Effective 1 June 2022, TSB increased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:

  • A 0.50% increase to variable rates
  • A 0.50% increase to the revolving credit rate

Because our rates have increased, the applicable interest rate for customers:

  • with existing lending in place as at 1 June 2022; and
  • whose current interest rate* is made up of one of the rates that is increasing,

will increase by the same amount as the increase in the relevant rate (this includes where a margin or discount is applied to your loan).

The increases for these customers will be effective from 15 June 2022.
 

Don't forget to read this bit
  • The changes do not apply to fixed interest rate loans
  • We’re happy to advise your specific rate and payment details on request

*See your loan contract for information on which interest rate applies to your loan.