Business Loan Interest Rates

Business finance designed for NZ small businesses

If you need a quick loan to take advantage of a once-in-a-lifetime growth opportunity, for working capital or to give your cash flow a boost, a Prospa business loan may be just what you need. Borrow between $5,000 and $150,000 over terms from 3 to 24 months with no asset security required to access up to $100,000. Our fast business loan online application takes as little as 10 minutes, you get a quick decision and, if approved, funding is possible in 24 hours. Easy.

Designed especially for the needs of small businesses in New Zealand, Prospa’s fast business loans have repayments that work in with your cash flow cycle. Know where you stand from the start with a Prospa business loan – including interest rates, terms and details about your repayments. Get in touch with our friendly team of NZ small business loan experts to discuss your business finance needs today.

Fast

Apply online in 10 minutes
with funding possible in 24 hours.

Flexible

Borrow between $5,000 and $150,000 with loan terms from 3 to 24 months and cash flow friendly repayments.

No assets? No worries.

There’s no security required to access up to $100,000.

Helpful

Deal with a dedicated Prospa loan specialist from application until funds hit your account.

How do you plan to improve your business?

Prospa small business loans offer a practical funding alternative for NZ businesses without the fuss associated with banks and other traditional lenders. Fixed interest rates mean you’ll know what your repayments are up front over the entire term, and there are no fees for early repayment. Talk to us about how we help you achieve your next goal.

Small business loans are great for:

  Business renovations

  Purchasing new or updated equipment/software

  Improving infrastructure

  Expanding your stock levels/range

  E Office or showroom renovations

  Much more

Frequently asked questions

What is a normal business loan interest rate?

This is a common question, but business loan interest rates in New Zealand vary due to many factors. These include the type of facility (business loan, equipment loan, business overdraft, line of credit, credit card etc), the amount borrowed, what business assets the funds will be used for, whether the funds are unsecured or secured, whether it is a fixed rate or variable rate, and factors such as the industry the business operates in, how long the business has been running, whether the business has sufficient cash flow to support the loan, and the overall ‘health’ or creditworthiness of the business. There are loan calculators available online, but it’s best to talk to our friendly customer service team to see how they can help you get the best business loan interest rate for your NZ business. We’ve helped businesses across the North Island and the South Island with funds to grow and for cash flow support – we could help your business too.

Talk to an expert today

If you’re ready to understand your borrowing options get started here, or call us at 0800 005 797 and a business lending specialist will help you with any questions.