Name: New Zealand SME Overdraft Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: New Zealand,Bank Lending Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Bank Lending Rate in New Zealand increased to 9.74 percent in January from 9.68 percent in December of 2025. Bank Lending Rate in New Zealand averaged 10.43 percent from 1988 until 2026, reaching an all time high of 16.02 percent in July of 1988 and a record low of 7.50 percent in September of 1999. source: Reserve Bank of New Zealand

Bank Lending Rate in New Zealand is expected to be 9.74 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand SME Overdraft Rate is projected to trend around 10.99 percent in 2027 and 11.24 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Bank Lending Rate	9.74	9.68	percent	Jan 2026
Households Debt to Income	168.00	167.00	percent	Jun 2025
Private Sector Credit	608710.00	607073.00	NZD Million	Dec 2025

New Zealand SME Overdraft Rate

In New Zealand, the small- to medium-sized enterprise (SME) overdraft rate is the base interest rate for new overdraft loans for SME non-farm enterprises. It is weighted by each surveyed institution’s share of the total value of overdraft lending subject to the business base rates offered. The rate measures the set base rate component of the product offered to customers and does not include any margin component added to this rate, which is related mostly to individual borrowers’ credit risk.