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  1. #11
    Join Date
    Apr 2004
    Posts
    763

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    From my small time commercial lending sub 1mill I was told by my business banker that while I have residential or the like equity I can secure Res rates ie 4% etc but unsecured commercial lending would be around 2% higher on average aka 7% floating .. I have spoken with the likes of SBS BNZ and their rates are even high 9% ?????

  2. #12

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    Depends on the deal. Bnz seem a bit tight on commercial at the moment. Anz are doing 6%

  3. #13
    Join Date
    Apr 2004
    Posts
    763

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    Quote Originally Posted by nick000 View Post
    Depends on the deal. Bnz seem a bit tight on commercial at the moment. Anz are doing 6%
    Yes has changed a lot over the last few months if I could come up with 50% equity I could get low 4% Commercial rates 1-2yr fixed term etc

  4. #14
    Join Date
    Jun 2004
    Posts
    10,367

    Default

    Quote Originally Posted by King13 View Post
    Thanks, Rosco.

    We've just continued with this over time as it allows adjustment with cashflow. But with the lower interest rates, it may be time to fix.
    You may need to structure the loans - split into at least 2 - one fixed and one floating to cater to the cash flow.

  5. #15
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    793

    Default

    BNZ floating commercial is now 3.86pc

  6. #16
    Join Date
    Apr 2009
    Posts
    944

    Default

    No Bank will offer same commercial rate to all Commercial clients.
    The commercial rates are calculated based on the clients Risk/security/profitability profile so it varies always.


 

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