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Low-rate business loans

Need funds for your business? Compare low rate business loans now.


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If you’re looking for finance to grow or build your business, it’s essential to make sure the cost of the loan doesn’t impact your business operations. A low interest rate business loan can help keep your repayments down, especially if you need access to a large amount of finance.

Find out what to look for and compare low-rate business loans below.

Harmoney Business Loan

Harmoney Business Loan


6.99 % p.a.


  • No early repayment fee
  • 100% online
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100% confidential application

Harmoney Business Loan

Unsecured business loans up to $50,000 with tailored interest rates from 6.99% - 29.99% p.a.

  • Loans from $2,000 to $50,000.
  • 3 or 5 year loan terms.
  • Establishment fees: $200 for loans under $5,000, and $450 for loans over $5,000.
  • Most people get their money within 24 hours of accepting terms.
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Compare business loans today

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Application Fee
Mint Finance Secured Business Loan
12 months -7 years
$175 - $995, depending on loan amount, lender and criteria
Eligibility: Have a minimum monthly turnover of $10,000, be a New Zealand citizen or permanent resident, own a business with a valid NZBN.
Secured business loans from $20,000 - $1,000,000.
Prospa Business Loan
13.9% - 29.9%
3 months to 2 years
2.5% of loan amount
Eligibility: Be 18+, be a New Zealand citizen or permanent resident, own a business with a valid NZBN.
Secured business loans from $5,000 - $300,000.
Simplify Commercial Vehicle Loan
6.50% - 14.5%
1 to 5 years
$100 - $500, depending on loan amount, lender and term
Eligibility: Must be 18+, a New Zealand resident or permanent citizen and have an income of at least $500 per month.
Secured vehicle finance from $5,000 to $500,000.
Pioneer Finance Secured Business Loan
11.95% - 27.95%
2 to 7 years
$270 - $780 depending on size and security
Eligibility: Be 18+ (may need a guarantor); be a NZ citizen, resident or have a relevant work visa; have a regular source of income
Secured business loans from $1,000 - $100,000.
Harmoney Business Loan
6.99% - 29.99%
3 or 5 years
$200-$450 depending on loan size
Eligibility: Be a NZ resident/citizen and have a good credit score.
Apply for an unsecured business loan up to $50,000 with no early repayment fees.
Lending Crowd Business Loan
3 or 5 years
$250-$1,450 depending on your borrowed loan amount
Eligibility: Full ownership of your business (with your spouse), over 18 months in business, earn annual sales over $80,000.
A secured loan up to $200,000.
Mint Finance Unsecured Business Loan
12-60 months
$175 - $995, depending on loan amount, lender and criteria
Eligibility: Have a minimum monthly turnover of $10,000, be a New Zealand citizen or permanent resident, own a business with a valid NZBN.
Unsecured business loans from $10,000

Compare up to 4 providers

What is a low-rate business loan?

A low-rate business loan is any loan option available to businesses that offers a low-interest rate. Typically speaking, a business loan offers a lower interest rate than a personal loan, with fixed rates available from around 6%.

However, the rate you receive depends on the type and size of the loan you require, the kind of business you have, whether you use an asset as security against the loan and your personal credit history.

You can also borrow more on a business loan, although this can vary on an individual basis. Many lenders require you to repay the loan within five years, although some may offer longer loan terms.

Types of low-rate business loans

  • Secured business loan. A secured business loan requires you to use an asset, typically a commercial or residential property, as security against the loan. In the event you fail to make your repayments, the lender can take ownership of the asset to cover the cost of the loan. As this reduces the risk for the lender, you generally receive a lower interest rate.
  • Unsecured business loan. Unlike a secured loan, you do not need to use an asset as security with an unsecured business loan. However, this means you will likely receive a higher interest rate than if you were to offer security.

What to keep in mind when comparing low-rate business loans

When you’re thinking about getting a business loan, it’s important to compare more than just the rate. While the interest rate helps determine the size of your loan repayments, it’s actually the comparison rate that gives you the true cost of the loan.

The comparison rate factors in any additional fees or charges attached to the loan, and is therefore a more accurate indicator of the size of your repayments. While a particular business loan may have a lower base rate, it may also come with higher fees or restrictive loan terms, meaning it costs you more over the life of the loan.

When comparing business loans, you should also consider the loan term and any additional features as these impact how you repay the loan. It’s essential to ensure that a specific loan will not have an adverse effect on your business operations or cash flow and that you are in a realistic position to repay the loan on time.

What are my other options?

  • Business line of credit. A business line of credit gives you access to an agreed credit limit that your business can draw on as and when it needs to. Unlike a regular business loan, you only repay the amount you use, but it is likely to have a higher interest rate than a regular business loan.
  • Invoice finance. If your business is waiting on outstanding invoices to be paid, you can get them financed upfront in return for a small fee. The fee can range from 0.1% to 20% of the value of the invoice, which means invoice financing may cost less than even a low-rate business loan. You generally receive up to 80 to 90% of the value of the invoice upfront, with the remaining amount paid out once the invoice itself has been paid.

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