Manage your online business lending application

How to set up your new business lending facility

Knowing how to navigate the next steps in your application allows you to provide consent. If your application is unconditionally approved, these steps will assist you in setting up your new business lending facility and accept your Letter of Offer.

How to provide consent and submit your application

New to NAB customer

If you’re new to NAB, you’ll be prompted to provide consent before submitting your application. Once complete you should receive your Application ID on the screen as well as an email, confirming your application has been submitted.

Existing customer applying through NAB Internet Banking or your business banker

If you’re an existing customer and applying through NAB Internet Banking or through a business banker, you’ll be able to provide consent via NAB Internet Banking. You can access your application any time via your internet banking by following these steps.

Please note: During this process you’ll be asked to enter a security code that will be sent to you via SMS.

1. Log in to NAB Internet Banking through a browser, not the NAB app. You’ll need your Business NAB ID or linked Personal NAB ID.
   See Online business banking setup
2. Navigate to the Products tab.
3. Navigate to the Applications tab.
4. Your inflight application will be listed here.
5. Click ‘Resume’ to continue with your application.
6. If prompted, you may need to link your Accounting Software Package.
   See Accounting software support
7. Read the Terms and Conditions for the application.
8. If happy to continue – select ‘Yes’ to agree and ‘Next’ to submit your application.
9. If your business has two or more partners or directors – they, the second director or partner, will then receive a notification to complete the above steps through their own internet banking (minus the accounting software linking).
10. You will then be given an outcome for your application.

Understanding your application decision and next steps

1. Unconditionally approved – Please continue. See How to set up my new loan facility and accept my Letter of Offer
2. Conditionally approved / Referred – Further verification is required for your application and one of our assessment team will be in touch.
3. Unsuccessful – We are unable to progress with your application. Please contact NAB on 13 10 12 should you need any further clarification.

How to set up my new loan facility and accept my Letter of Offer

You have just been notified that you are now Unconditionally approved – please follow these steps to set up your loan facility and accept your Letter of Offer.

Loan set up

1. Log in to NAB Internet Banking through a browser, not the NAB app. You’ll need your NAB ID to progress.
   See  Online business banking setup
2. Navigate to the Products tab.
3. Navigate to the Applications tab.
4. Your inflight application will be listed here.
5. Click ‘Resume’ to continue with your application.
6. Follow the prompts and instructions to complete your facility set up.

Agreement

1. Once the facility set up steps are completed, your facility documents will be generated.
2. Please open and read through all documents.
3. If happy to proceed, follow the instructions provided to accept the documents/contracts
4. Click ‘Next’ to finalise your the facility acceptance.
5. If there are two or more partners or directors, the additional nominated director/partner will also need to accept the documents in their own internet banking.
6. The facility will be progressed to be established as per your facility set up selections.