Business term loans
We have term loans to suit your medium to long term business finance needs. Choose from variable or fixed interest rates, or split your loan between variable and fixed to balance flexibility and security.
Benefits
Your choice of loan type
Retain repayment flexibility with a floating-rate loan. Or get protection against interest rate fluctuations with a fixed-rate loan. If you want the best of both, we can arrange to split your loan.
Make it short-term or long-term
Loans are available from six months and up to five years.
Flexible repayments
We have various repayment options available. If you have a floating-rate loan, you can make lump sum payments at any time for no fee (fees may apply to lump sum payments on fixed-rate loans).
Loan types
Fixed-rate business loan
Budget with certainty – know exactly how much your repayments will be by fixing your rate for a set period.
An Early Repayment Recovery fee may apply if you make changes during the fixed rate period. Other fees and charges may apply, see Business or
Agriculture rates, fees and agreements.
Floating-rate business loan
Make extra repayments whenever it suits you and pay off your loan whenever you like, without charge.
Your interest rate can go up or down with the market and you can switch to a fixed interest rate at any time. Other fees and charges may apply, see Business or
Agriculture rates, fees and agreements.
Structuring your loan
Table loan
Payments stay the same over the term of your loan. At the start of your loan, your payments will mostly cover interest — but you’ll pay back less interest and more principal as time goes on.
Straight-line loan
A set amount of principal is paid off with each repayment, with interest charged separately.
Your payments change if your interest rate changes.
Loan payments are higher to start with, then get lower as the interest you are charged decreases with each principal payment you make.
Interest only loan
Your loan balance doesn’t reduce if you’re making interest only repayments.
Because your repayments only cover the interest you’re charged, at the end of the agreed term the loan needs to be repaid in full or renegotiated.
Rates and fees
The main rates and fees that apply to our various Term Loan products can be found on our rates, fees and agreements pages. If you are an existing customer, refer to your loan agreement, or facility agreement, for the rates that apply.
- Business customers (non-agri) see Business rates, fees and agreements.
- Business agri customers see Agricultural rates, fees and agreements.
Depending on which of our business term loan products you are eligible for, additional fees may apply to our more complex arrangements. Please refer to your loan agreement or contact us on 0800 269 249 to determine what terms and conditions, and rates and fees, apply to you.
Before you apply
As a business owner, you probably want a clear plan to reduce the money you owe in line with, or ahead of, depreciating assets.
Repaying your loan helps you increase your equity in the business over time. So when deciding on a loan, think about how loan repayments fit in with your long-term plans.
Security
Various forms of security may be considered, such as the fixed assets of your business.
How to apply
Call us
General business enquiries
7 days a week, 7.30am to 9pm
Business specialists available
Monday to Friday, 8am - 7pm
Saturday, 9am - 5pm
Sunday, closed
From overseas: +64 9 523 7220
Visit us
Find your local branch and make an appointment to talk to a business specialist.
Related products
ANZ Business overdraft
Get flexible credit for your daily cash flow needs with an overdraft that is linked to your business transaction account.
Agri finance
ANZ lends more money to New Zealand farmers than any other bank – so whatever your aspirations, talk to us. We can tailor a solution for your specific needs from our extensive range of finance options.
ANZ Business Flexible Facility
The working capital solution that is more flexible than a term loan and could be more cost-effective than an overdraft.
Important information
Depending on which of our business term loan products you are eligible for, additional fees may apply to our more complex arrangements. Please refer to your loan agreement or contact us on 0800 269 249 to determine what terms and conditions, and rates and fees, apply to you.
Eligibility, lending criteria, terms, conditions and fees apply. Details are subject to change.
Fees and interest rates are subject to change. Service charges may apply. For more details refer to our Business rates, fees and agreements page.
ANZ lending criteria and fees apply to ANZ Business Overdraft ANZ Business Home Loans and ANZ Business Flexible Facility.
Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.