Here’s what you get

  • An unsecured business loan of up to $250,000.1

  • No repayments for the first 6 months (interest will continue to accumulate on your loan during this period, and principal and interest repayments will apply after the loan period ends).

  • No application or loan service fees will apply.


  • Businesses with an ABN and an annual turnover of less than $50 million.*

  • New and existing NAB business customers – new applications only.

  • Loans are for COVID-19 detrimentally impacted customers and must be for business purposes.

  • NAB eligibility and lending ciriteria applies.

The benefits of a Business Support Loan

The NAB Business Support Loan has been designed to help our business customers who’ve been detrimentally impacted by COVID-19. With this loan you’ll receive:

  • An unsecured business loan of up to $250,000.1
  • Reduced variable interest rate currently 4.50% p.a.
  • Loan term of up to 3 years.
  • No repayment is required for the first 6 months.
    • Interest will continue to accumulate on to your loan during this period.
    • Principal and interest repayments will apply after this period.
  • No application or loan service fees will apply.

Deferring repayments

It’s important to understand that by deferring repayments in the first six months, you'll pay more interest than if repayments were not deferred. This is because when the initial six-month period ends, your loan balance will include the original loan amount, plus the interest that has accumulated during that time.

You can still make repayments in the initial six-month period. If you do, this will reduce the interest you’ll be charged.

How to apply for a Business Support Loan

For our existing NAB Business customers, you can enquire about our Business Support Loan online or speak directly with your NAB Business Banker.

For new NAB Business customers, call us on 13 10 12 to enquire.

Please note that we’re currently experiencing a high volume of calls and expected wait times will be longer than usual.

Are you an existing NAB Business customer? Get started with a new Business Support Loan

Understanding the eligibility criteria

This loan is available to new and existing NAB business customers who are:

  • detrimentally impacted by COVID-19.
  • small and medium sized businesses with an ABN and an annual turnover of less than $50 million.*

The loan must be used for business purposes only and be used to support current and upcoming working capital needs (i.e. short-term operating expenses such as rent, wages and stock). It cannot be used to purchase property/equipment.

The loan cannot be used to repay, restructure or refinance existing debt with NAB or another financier. This means the NAB Business Support Loan cannot be used to pay off any existing loans you may have. It is for new loan applications only.

For larger business customers, NAB is committed to finding appropriate support on a case-by-case basis.

Rates and fees

Rates and Fees table
Loan Amount Variable rate
Loan Amount Up to $250,000 Variable rate 4.50% p.a

The above variable rate is comprised of the Business Options Prime Indicator Rate plus a lending margin. Rates are subject to change.

Other options for your business

If a NAB Business Support Loan isn’t what you’re looking for, a NAB QuickBiz Loan or NAB QuickBiz Overdraft may meet your needs - with a fast and easy online application process.

It’s important that you understand your businesses cashflow before you make a decision, view our cash flow improvement calculator.

Alternatively speak with a NAB Business Banker to discuss your businesses specific needs.

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Important Information

The NAB Business Support Loan is provided as part of the Australian Government's Coronavirus SME Guarantee Scheme. While the Government provides NAB with a 50% guarantee on the loan, this in no way changes a borrower's obligations to repay the loan in full by the end of term. The term of the loan cannot be greater than three years. Please note that while this loan requires no repayments for the first six months, interest will also continue to accrue over this period. The loan must be repaid with principal and interest repayments that begin after the first six months.

1 Subject to NAB eligibility and lending criteria. Terms and conditions apply.

* The offer is available to customers with a combined annual turnover of less than $50m across all their related business entities.

Please note, the following restrictions/exclusions with this offer:

  • The aggregated limits of all other Australian Government’s Coronavirus SME Guarantee Scheme-backed loans, including from lenders other than NAB, cannot exceed $250,000.
  • The loan must not be used to refinance any facilities or loans with NAB, or any other lender or financier.
  • The loan cannot be used for the purchase of property or equipment.
  • Self-Managed Super Funds (SMSFs) are excluded from this offer.

Interest rate current as at 8 May 2020 and subject to change.

NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding these products. These products are issued by National Australia Bank Ltd ABN 12 004 044 937.