Help & Support

  1. Business
  2. Help and support
  3. Internet Banking for Business
  4. Customised Average Rate Loan (CARL)
  5. Repaying or redrawing accounts

Repaying or redrawing accounts

You can repay your CARL loans in Internet Banking for Business, as well as redraw your variable (floating rate) loans^. Follow these steps or use the downloadable guide PDF 727KB.

Repaying a loan 

  1. From the Account Summary screen, under the Loans heading, select an account^.
  2. From the left-hand menu, select Account Details. 
  3. Click Select Account and choose a CARL account. 
  4. Click Repay. A pop-up box will appear.
  5. Select the account you want to repay from.
  6. Enter the amount you want to repay.
  7. Enter a date for the repayment.
  8. Click Send Request (once sent, this cannot be changed).
  9. A confirmation message will be displayed. To print or save the details as a PDF, click Print request details.

Redrawing a loan 

  1. From the Account Summary screen, under the Loans heading, select an account^.
  2. From the left-hand menu, select Account Details. 
  3. Click Select Account and choose a CARL account. 
  4. Click Redraw. A pop-up box will appear.
  5. Select the account you want to redraw to.
  6. Enter the amount you want to redraw.
  7. Enter a date for the redraw.
  8. Click Send Request (once sent, this cannot be changed).
  9. A confirmation message will be displayed. To print or save the details as a PDF, click Print request details.

To reduce a loan limit, contact your BNZ Relationship Manager^.