At a glance Access to extra funds up to the agreed overdraft limit Only pay interest on the amount you use Linked to your everyday account, so you can access it whenever suits Eligibility To be eligible for an overdraft, you must meet the following criteria: Be a permanent New Zealand Resident Be 18 years of age or over Have a regular income Meet our lending criteria and have a good credit history. We’ll do a credit check as part of the application process. Have your main source of income directly credited to your everyday account See full Lending Terms & Conditions Frequently asked questions How much can I borrow? The minimum overdraft limit is $500. Give us a call or come in and see us about what you're needing. How long will it take? TSB needs to be comfortable that your financial situation can support an overdraft. As part of the application, you may need to provide proof of income and some details about your monthly expenses, assets and liabilities. Having this information handy can help speed the application process up. If you meet our lending criteria and have a good credit history, then the overdraft can be set up and available to use straight away. How do I make repayments? You can treat repayments like a regular transfer in Online or Mobile Banking. Simply select ‘Transfer’ from the menu, select the account you’d like to make the payment from, then choose the account with the overdraft. What does it cost? An establishment fee of $30 is charged to set up the overdraft on your everyday account. This fee is charged at the time your personal overdraft is drawn down. The fee covers the costs of assessing your loan application, document production and security verification, facility drawdown and activation. There is a $3.00 monthly overdraft fee, charged to the overdraft account on the last day of the month. This fee covers associated maintenance and reporting costs. You’ll only be charged interest on the overdraft amount you use. Interest is calculated daily on the overdrawn balance and charged at the end of each month. Getting Started Message Us Join Us Call 0800 872 226 FIND A BRANCH Other options to consider When borrowing money, there are a few alternatives to consider. The best solution will depend on your personal finances, what you’re wanting to buy, and how you’re planning to pay the money back. Below are just examples – for more information or to find the best fit for you, contact the team. Credit Card In some cases, a credit card could be a more suitable option than a personal loan. For example, if you’re wanting the flexibility of making larger purchases whenever you like, and are able to quickly pay off the full amount. Personal Loan An affordable way to make that purchase you’ve been thinking about. Whether it’s a new set of wheels, those long-awaited renovations or a relaxing holiday – use your personal loan however you like. Plus, make extra payments for free. Don't forget to read this bit Terms and Conditions – refer to the terms and conditions of your loan. Take a look at our Disclosure Statement or grab a copy from your local branch. TSB’s current assessment lending criteria, lending terms and conditions, interest rates and fees apply. Use of accounts and services are subject to TSB’s General Banking Information.
At a glance Access to extra funds up to the agreed overdraft limit Only pay interest on the amount you use Linked to your everyday account, so you can access it whenever suits Eligibility To be eligible for an overdraft, you must meet the following criteria: Be a permanent New Zealand Resident Be 18 years of age or over Have a regular income Meet our lending criteria and have a good credit history. We’ll do a credit check as part of the application process. Have your main source of income directly credited to your everyday account See full Lending Terms & Conditions
At a glance Access to extra funds up to the agreed overdraft limit Only pay interest on the amount you use Linked to your everyday account, so you can access it whenever suits
Eligibility To be eligible for an overdraft, you must meet the following criteria: Be a permanent New Zealand Resident Be 18 years of age or over Have a regular income Meet our lending criteria and have a good credit history. We’ll do a credit check as part of the application process. Have your main source of income directly credited to your everyday account See full Lending Terms & Conditions
Frequently asked questions How much can I borrow? The minimum overdraft limit is $500. Give us a call or come in and see us about what you're needing. How long will it take? TSB needs to be comfortable that your financial situation can support an overdraft. As part of the application, you may need to provide proof of income and some details about your monthly expenses, assets and liabilities. Having this information handy can help speed the application process up. If you meet our lending criteria and have a good credit history, then the overdraft can be set up and available to use straight away. How do I make repayments? You can treat repayments like a regular transfer in Online or Mobile Banking. Simply select ‘Transfer’ from the menu, select the account you’d like to make the payment from, then choose the account with the overdraft. What does it cost? An establishment fee of $30 is charged to set up the overdraft on your everyday account. This fee is charged at the time your personal overdraft is drawn down. The fee covers the costs of assessing your loan application, document production and security verification, facility drawdown and activation. There is a $3.00 monthly overdraft fee, charged to the overdraft account on the last day of the month. This fee covers associated maintenance and reporting costs. You’ll only be charged interest on the overdraft amount you use. Interest is calculated daily on the overdrawn balance and charged at the end of each month.
How much can I borrow? The minimum overdraft limit is $500. Give us a call or come in and see us about what you're needing. How long will it take? TSB needs to be comfortable that your financial situation can support an overdraft. As part of the application, you may need to provide proof of income and some details about your monthly expenses, assets and liabilities. Having this information handy can help speed the application process up. If you meet our lending criteria and have a good credit history, then the overdraft can be set up and available to use straight away. How do I make repayments? You can treat repayments like a regular transfer in Online or Mobile Banking. Simply select ‘Transfer’ from the menu, select the account you’d like to make the payment from, then choose the account with the overdraft. What does it cost? An establishment fee of $30 is charged to set up the overdraft on your everyday account. This fee is charged at the time your personal overdraft is drawn down. The fee covers the costs of assessing your loan application, document production and security verification, facility drawdown and activation. There is a $3.00 monthly overdraft fee, charged to the overdraft account on the last day of the month. This fee covers associated maintenance and reporting costs. You’ll only be charged interest on the overdraft amount you use. Interest is calculated daily on the overdrawn balance and charged at the end of each month.
Other options to consider When borrowing money, there are a few alternatives to consider. The best solution will depend on your personal finances, what you’re wanting to buy, and how you’re planning to pay the money back. Below are just examples – for more information or to find the best fit for you, contact the team. Credit Card In some cases, a credit card could be a more suitable option than a personal loan. For example, if you’re wanting the flexibility of making larger purchases whenever you like, and are able to quickly pay off the full amount. Personal Loan An affordable way to make that purchase you’ve been thinking about. Whether it’s a new set of wheels, those long-awaited renovations or a relaxing holiday – use your personal loan however you like. Plus, make extra payments for free.
Other options to consider When borrowing money, there are a few alternatives to consider. The best solution will depend on your personal finances, what you’re wanting to buy, and how you’re planning to pay the money back. Below are just examples – for more information or to find the best fit for you, contact the team.
Credit Card In some cases, a credit card could be a more suitable option than a personal loan. For example, if you’re wanting the flexibility of making larger purchases whenever you like, and are able to quickly pay off the full amount.
Personal Loan An affordable way to make that purchase you’ve been thinking about. Whether it’s a new set of wheels, those long-awaited renovations or a relaxing holiday – use your personal loan however you like. Plus, make extra payments for free.
Don't forget to read this bit Terms and Conditions – refer to the terms and conditions of your loan. Take a look at our Disclosure Statement or grab a copy from your local branch. TSB’s current assessment lending criteria, lending terms and conditions, interest rates and fees apply. Use of accounts and services are subject to TSB’s General Banking Information.
