Business loan questions, answered

Loanster is a New Zealand business finance toolkit and enquiry service. We publish a loan library, free tools and guides, and our lending specialists find property-secured loans, unsecured loans and lines of credit for business purposes.

Sole traders, companies, partnerships and trusts operating in New Zealand. The funding must be for a business purpose.

No. Enquiring is free, takes about 60 seconds and doesn't affect your credit score.

A lending specialist calls you back to talk through what the funding is for, how much you need and the realistic options. You decide whether to proceed.

No. Loanster only helps with business-purpose lending — not personal, household or consumer borrowing.

No. Loanster works with lending partners to find funding options for New Zealand businesses.

Property-secured business loans run from $20,000 up to $1m.

New Zealand property owned by you or a supporting party: a home, rental or investment property, commercial property or land.

Yes. The business loan can be a second mortgage behind your existing lending, as long as there's enough equity. Try the equity estimator.

Not for the initial assessment of a property-secured loan.

Bad credit, defaults and arrears are considered case by case.

In some cases, within 24 hours of approval.

Yes. Unsecured business loans and lines of credit are assessed on your turnover and bank statements, usually for businesses trading six months or more.

It depends on your turnover and what your bank statements show — deposits, consistency and how the account is run.

Sometimes the same day, especially when bank statements can be shared electronically.

Yes, weaker credit is considered. Current business performance carries a lot of weight.

A loan pays a lump sum repaid on a schedule. A line of credit is a limit you draw, repay and redraw — handy for recurring cash-flow swings.

Yes. With a property-secured loan, IRD debt can be refinanced or paid out. Unsecured funding can also be used for tax. See IRD tax debt funding.

It's worth considering. Inland Revenue can agree to let you pay tax debt over time. A loan can suit better when you need other funding too, or IRD's terms don't fit your cash flow. Our IRD debt guide compares the options.

Every loan is priced on your individual circumstances — route, security, amount, purpose and repayment plan. We look for the sharpest option available for your situation rather than quoting a generic rate.

Short to medium term. Your specialist will match the term to what the funding is for and how it will be repaid.

Many loans allow it, but conditions vary by lender. Ask for early repayment terms in writing before you sign.

Yes. All four tools are free and don't ask for your email.

No. The calculations run in your browser and nothing is stored or sent.

No. It's an estimate using an illustrative LVR. Lenders confirm value and set their own limits by property type and location.