Features of a committed cash advance facility

Certainty of funding

Draw down multiple loans, up to your facility limit, without separate credit approval and documentation each time. Your facility can be available for up to three years at a time depending on credit approval.

Choice of terms

Each loan can have a fixed term from one to 365 days, it’s up to you, which means you can time loan repayments for when you’re expecting cash flow into your business.

More flexibility

Your facility is not locked into one rate for years at a time; you can draw down each loan at a fixed interest rate for the term of that loan.

Payment intervals

Interest payments are spread over the term of your loan at 90-day intervals. If a loan is for less than 90 days, you’ll pay the interest when you repay the loan at the end of its term.

Rates and fees

  • The current 1 month Business Basis Premium is -1bps^
  • The current 2 month Business Basis Premium is 0bps^

Our interest rates are tailored to suit your business and its borrowing needs. Rates are subject to BNZ’s lending criteria and terms and conditions, and will also depend on a number of other factors such as the term of your loan and the amount you wish to borrow.

View our fact sheet for more information on Business Basis Premium PDF 34KB 

To find out about interest rates, send us an enquiry or get in touch with a BNZ Partner.

^These rates will update automatically for existing accounts on Monday 6 January 2025, however, the new rates won’t be updated on this page until Monday 13 January 2025. If you need the new rates (effective 6 January 2025) during this time, phone 0800 275 269.