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Business and rural overdrafts

With an overdraft, your business can borrow up to a set limit, and repay and redraw funds at any time within your credit limit. It's a great way to manage everyday cash flow and ensure you have ready funds available to take advantage of opportunities.

Benefits at a glance

  • A convenient way to manage day-to-day spending.
  • Draw down and repay funds at any time, within your credit limit.
  • Cover for unexpected expenses.
  • Be cash-ready when opportunity knocks.

Is it right for my business?

An overdraft could be a suitable option for businesses and farms of all sizes with short to medium term cash needs. With an overdraft you have the funds on hand to manage those ups and downs in your cash flow, but you only pay interest on what you use.

If you need access to more substantial ongoing funds talk to us about a Revolving Credit Facility or a Committed Cash Advance Facility.

Key features

A credit limit designed for you

Limits start as low as $500 and can be tailored to suit your needs.
 

You call the shots on repayments

With an overdraft you can decide to pay just the interest or make a lump sum payment to reduce the balance. The choice is yours provided you stay within your credit limit.

Access your funds anytime

Get access to your funds anytime with online and phone banking, ATMs or by visiting your local branch.

Change your limit over time

As your needs change, you might want your credit limit to do the same. If you want to extend or reduce your limit you can get in touch with us to sort it out. 

Next steps

Talk to an expert

Our business and rural managers can help you choose the right products and services for your business.

Find an expert

Enquire online

Tell us about your business and how we can help, and one of our team will get back to you.

Enquire now

Visit a branch

Visit us at one of our many branches across New Zealand.

Find a branch

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Revolving credit facility

A revolving credit facility is like a complete banking package that provides an all-in-one cheque account, call account (savings), overdraft and lending facility. We have three options you can consider, depending on your needs.

Term loan

A loan for whatever you need, whether that's buying a business, equipment or making your next strategic investment.

Asset finance

Buy, replace or refinance assets while using them as security for the loan.

ASB’s lending criteria and terms apply. Establishment, Line and Undrawn fees may apply.
Specific terms and conditions apply for the products and services referred to on this page.
Business and Rural interest rates and fees.

Business and rural loans Business and rural overdrafts