# ANZ business loans: rates, criteria and how to apply

> ANZ lends to New Zealand businesses over 6 months to 5 years, and you can apply online through goBiz for up to $500,000. See who can apply, how the rates work and how ANZ compares.

By Jason Dark, last checked 2026-11-06. Part of [Lenders](https://smallbusinessloan.co.nz/lenders) on Skipper.

## The short version

- ANZ business loans run from 6 months to 5 years, at a fixed rate, a floating rate or a mix of both.
- Through goBiz you can apply online for up to $250,000 unsecured or $500,000 secured, including anything you already owe ANZ.
- goBiz is for businesses that have operated for at least 2 years and use MYOB or Xero. Other businesses apply by phone.
- The floating rate is a base rate plus a margin ANZ sets for your business.

## Is an ANZ business loan right for your business?

An ANZ loan suits an established business that uses MYOB or Xero and wants a longer term at a bank rate. If your business is less than 2 years old, you can still apply by phone. ANZ says it lends to start-ups for set-up costs like equipment or technology.

## What ANZ lends

| Product | Amount | Term | Who qualifies | Security | Speed | Cost |
| --- | --- | --- | --- | --- | --- | --- |
| Business loan (online through goBiz) | Online: up to $250,000 unsecured or $500,000 secured in total, counting what you already owe ANZ | 6 months to 5 years | Online: at least 2 years in business, an active MYOB or Xero account and a key decision-maker who is an NZ citizen or permanent resident. Newer businesses can phone ANZ | Secured or unsecured; ANZ considers business assets and residential property | A banker calls within five working days of your online application | Fixed or floating; floating is a base rate plus a margin; lump sums on floating loans are free, and break fees can apply on fixed loans |

## Who can apply online

To use goBiz, you must be an NZ citizen or permanent resident and a key financial decision-maker for the business. Your business must have operated for at least 2 years and have an active MYOB or Xero account. goBiz pulls the last two financial years from your accounting software, and an ANZ banker calls within five working days. If you don't meet these criteria, call ANZ on 0800 269 249.

## ANZ business loan rates

ANZ's floating rate is its base rate plus a margin it sets for your business, so the base rate on its website isn't the rate you'll pay. For fixed rates, you'll need to call ANZ. On a floating loan you can make lump sum payments at any time for no fee. If you change a fixed loan during the fixed period, you may have to pay an early repayment recovery, also called a break fee. The [business loan calculator](https://smallbusinessloan.co.nz/tools/business-loan-calculator) shows the repayments at any rate.

## How ANZ compares

[BNZ](https://smallbusinessloan.co.nz/lenders/bnz)'s QuickBiz takes sole traders as well as companies, for $5,000 to $100,000 with 12 months of accounts. [Kiwibank](https://smallbusinessloan.co.nz/lenders/kiwibank)'s Fast Capital gives a decision in minutes but only lends to limited companies. Online lenders like [Prospa](https://smallbusinessloan.co.nz/lenders/prospa) decide quickly and don't need 2 years of trading, but they usually cost more.

These details come from ANZ's New Zealand website, checked on 6 November 2026.

## Common questions

### What is ANZ's business loan interest rate?

ANZ publishes a floating base rate and adds a margin for each business. It quotes fixed rates by phone. The rate you get depends on your business, the security you offer and the loan term.

### How long can an ANZ business loan last?

From 6 months to 5 years.

## Sources

- [ANZ: Business loans](https://www.anz.co.nz/business/lending/loans/)
- [ANZ: goBiz](https://www.anz.co.nz/business/lending/gobiz/)