Terms and Conditions

8 week no repayment period offer available to new and existing approved customers on a new or refinanced Small Business Loan approved and settled between 1 February and 31 March 2021 (inclusive). There will be an initial 8 week no repayment period during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the no repayment period (8 weeks) and interest will accrue from the loan settlement date until the end of the term. At the end of the 8 week no repayment period, regular fixed daily or weekly repayments will commence comprising of principal and interest.

 

The interest that accrued on the loan during the no repayment period is capitalised and included in the total interest expense and forms part of the regular fixed daily or weekly repayments due on each payment date following the end of the no repayment period. Offer only available to businesses established and operating in New Zealand. Offer not available in conjunction with any other offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.