nab business options loan

^ Additional eligibility requirements for special variable rate of 2.95% p.a offer:

• Borrow from $20,000 to $1,000,000.
• Suitable security must be provided.
• Application fees apply (available upon application).
• Your total business lending with NAB (existing and any new or refinanced lending under the offer) must be no more than $1 million.
• You must hold a NAB business transaction account before 02 April 2021 (NAB business transaction account may be opened concurrently with NAB Business Options Loan).
• The offer is available for new lending only (includes refinance from other financial institutions and new lending to existing customers).
• The offer is not available to self-managed super funds or for commercial property investment or development.
• The offer is available from 7 October 2020 until 02 April 2021. NAB may vary or end this offer at any time without notice. To be eligible for the offer, an application must be submitted during the period that the offer is available and then approved, and drawn down within the time period set out in the applicant’s loan offer.
• The offer cannot be used in connection with or in addition to any other discounts, promotions or rebates offered by NAB.
• The NAB Business Options Loan is only available to approved NAB business customers.  The loan must be used for business purposes only.  All applications are subject to the NAB’s lending criteria and credit approval processes.  Complete loan terms and conditions will be outlined in the letter of offer should your application be successful. Bank fees and charges may apply (available upon application).

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).

• Rates, fees and charges
• Business Banking Fees – A guide to fees and charges