Zero-interest business loans | Economic Resilience Program - NAB
About the Australian Government Economic Resilience Program
If your business has been impacted by rising fuel costs and global market disruptions related to the current conflict in the Middle East, this program may help you manage costs with a two year zero-interest loan. The program is designed to keep businesses moving by helping them to manage rising costs, recover from disruption and, where relevant, secure and scale critical production activities and supply chains.
The program is delivered by the National Reconstruction Fund (NRF) on behalf of the Australian Government and run in partnership with participating banks. NAB is participating in the program and can help you understand whether you’re eligible and how to apply.
If you have questions or want to see if you’re eligible, you can request a call back with one of our business bankers.
Key benefits of the program
Zero-interest loans
Reduce financial pressure and keep your business moving with zero-interest loans for up to two years.
Manage rising costs
The program is designed to help businesses impacted by rising costs including fuel and broader supply chain disruption related to the current conflict in the Middle East.
NAB is a participating bank
NAB has been allocated funds under the program to support eligible businesses to access zero-interest loans for up to two years.
Is your business eligible?
These loans are intended to support manufacturers and logistics companies, in areas including freight, fuel, fertiliser and plastics. Eligibility depends on both program criteria and bank credit assessment and loans will only be available until expiry of NAB’s allocation.
- Australian Bureau of Statistics ANZSIC codes will be used to assess whether an applicant business belongs to an eligible sector of the economy.
- Businesses will be required to demonstrate how they have been materially impacted by market disruption. NAB can offer guidance around the kinds of documents that may be used to demonstrate this.
- Businesses with an annual turnover of less than $100 million can apply for a zero-interest loan of up to $5 million.
- Businesses with an annual turnover in excess of $100 million or who are seeking more than $5 million will need to apply directly to the NRF to be considered for a zero-interest loan.
Key information about the program
- These are loans, not grants, and businesses will be required to pay back the principal at the end of the loan term, therefore these loans will be subject to normal credit assessment processes.
- Loans provided by NAB under the program can help cover higher fuel or related input costs or support a company’s recovery from market disruption.
- Loans under the program can’t be used for certain purposes, including to refinance existing debt.
- Fees and charges will apply but loans will be zero interest for up to two years.
Support for businesses that are not eligible
If your business isn’t eligible for a zero-interest loan under the program, we’re still here to help you. NAB provides a range of options for individuals and businesses who might require support.
If you’re experiencing financial difficulty, NAB may be able to help. Learn more about financial hardship assistance.
Related articles
NAB Business Options Loan
A simple, medium to long term business loan ideal for growing your business. Borrow from $20,000, with flexible loan options.
NAB helps businesses facing rising costs
Zero-interest funding available for eligible businesses.
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Terms and Conditions
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Interest rate is 0% for eligible loans for two years under the program however fees, charges or other costs may apply. This financing is provided as a Business Options Loan. Terms, conditions, fees, charges, eligibility and lending criteria apply (available on application). Target Market Determination for this product is available at nab.com.au/TMD.
Eligibility criteria apply and are not fully described on this page. All applications are subject to NAB’s approval, credit assessment and the full eligibility requirements of the Economic Resilience Program. This offer is available for a limited time and only while program funding is available. The offer may be varied, withdrawn or closed at any time without notice. Program terms, including eligibility criteria, may change.
Loans are provided by National Australia Bank Limited ABN 12 004 044 937. NAB retains credit risk. Loans are not guaranteed by the Australian Government or the National Reconstruction Fund Corporation.