The following are the limits that apply to Kiwibank business lending (the limits that apply to Kiwibank Home Loans are set out in the home loan limits section):
Early repayment limit
The maximum amount you can pay towards your fixed rate loan, over and above the minimum repayments, without potentially incurring lump sum repayment fees or fixed rate break costs.
5% of the outstanding balance of the fixed rate loan at the date of payment, less any other payments over and above the minimum repayments that you’ve made in the current calendar year during a fixed term.
Limits effective as at 1 April 2013. Limits subject to change. Unless otherwise specified, all amounts shown are in New Zealand dollars.