BNZ Business lending overview.

BNZ's NZ business lending range covers QuickBiz (online unsecured up to $150,000), business term loans, business overdrafts, asset and equipment finance, commercial property mortgages, trade finance for importers and exporters, invoice finance, and the BNZ Partners mid-market relationship-banking book. Most products are accessible to NZ businesses with an established trading history (commonly 2+ years) and consistent monthly turnover.

BNZ QuickBiz is an online unsecured small-business loan product, commonly up to $150,000 with terms typically 1 to 5 years. The application is fully online via bnz.co.nz, supported by an accounting-software connection (Xero or MYOB) for cash-flow data. Eligibility commonly includes established NZ trading history, GST registration, consistent monthly turnover, and a director willing to provide a personal guarantee. Final eligibility is set by BNZ's assessment.

BNZ QuickBiz is commonly capped at $150,000 unsecured. Above that, relationship-managed term loans run from a few hundred thousand to multi-million dollars depending on the security, business profile, and structure. Commercial property mortgages, asset-finance lines, and BNZ Partners mid-market facilities can stretch into the tens of millions on the right covenant package.

BNZ does not publish a single advertised business-loan rate; pricing is set after credit assessment. Commercial property mortgages commonly price in the indicative 7% to 10% range because security is real estate. Asset finance and standard term loans typically run 8% to 13% indicative depending on security and term. QuickBiz prices higher because it is unsecured, commonly 11% to 17% indicative. Actual rates depend on the lender's assessment.

BNZ QuickBiz is structured for faster decisions, commonly within 1 to 3 business days when the accounting-software connection is in place. Relationship-managed lending (term loans, commercial property, asset finance over $150K, BNZ Partners mid-market) typically takes 2 to 6 weeks from initial enquiry to settlement, with longer windows on commercial property and structured deals where valuation and legal documentation are involved.

BNZ generally lends to NZ businesses with an established trading history, commonly 2+ years, with consistent monthly turnover and clear financial reporting. Pre-revenue startups and very recently incorporated businesses are typically outside major-bank credit appetite, with alternative lenders or specialist startup-finance pathways being more common. Some BNZ Partners agribusiness situations accept new entities backed by experienced operators with a strong asset base.

No, BNZ accepts business loan applications from non-customers. QuickBiz is designed for NZ businesses without an existing BNZ banking relationship and typically requires opening a BNZ transaction account on settlement. Relationship-managed lending often runs alongside opening a BNZ business banking package, which the bank tends to encourage as part of the broader relationship offering.

On a chattel mortgage structure used to fund a depreciable asset, the GST component on the asset purchase is generally claimable in the GST-registered business's next GST return because the borrower takes title at purchase. On a finance lease, the GST is typically claimed across each lease payment instead. Treatment is general in nature and subject to the accountant's confirmation on the specific business position.

BNZ sits inside the NZ major-bank cluster alongside ANZ, ASB, and Westpac. On like-for-like applications, indicative pricing across the four is broadly similar, with differences typically driven by specific covenant structures, sector specialisation, and the relationship banker's discretion. BNZ is widely regarded as one of the stronger major banks for mid-market relationship banking via BNZ Partners and for the QuickBiz online SME path.

A standard BNZ relationship-managed business loan application typically includes 12 to 24 months of profit and loss statements, balance sheets, last 6 to 12 months of business bank statements, a cash-flow forecast for the loan period, GST returns where applicable, director ID, NZBN, and director consent for credit check. Commercial property applications add a registered valuation; complex deals can add a quantity-surveyor report or independent business review.

Yes, BNZ accepts refinance applications across term loans, asset finance, and commercial property mortgages. The refinance structure typically pays the existing lender directly. Common triggers include credit profile improvement after 12 to 24 months of clean repayments, a rate cycle move, consolidation of multiple loans, or moving from an alternative lender to a major-bank rate after the business has matured. Early-repayment fees on the original facility are the main consideration.

Yes, BNZ is a registered bank in New Zealand, supervised by the Reserve Bank of NZ under the Banking (Prudential Supervision) Act 1989, with stricter capital adequacy and prudential requirements than non-bank deposit takers or alternative lenders. BNZ is part of the NAB Group, which is listed on the Australian Securities Exchange (ASX:NAB) with the associated public-disclosure obligations.

On default, BNZ's remedy depends on the security. On asset finance, the bank can recover the asset under the registered PPSR security interest. On commercial property mortgages, the mortgagee-sale process under the Property Law Act 2007 is the mechanism. On unsecured QuickBiz facilities, the personal guarantee against directors is the primary recovery route. Persistent non-payment moves to formal default and credit-file marks. Working with the BNZ business banker early on a temporary cash-flow setback is widely the cleaner outcome for both sides.