NAB Business Options Loan - NAB

Simple business loans

NAB Business Options Loan

A simple medium to long-term flexible business loan, ideal for growing your business. The loan may be secured or unsecured, with flexible repayment and loan term options.

Features

  • Choose principal and interest, interest only or a combination of the two for your repayments. 

  • Enjoy the flexibility of variable and fixed interest rate options and the choice of monthly, quarterly, half-yearly or annual repayments on up to 30 years loan term.

  • If you have a variable interest rate loan, you can  make extra repayments at any time and reduce the overall interest you pay. If we agree, you can also redraw extra repayments you made when you need them.

  • Choose the term of the loan to suit your business and cash flow needs. Longer terms are available for secured loans where businesses typically provide residential or commercial real estate as security.
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Rates and fees

Interest rates

Rates will depend on your individual circumstances.

Variable rates comprise the Business Options Prime Indicator Rate and your customer margin, which may be added to or subtracted from the Prime Indicator rate.

Our current Business Options Prime Indicator Rate is available on our business lending indicator rates page.

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Fees and charges

Available upon application.

Interest periods

Monthly, quarterly, half yearly and annually options available.

Getting started Applying for a NAB Business Options Loan

Taking the time to understand your borrowing needs and repayment capacity can help you choose the right loan for your business. Depending on the loan, property or other assets may be used as security.

Step 1. Consider loan options

Take the time to compare your loan options and find the right fit for your business goals. Need help deciding? A NAB business banker can guide you through the available options.

Step 2. Apply

You can apply over the phone or in person with your local NAB business banker.

Check what documents you need to apply.

Step 3. Sign documents

Once the approval is sorted, we’ll send you the completed documents to sign and return.

Step 4. Receive your finance

Receive your finance once all documents are received and approved.

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Terms and Conditions

Economic cost and fees may apply if you swap from a fixed to a variable interest rate before the end of a fixed rate period, or if you make additional repayments during a fixed rate period.

The total amount of interest paid under an interest-only loan is generally greater than under a principal and interest loan. This is because interest payable is calculated on the total principal outstanding which does not reduce during an interest only period.  NAB recommends that you consider this if you are looking at an interest-only loan.