Important changes to NAB Now Pay Later

From 03 April 2025 clauses 3.3 and 5 of your NAB Now Pay Later terms and conditions will change. For more information, review your NAB Now Pay Later terms and conditions.

Review terms and conditions

  • Once your NAB Now Pay Later account is set up, we’ll let you know your NAB Now Pay Later account limit. You may not make any purchases that would tip you over this limit. But if (for any reason) such a transaction takes place (for example, our systems are down or the merchant terminal can’t obtain online authorisations), the full amount of the purchase transaction will be charged to your NAB Now Pay Later account with repayments scheduled under the repayment plan for that purchase.

    Can your NAB Now Pay Later account limit be increased

    Yes. If you meet NAB’s responsible repayment criteria, we may communicate with you about an account limit increase where appropriate.

  • Available spend shows you the amount you have available for NAB Now Pay Later purchases at any given time. You can view your available spend any time in the NAB app.

    6.1 How your available spend is worked out

    To calculate your available spend, NAB checks your:

    • unused Nab Now Pay Later account limit; and
    • the funds in your linked account for your first repayment, presenting you an amount you can shop with at the time of purchase.

    You’ll be allowed to spend up to four times what you have in your linked account for the first repayment, up to your unused NAB Now Pay Later account limit.

    Example 1 - How your linked account balance impacts available spend

    If your NAB Now Pay Later account limit is $500, but your linked account balance is $50, your available spend will cap at $200 (four times your $50 linked account balance).

    Example 2 - How your NAB Now Pay Later account limit impacts available spend

    If your linked account balance is $200, your available spend will be $500 (account limit).

    6.2 How your available spend may change

    Your available spend is reduced by the total you owe for active repayment plans.

    Example 3 - How the total you owe reduces your available spend

    If you have a $500 NAB Now Pay Later account limit, and owe $400 on active repayment plans, your available spend would be equal to $100, even if you have more than $25 in your linked account.

    As each repayment is charged to your linked account, your available spend will increase by that amount, up to your NAB Now Pay Later account limit.

    For example, if you make a $100 repayment, your available spend will go up by $100, if you also have funds in your linked account to meet the first repayment.

    Example 4 - How making repayments increases your available spend

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What is NAB Now Pay Later?

Learn more about how NAB Now Pay Later works including which transactions are allowed, and how repayments work.

Resolve issues with NAB Now Pay Later

Learn what to do when circumstances change and how to manage and resolve issues with NAB Now Pay Later.

Digital card terms, complaints, privacy and other legal terms

Read through our terms and conditions to learn more about your responsibilities and liabilities when using NAB Now Pay Later.

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