# Kiwibank business loans: Fast Capital review

> Kiwibank's Fast Capital lets New Zealand companies apply online for $5,000 to $1 million and get a decision within minutes. See if you qualify and how it compares.

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

## The short version

- Fast Capital covers $5,000 to $1 million as a loan, overdraft, credit card or asset finance.
- Only directors of New Zealand limited companies can apply. Sole traders, partnerships and trusts can't.
- Your business needs Xero or MYOB with at least 12 months of up-to-date accounts.
- Kiwibank emails you a decision within five minutes.

## Is Kiwibank Fast Capital right for your business?

Fast Capital suits a limited company with at least a year of tidy accounts in Xero or MYOB that wants a quick decision from a bank. Kiwibank takes your figures straight from your accounting software, so there's little to fill in. You don't have to bank with Kiwibank to apply. If you're a sole trader, look at [BNZ](https://smallbusinessloan.co.nz/lenders/bnz)'s QuickBiz instead. For new businesses, Kiwibank has a separate StartUp+ offer.

## What Kiwibank lends

| Product | Amount | Term | Who qualifies | Security | Speed | Cost |
| --- | --- | --- | --- | --- | --- | --- |
| Fast Capital | $5,000 to $1 million, as a loan, overdraft, credit card or asset finance | Business loans run 6 months to 5 years, sometimes longer | Directors of NZ limited companies (not sole traders, partnerships or trusts) using Xero or MYOB with 12 months of up-to-date accounts | Business or personal assets, depending on your circumstances | A decision by email within five minutes; funds usually within a few business days | A rate set for your circumstances (not published); an application fee from $25, and a $250 early exit fee if a loan over 3 years is repaid within 3 years |
| StartUp+ | Up to $150,000 at first, with more as you reach milestones | Not published | Innovative early-stage businesses trading with customers for less than 24 months, with evidence of demand and an accelerator, incubator or past founder experience | No personal assets needed for the first $150,000 | Not published; you start with an expression of interest | Preferential lending terms (rates not published) |

## Who qualifies

Your business must be a New Zealand registered limited company, and you must be one of its directors. It needs to use Xero or MYOB Business (Lite, Pro or AccountRight) with at least 12 months of up-to-date financial data. When you apply, you log in to your accounting software with Standard or Advisor permissions in Xero, or Standard Administrator or Owner permissions in MYOB.

## How the decision works

After you apply, Kiwibank's system works through your accounting data and emails you a decision within five minutes. If you're approved, or Kiwibank needs more information, it gets in touch to agree which kind of borrowing suits your business. Kiwibank aims to give you the money within a few business days, though it can take longer if you're new to the bank.

## What Fast Capital costs

Kiwibank sets your rate based on your situation and the security you provide, and doesn't publish it. The application fee for a loan starts at $25. If your loan runs for more than three years and you pay it all off within three years of drawing it, there's a $250 early exit fee. Fixed rate loans may also have break costs.

## StartUp+ for new businesses

StartUp+ is Kiwibank's lending for early-stage businesses with an innovative product or service. StartUp+ is for businesses that have traded with customers for less than 24 months or are still in early growth. You'll need to show demand for what you sell and have a place in an accelerator or incubator, or past experience growing a business. The first loan can be up to $150,000 without using your personal assets as security, and you can borrow more as you reach milestones. The process starts with an expression of interest.

## How Kiwibank compares

[BNZ](https://smallbusinessloan.co.nz/lenders/bnz)'s QuickBiz also needs 12 months of accounts but takes sole traders, for up to $100,000. [ANZ](https://smallbusinessloan.co.nz/lenders/anz)'s goBiz needs more than 2 years of trading and lends up to $500,000 online. Online lenders like [Prospa](https://smallbusinessloan.co.nz/lenders/prospa) don't need a year of accounts, but they cost more.

These details come from Kiwibank's website, checked on 6 November 2026.

## Common questions

### Can a sole trader use Fast Capital?

No. Only directors of New Zealand registered limited companies can apply. Sole traders, partnerships and trusts can talk to Kiwibank's business banking specialists about other options.

### Do I need to bank with Kiwibank?

No. If your application is approved, Kiwibank will help you open an account so you can get the money.

## Sources

- [Kiwibank: Fast Capital](https://www.kiwibank.co.nz/business-banking/borrowing/how-to-apply-for-business-funding/fast-capital/)
- [Kiwibank: Business loans](https://www.kiwibank.co.nz/business-banking/borrowing/business-loans/)
- [Kiwibank: StartUp+](https://www.kiwibank.co.nz/business-banking/borrowing/business-loans/start-up-plus/)
- [Kiwibank: Business rates and fees](https://www.kiwibank.co.nz/business-banking/borrowing/rates-and-fees/)