Can I repay my business loan early or make lump sum payments on my business loan?
Yes you can. If you have a variable interest rate you can increase your payment amounts, make extra lump sum payments and even pay off the entire loan early anytime you want, all without any cost.
If you are on a fixed rate loan, you can repay the loan before the fixed interest period ends, however you may be liable for early repayment adjustment fees.
In some circumstances, and depending on the type of loan, then that might be an option. You’ll need to show ...
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How do the new Reserve Bank of New Zealand (RBNZ) rules applying to Auckland property investment affect me?Following a proposal by the Reserve Bank of New Zealand (RBNZ) on Loan to Value Ratio (LVR) restrictions in July ...