Business Term Loan
A general-purpose business term loan. Online for smaller; relationship-managed on larger.
- Amount: $10K to multi-million
- Term: 1 to 7 years
- Security: PG, often asset or property
Lender
ASB Business lending overview.
A registered NZ bank with a long-standing SME and rural specialty, particularly in agribusiness and the South Island. Full-service business banking with online and relationship-managed lending paths.
Visit ASB Business Last reviewed 5 May 2026
Indicative repayment
Weekly
$958/week
$4,152 /month $49,100 total interest
$200,000
$5,000 $500,000
5 years
6 months 5 years
9.00% p.a.
8% (secured) 30% (unsecured)
Indicative only. Not a quote or offer of credit. Actual rates, fees, and repayments depend on the business profile and the lender's decision.
Sending to Prospa
Your $200,000 scenario
5 years at 9.00%. Prospa will ask a few quick questions, then provide a firm quote and funding if eligible.
Redirecting…
Educational
Indicative only. Why we say this
Quick answer
What to know about ASB Business lending.
- Registered NZ bank ASB Bank is a registered NZ bank supervised by the Reserve Bank of NZ. Wholly owned by Commonwealth Bank of Australia.
- SME and rural strength Particularly recognised in agribusiness and South Island farming. Long-standing relationship-banking model.
- Full-service commercial Overdrafts, term loans, commercial property, asset finance, agribusiness, working-capital facilities, trade and FX.
- Lower-priced where eligible Indicative bands typically 7% to 14% on standard business products.
Lender overview
A major NZ bank with deep SME and rural roots.
ASB Business is the business-banking arm of ASB Bank Limited, a registered NZ bank headquartered in Auckland. ASB Bank is supervised by the Reserve Bank of NZ and is a wholly-owned subsidiary of Commonwealth Bank of Australia. ASB has been a fixture of the NZ banking market since 1847.
On the business side, ASB is widely recognised for its SME and rural positioning, particularly visible in agribusiness lending across NZ farming districts and a strong South Island presence in the dairy, sheep-and-beef, horticulture, and viticulture segments.
ASB sits in the NZ market as a relationship-led major bank with a slightly different shape from ANZ. The credit framework is comparable to other major banks, but ASB has historically been seen as accessible to mid-sized SMEs and farming families.
Position
Major NZ bank
Loan range
$10K to multi-million
Specialty
SME, rural, South Island
Type
Registered NZ bank
Product range
ASB Business's NZ commercial lending products.
Business Overdraft
A revolving working-capital facility on the business transaction account. Reviewed annually.
- Limit: $5K to $1M+ typical
- Term: Revolving, annual review
- Security: PG, often asset or GSA
Commercial Property Loan
A loan secured against commercial real estate for purchase, refinance, or business expansion. ASB has a substantial commercial property book.
- Amount: $250K to multi-million
- Term: Up to 25 years
- Security: Commercial property
Rural and Agribusiness Lending
A long-standing ASB strength, particularly visible in South Island dairy, sheep-and-beef, horticulture, and viticulture.
- Amount: Tailored
- Term: Cycle-aligned and term
- Security: Farm, livestock, GSA
Asset Finance
Equipment, vehicle, and machinery finance with chattel mortgage as the typical structure.
- Amount: $25K to multi-million
- Term: 1 to 7 years
- Security: The asset
Trade Finance and FX
Trade finance, invoice and debtor facilities, and FX hedging products for NZ importers, exporters, and businesses with offshore supply chains.
- Amount: Tailored
- Term: Trade-cycle aligned
- Security: Receivables, GSA
Indicative pricing
Where ASB Business prices on each product.
| Product | Indicative rate band | Common term | Security |
|---|---|---|---|
| Business Term Loan | 8% to 13% p.a. | 1 to 7 years | PG, often asset or GSA |
| Business Overdraft | 11% to 15% p.a. | Revolving | PG, GSA |
| Commercial Property Loan | 7% to 10% p.a. | Up to 25 years | Commercial property |
| Rural / Agribusiness Term | 7% to 10% p.a. | Term and seasonal | Farm, livestock, GSA |
| Asset Finance | 8% to 12% p.a. | 1 to 7 years | Asset (chattel mortgage) |
| Business Visa Card | 17% to 22% p.a. | Revolving | PG |
Where it fits
Where ASB Business fits on a NZ business loan shortlist.
ASB Business often suits
- Rural and agribusiness borrowers, particularly in South Island districts where the regional rural-banking footprint is historically strong.
- Established SME borrowers seeking lower indicative pricing on a like-for-like commercial loan.
- Commercial property purchase, refinance, or business-expansion lending.
- Mid-market borrowers needing structured trade, working-capital, or FX hedging products.
- Borrowers wanting a registered NZ bank counterparty supervised by the RBNZ.
Where to look elsewhere
- Same-day or next-day unsecured working-capital funding under $150K.
- Newer businesses (under 12 months trading).
- Online-first SME borrowers wanting a fully self-service path.
- Smaller asset purchases under $50K through dealer channels.
- Specialised invoice or debtor finance at SME-scale.
Editorial-only disclosure
This page is independent editorial.
Businessloans.org.nz is not affiliated with ASB Bank, has no commercial relationship with ASB as at the last reviewed date. Our calculator referral path is to Prospa, disclosed at /partner/. Indicative content only.
References
Sources
- ASB Business: Business banking and lending
Primary product range and indicative positioning reference.
- Reserve Bank of NZ: Registered banks
ASB Bank Limited registered-bank status verified.
- Companies Office: ASB Bank Limited
Public corporate registry record.
- Reserve Bank of NZ: Banking sector statistics
NZ banking sector context for relative bank size and lending data.
- Stats NZ: Agriculture and forestry
NZ agribusiness and rural sector data supporting the rural-positioning observations.
FAQ
ASB Business business lending, questions answered
Who owns ASB Bank in New Zealand?
ASB Bank Limited is a registered New Zealand bank, headquartered in Auckland and supervised by the Reserve Bank of NZ. It is a wholly-owned subsidiary of Commonwealth Bank of Australia. ASB has been a fixture of the NZ banking market since 1847.
What business lending products does ASB offer in NZ?
ASB Business offers the full commercial range, including Business Term Loans, Business Overdrafts, Commercial Property Loans, Asset Finance, Rural and Agribusiness lending, Trade Finance, FX hedging, and Business Visa Cards.
How much can a NZ business borrow from ASB?
Amounts run from $10,000 on small Business Term Loans and Business Overdrafts up to multi-million on relationship-managed term loans, commercial property facilities, and rural lending. The ceiling is set by credit assessment, security profile, and trading position.
What rates does ASB Business charge on commercial lending?
ASB does not publish a single advertised business-loan rate; pricing is set after credit assessment. Standard term loans commonly price in the indicative 8% to 13% range; commercial property and rural term loans toward the lower end at 7% to 10% indicative.
How long does an ASB Business loan application take?
Smaller online Business Term Loan applications can settle within 5 to 10 business days. Mid-market term loans and asset finance commonly take 2 to 4 weeks. Commercial property and larger relationship-managed lending typically takes 4 to 8 weeks.
Is ASB regulated by the Reserve Bank of NZ?
Yes, ASB Bank Limited is a registered bank in New Zealand, supervised by the Reserve Bank of NZ under the Banking (Prudential Supervision) Act 1989.
How strong is ASB in agribusiness and rural lending?
ASB has a long-standing rural and agribusiness book, particularly visible in South Island farming districts (South Canterbury, Otago, Southland) and in dairy, sheep-and-beef, horticulture, and viticulture. Rural lending is widely considered one of ASB's structural strengths.
What documents does ASB require for a business loan?
A typical major-bank documentation set: 2 years of annual financial statements, 6 to 12 months of business bank statements, debtor and creditor ageing reports, a cash-flow forecast, property valuations on property-secured loans, livestock and stock-class detail on rural lending.
Is ASB Business loan interest tax deductible in NZ?
Interest on a business loan from ASB is generally deductible against business income where the loan is used for business purposes, subject to the accountant's confirmation.
How does ASB compare to alternative NZ business lenders?
ASB typically offers lower indicative pricing on like-for-like applications, particularly on secured term lending, commercial property, and rural lending. The trade-off is a slower application path, narrower credit appetite, and heavier documentation requirement.
Can ASB refinance an existing business loan from another lender?
Yes, ASB accepts refinance applications across term loans, asset finance, rural lending, and commercial property. Common triggers are credit-profile improvement, a rate-cycle move, consolidation of multiple loans, or a relationship move into ASB.
What happens if an ASB business loan goes into default?
On default, ASB's remedy depends on the security structure. On secured products the bank recovers under the registered security interest. On unsecured products the personal guarantee is the recovery mechanism. Persistent non-payment moves to formal default and credit-file marks.
Related
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