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Business and rural loan interest rates and fees

Interest rates

Business and Rural variable base rates Rate
Business base rate
Rural base rate
Floating base rate
Corporate Indicator Rate

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. An establishment fee of up to 1.00% may apply. Interest rates are subject to change at any time.

Housing variable base rate business lending Rate
Housing Variable

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. A loan processing fee of up to 1.00% may also apply. Interest rates are subject to change at any time

Fees

Account and Service fees and charges

Some business and rural accounts and facilities may incur other Account and Service fees and charges

See our guide to business banking fees for more details.

Establishment fee

When you arrange for a new business or rural loan/facility a fee may be charged.

Up to 1.00% of the approved limit. Minimum $25.00

Switch fee

When you switch your loan to or from a fixed interest rate. Also commonly referred to as a Refix fee.

Monthly overdraft facility fee

(Arranged overdrafts).

0.12% of the limit or the highest daily overdrawn balance, whichever is the greater. Minimum $5.00

Flexible Finance Facility undrawn fee

This facility is subject to an undrawn fee payable monthly on the difference between the average balance and the overdraft limit. If your facility has an average credit balance for the month, the undrawn fee will be charged on the full overdraft limit. Minimum fee is $5.00 per month. Minimum overdraft limit is $50,000.

p.a.

Rural Credit Facility undrawn fee

This facility is subject to an undrawn fee payable monthly on the difference between the average balance and the overdraft limit. If your facility has an average credit balance for the month, the undrawn fee will be charged on the full overdraft limit. Minimum overdraft limit is $500,000.

p.a.

Line fee

A facility fee calculated based on the facility limit (line of credit) irrespective of any utilisation of the facility.

p.a.

Personal Property Security Registration (PPSR) fee

When we register a security (other than a mortgage) when lending money to you.

per security

Copy of loan history fee

When you request a copy of your loan history held by ASB.

per loan

Copy of loan agreement or supporting documents fee

When you request a copy of your loan agreement or any other documents supporting your loan application held by ASB.

per item

LINZ search fee

When a copy of your title is required.

per title

Alterations to security fee

When you request one of the following: 

  • the partial release or substitution of the security property
  • 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

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)

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

Priorities fee

When you request one of the following:

  • changes to the Memorandum of Priority
  • registration of subsequent charges
  • deeds of priority or subordination

Settlement statement fee

When we receive a request from your solicitor for a settlement statement as part of releasing your mortgage.

Release of repaid mortgage fee

When you have repaid your business or rural loan in full and the mortgage needs to be released.

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
per request

Early Repayment Adjustment (ERA) cost

When you have a business or rural 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
  • pay back your loan during a fixed interest rate period
  • make a lump sum payment (we currently allow a minimum of $1,000)

This amount varies. Please visit your nearest ASB branch or talk to your Relationship Manager for more details.

Early Repayment Adjustment administration fee

When you decide to break your fixed interest rate for any of the above reasons.

Local body rates demand notice fee

When we have to write to you due to a failure to make payment of your local body rates.

Plus an additional charge will be incurred if we have to make a rates payment on your behalf.

Loan demand fee

When we have to write to you due to the preparation of a formal demand for the repayment of your outstanding debt.

Monthly unarranged overdraft fee

When you default on your business or rural loan and the deduction account is overdrawn (exceeding $20.00) in excess of an agreed overdraft limit or there is no arranged overdraft in place.

0.12% of the highest daily overdrawn balance. Minimum $10.00

 Rates and Fees are current as at
 Rates and Fees are subject to change at any time.

Business and rural loans Business and rural loan interest rates and fees