Repayments are indicative only. When calculating repayments we’ve made a number of assumptions which may affect the accuracy of the amounts shown.
Time of calculation:
We've calculated everything based on the information and figures available as at the date the calculation is made.
Interest rate used:
On the day of calculation the fixed interest rate of 13.85% per annum was used for and applied throughout the loan. This rate may change in the future, which would then be applied throughout the loan.
Interest and repayment cycles:
Repayments are payable monthly. Interest is calculated daily and charged monthly.
To calculate monthly interest, this calculator calculates your annual interest charge and divides it by 12 so that interest is spread evenly across each month. Under your contract, the interest calculation takes into account the actual length of each month so it’s slightly different.
There are no upfront or ongoing fees but economic costs may be payable if you terminate the loan early.
Any advice contained in this calculator has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice in this calculator, NAB recommends that you consider whether it is appropriate for your circumstances.
We have rounded amounts -- with most results being rounded to the nearest dollar.
Interest Rate Offer
Offer commences on 11 January 2018. To be eligible for the special interest rate offer, you must be approved for a NAB QuickBiz Loan by 30 April 2018. The special interest rate offer of 12.95% p.a. applies for the term of your NAB QuickBiz loan. Standard interest rate (currently 13.85% p.a.) will apply to all NAB QuickBiz Loans approved after 31 April 2018’