following:
- the addition of a new party to the loan facility (but not changing the land ownership)
- the transfer of a loan facility to a new party (but not changing the land ownership)
- the transfer of a land title releasing an owner
- retirement/appointment of a trustee (when no new mortgage is required)
$10
Registrations affecting land titles fee
When you request one of the following that affects the land title:
- Deposit of unit plan
- Easement
- Encumbrance
- Subdivision or cross lease (with no new mortgage required)
- Variation of lease
$10
Priorities fee
When you request one of the following:
- changes to the Memorandum of Priority
- registration of subsequent charges
- deeds of priority or subordination
$10
Settlement statement fee
When we receive a request from your solicitor for a settlement statement as part of releasing your mortgage.
$10
Urgent request fee
Urgent requests incur an additional fee. You can make an urgent request for the following:
- Change parties to loan agreement or owners on title
- Registrations affecting land titles
- Priorities
- Settlement statement
$25 per request
Early Repayment Adjustment (ERA) cost
When you have a business loan on a fixed interest rate and you decide to do one of the following:
- move onto the variable interest rate or another fixed interest rate or change your fixed rate period
- pay back your loan during a fixed interest rate period
- make a lump sum payment
This amount varies. Please talk to your Relationship Manager for more details or contact us on 0800 272 222 from 8:30am to 5:00pm, Monday - Friday
Local body rates demand notice fee
Charged if we have to make a rates payment on your behalf.
$20