Business Term Loan redraw

Discover how to action redraw from your Business Options Loan, Business Markets Loan or Corporate Markets Loan via NAB Internet Banking or the NAB mobile app.

How to redraw from your NAB Business Term Loan

To get started, please speak with your NAB banker or call 13 10 12 to assess your eligibility for self-service redraw. Once approved, your loan will be established in our system and enabled for digital servicing.

Steps to make a redraw – NAB Internet Banking

1. Login to Internet Banking.
2. Navigate to Transfer & Pay > Transfer.
3. Select your Business Options Loan, Business Markets Loan or Corporate Markets Loan account in the From account dropdown and the account you wish to transfer funds into in the To account dropdown.
4. Nominate the amount you wish to transfer and complete the transfer details.
5. Click Next and Confirm your transfer.

Steps to make a redraw – NAB app

1. Login to your NAB App.
2. Navigate to Pay.
3. Select your Business Options Loan, Business Market Loan or Corporate Markets Loan account in the From account dropdown and the account you wish to transfer funds into in the To account dropdown.
4. Nominate the amount you wish to transfer and complete the transfer details.
5. Click Next and Pay now.

Please note

• Redraw functionality for a NAB Business Options Loan, Business Markets Loan or Corporate Markets Loan is subject to eligibility as well as your loan terms and conditions. Among other things, before self-service redraw functionality is enabled, we need to be satisfied that:
  • all required authorisations have been provided
  • our “know-your-customer” checks have been met
  • your loan and other facilities are being operated and serviced in accordance with their terms (for example, the loan is not in arrears)
  • the loan or component has a variable or floating interest rate (as applicable). Redraw is not permitted when a fixed rate applies to a loan or component (as applicable). Please refer to your loan terms and conditions  
  • the loan is not for a Self-Managed Super Fund, and does not have conditions that restrict redraw, and
  • where the loan was provided for construction purposes, construction has been completed.
• Redrawn funds must only be used for business purposes.
• The redraw amount available is the difference between the limit and the balance of the relevant variable or floating rate loan or component (as applicable).
• If you redraw from your Business Options Loan, your repayment amount may change, and we’ll contact you to let you know of any new repayment amount.