A revolving line you only pay for when you use.
Draw down what you need, repay it, and draw again — with interest charged only on the balance you use. Ideal for seasonal businesses and lumpy cash flow.
Line of Credit, explained
A line of credit is a pre-approved pool of funds you can dip into whenever you need, up to your limit. Unlike a term loan, you only pay interest on what you actually draw, and as you repay, your available limit tops back up. It is the most flexible safety net a business can have — perfect for covering payroll in a quiet month, jumping on a bulk-stock deal, or bridging the gap while you wait on invoices.
Why a line of credit pays for itself
Reuse as you repay
Your limit replenishes automatically, so the facility is there whenever the next gap appears.
Pay only for what you use
No interest on funds sitting idle — you are charged only on the drawn balance.
Instant access
Once approved, draw down in minutes from your dashboard, day or night.
No drawdown fees
Most facilities have no fee to draw, so it is genuinely there when you need it.
Seasonal-friendly
Built for businesses whose revenue rises and falls through the year.
No obligation to draw
Hold the limit as a safety net and pay nothing until you actually use it.
Is this right for you?
Best for businesses with seasonal or unpredictable cash flow that want funds on standby without committing to a fixed loan.
- Revenue that ebbs and flows
- Want a safety net for quiet months
- Need to move fast on opportunities
- Prefer paying only for what you use
- Trading 6+ months with steady turnover
Set up your safety net in four steps
Tell us about your business
A few quick questions and our NZBN lookup — under 2 minutes, no documents to dig up.
Compare your matched offers
We instantly match you with the lenders most likely to approve you, side by side.
Choose your lender
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Get funded fast
Accept and receive funds in your account in as little as 24 hours.
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Line of Credit, answered
How is a line of credit different from a loan?+
Is there a cost to keep it open?+
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