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.
Locking in a rate provides price certainty for interest and repayments throughout the fixed period.
Rates and fees
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.
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.
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.
Tools and calculators
Use our handy tools to help you understand what you can afford to borrow and repay.
Other options to consider
Haven't found what you're looking for? Here are a few other business loan options that might suit your business.
Help and support
We have a range of useful guides and tools to help you start, grow and manage your business banking.
Request a call back
Let us help you with your business banking needs.
Call us for your general enquiries about business banking.
Visit a NAB branch
Use our locations tool to find business banking services.
Terms and Conditions
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