Westpac Business Loan

Get the business finance you need to grow and prosper. Westpac has a great variety of the very best business loans in New Zealand!

They have been specializing in short-term loans to long-term loans to help thousands of Kiwi businesses to become financially secure and succeed since 1861. Access a wide range of products and services designed and tailored to your business.

Enjoy transparent, enthusiastic, and second to none customer service when you apply with them as they care about the business industry of New Zealand and will go the extra mile to assist you in succeeding with your venture.

They have been working and supporting local communities across the country for many years, helping individuals and businesses to reach their goals and realize their innovative ideas.

Start-up business loans NZ 

Whether you have a great business idea or maybe you already have a successful business that you would like to expand, they have the business finance you need. You can replace your equipment, expand your business or manage your cash flow through a range of finance options such as Business Term Loans, Business Overdraft, and Equipment Finance.

Choose between the following payment options, this can be for a floating rate or fixed rate business loan:

• A table loan where you can evenly spread your repayments over the term of the loan.
• A reducing loan where you can gradually reduce your repayments over the loan term.
• An interest-only loan where you choose to only repay the interest portion of the loan until the interest-only period ends.

Borrow a minimum of $3,000 over a term suitable to you.

You have the opportunity to adjust your repayment terms, pay lump sums at any time, or completely pay off the loan early. This will be at a floating interest rate that increases or decreases in line with the market.

You can also choose a fixed interest rate if you borrow a minimum amount of $10,000 over a fixed term. With this business loan, you can also make lump-sum payments, but with minimum amounts of $10,000, early payments might be subject to an additional charge.

Access extra money when you need it

Access a minimum limit of $500 up to a maximum limit subject to what you can qualify for. You can also apply for a temporary extension when required. With a business overdraft, you can easily manage your cash flow needs with convenience and confidence. Repayments can be made when it suits you best as you will have complete flexibility. They allow you to reduce your overdraft amount at any time.

Ways to finance a business purchase 

Get the funds you need to buy the needed vehicles, laptops, machinery, and more! In most cases you will be able to use your new asset as security for the loan, this means very low-interest rates. You can also conveniently spread the loan over the economic lifespan of the asset. These loans are designed for sole traders, small to medium businesses, or farms wanting to finance $500,000+ of assets depending on what you qualify for.