An easy to understand medium to long-term business loan, ideal for growing your small business.
A NAB Business Options Loan is a simple loan suitable for SMEs, including sole traders, partnerships, trusts and registered companies. If you're looking to make your next purchase, or fund growth, we want to make the process easy. Apply online today and have a NAB business banking specialist contact you.
The ability to borrow from $20,000
A straightforward monthly service fee
Loan terms up to 30 years available* (subject to qualifying criteria)
The choice of principal and interest, interest only, or a combination of the two when choosing your repayment type
Redraw extra funds you’ve paid into your loan if you’re on a variable interest rate
Repayment cycles to suit your business needs, with monthly, quarterly, half-yearly or annual options available
Ability to lock in a great low rate providing price certainty for interest and repayments throughout the fixed period
Rates and fees will depend on your individual circumstances.
Variable rates are comprised of the Business Options Prime Indicator Rate plus or minus a personalised lending margin.
Our current Business Options Prime Indicator Rate is available on our business lending indicator rates page.
Understanding the different types of interest rates and loan features will help you make an informed choice for your business.
A fixed rate allows you to lock in your rate for a period of time, which can help plan your cash flow and protect against interest rates rises. During the fixed rate period, your rate won’t change. Your rate will automatically switch to a variable rate at the end of the fixed rate period. Additional repayments and redraw are not permitted during the fixed rate period.
A variable rate can go either up or down over the life of the loan – this means your minimum repayment may change. You can make additional repayments which can help reduce the interest you pay over the life of the loan. A variable rate loan also gives you access to a redraw facility which allows you to draw upon any additional repayments you have made if you need money unexpectedly.
Once you’ve submitted your online application, we’ll call you within one to two business days with a decision or to discuss your application further.
If you don’t want to apply online or want to know more:
Find the right finance solution for your vehicle and equipment needs.
Important information
* Terms of up to 30 years
Terms of up to 30 years are available subject to qualifying criteria.
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.
Lending criteria and terms and conditions apply (available on application).
#The fast-tracked application process is only available for new lending of up to $2m on a new NAB Business Options Loan (includes refinance from other financial institutions and new lending to existing customers). There is no guarantee that your application will follow the fast-tracked application process. Your application may follow a slower process if, for example, your application is complex, you operate in a high risk industry or, as part of your application, NAB requires you to provide additional information.
~Not available for certain industries, loan purposes, transaction and security types including commercial property investment or development security (owner occupied allowed); Self-Managed Superannuation Fund and Land Banking; Rural property freehold; and Clearing ATO arrears. Certain restrictions apply to Home Lending as a joint application. Information correct as at 23 July 2021 and subject to change.
Target Market Determinations for these products are available at nab.com.au/TMD.
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