Loans & Advances


Home Loan

Features:

Purpose:

For Purchase of New House , Construction, Investment & Take over from other Bank.

Limit:

Maximum up to NZD 2 million

Rate of Interest:

5.25% Floating (2% below Bank Base Lending Rate**) (Interest Rate changed w.e.f. 01.01.2016)

Period:

Up to 25 Years

* T & C apply

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Personal Loan for Salaried Employees *

Features:

Purpose:

 For Employees of  Government, Quasi Govt, Public Sector Undertaking, Corporate etc or any reputed organization in New Zealand.

Condition:

Annual income  NZD30,000  and above.

Person must maintain satisfactory  salary account with BOB (NZ) Ltd.

Limit:

  • 5 times of gross monthly salary or NZD 50,000, whichever is lower.

Repayment Period:

Maximum 36 months

Rate of Interest:

4% to 7% above Bank Base Lending Rate**

* T & C apply

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Business Loan *

Features:

Purpose:

Working capital facility for day to day  operations. Term loan for capital expenditure such as Plant and Machinery and other fixed assets.

Facility :

Overdraft /Term Loan / Letter of Credit/Bank Guarantee

Limit:

Up to 2.5 million

Rate of Interest:

0 to 4% over Bank Base Lending Rate **

Margin:

15% to 35% depending upon value of other collateral security

Period:

Overdraft facility  12 months , renewable thereafter

Term Loan not excedding 84 months subject to annual review.

* T & C apply

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Scheme for financing retail traders:

Features:

Purpose:

Business needs both  short term and long term

Facility:

Term Loan & working capital requirements

Limit:

Up to 1 million

Rate of Interest:

0 to 4% over Bank Base Lending Rate**

Margin:

5% to 30%

Period:

Repayble on demand, subject to annual review for working capital limits;  For term loan not exceeding 60 months subject to annual review

* T & C apply

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Loan/Over Draft against property *

Features:

Limit:

Maximum  up to 1 million

Subjected to 36 times  of gross monthly salary for salaried class & up to 3.5 times average annual income for self-employed.

Rate of Interest:

Variable rate of interest

Period:

Over Draft 12 months, Term Loan 84 months

* T & C apply

** Bank Base Lending Rate 7.25%

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Loan/Over Draft against deposits

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