‘I need funds to expand my business’

Customer challenges

They need funds for business or personal reasons.
They could be self-employed for a short period of time or their previous years’ financials don’t tell the full story
May not have their most recent financials or tax returns completed
They may have a business loan or other debt they want to consolidate to lower their monthly repayments

	Prime	Near Prime	Specialist	Specialist+
Max loan amount*	$2m $1.5m		$1.5m	$1.25m
Max LVR*	80%	80%	80%	80%
NZBN	24 months	12 months
Debt consolidation	$100,000 of unsecured debt	Unlimited, including tax debt, business debt or privately funded loans
Cash out	$500,000 <75% LRV; $100,00 >75% LVR		Up to $200,000
Defaults/judgements	Ignored if paid up to $500	Up to $1000 or over 24 months ignored	Up to $1000 or over 12 months ignored	Up to 2 over $1000 in the last 12 months ignored
Mortgage Arrears	Up to 14 days	Less than 1 month	Less than 2 months	Less than 3 months
Discharged bankruptcy		Acceptable if more than 2 years	Acceptable if more than 1 day

*Subject to location, LVR and product selected