Benefits of this loan

With a loan term of up to 30 years , the NAB Business Options Loan is suitable for SMEs, including sole traders, partnerships, trusts and registered companies. This simple loan could help you purchase an existing business, fund expansion or invest to grow.

Flexible repayment options

Choose principal and interest, interest only, or a combination of the two for your repayments. Match your repayment cycles to suit your business's cash flow - monthly, quarterly, half-yearly or annual.

Redraw when you need it

Redraw extra funds you’ve paid into your loan if you’re on a variable interest rate.

Repayment certainty

Locking in a rate provides price certainty for interest and repayments throughout the fixed period.

Rates and fees

Interest rates

Rates 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.

Fees and charges

Available upon application.

Interest periods

Monthly, quarterly and half yearly options available.

Our interest rates and repayment types explained

Understanding the different types of interest rates and repayment options for your loan will help you make an informed choice.

  • 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.

  • A principal and interest (P&I) loan may be obtained with either a fixed or variable rate and with loan terms of up to 30 years. You can tailor your repayments to suit your business with the choice of monthly, quarterly, half yearly or annual options available. A P&I loan can also include an initial interest only period which may help you manage your cash flow.

    An interest only loan allows you to make interest repayments only during the loan term with the remaining loan balance (the principal) being paid at the end of the term. You can choose a fixed interest rate for a period to protect against rate rises or the option to pay fixed rate interest in advance giving you price certainty. Loan terms up to five years are available.

Apply online
Grow and invest in your business with a NAB business loan

Before you apply, make sure you consider your financial position, the loan purpose, how much you need to borrow and how much you'll be able to repay. If required, we'll use a property you own or another asset to secure your loan.

There's no need to upload any documents in the application form, but we may ask for additional information later in the process.

Step 1. Check you qualify

You're eligible if applying for up to $1,000,000, the funds are mainly for business purposes, your business is registered in Australia and you're authorised to apply on behalf of the business.

Step 2. Apply in 5 minutes

Complete the online application form. You'll need an active ABN or ACN, business bank account number (if you're an existing NAB customer) and your business financials, including details of security.

Step 3. Receive your finance

One of our NAB business bankers will be in touch to sort out the loan details. Once you sign and return your documents, you'll receive your finance.

If you require business lending over $1,000,000 you'll need to request a call back rather than applying online.

Terms and Conditions

Target Market Determinations for these products are available at nab.com.au/TMD.