Simple business loans

NAB Business Options Loan

A simple medium to long-term flexible business loan, ideal for growing your business. The loan may be secured or unsecured, with flexible repayment and loan term options.

Features

Choose principal and interest, interest only or a combination of the two for your repayments.
Enjoy the flexibility of variable and fixed interest rate options and the choice of monthly, quarterly, half-yearly or annual repayments on up to 30 years loan term.
If you have a variable interest rate loan, you can make extra repayments at any time and reduce the overall interest you pay. If we agree, you can also redraw extra repayments you made when you need them.
Choose the term of the loan to suit your business and cash flow needs. Longer terms are available for secured loans where businesses typically provide residential or commercial real estate as security.

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Rates and fees

Interest rates

Rates will depend on your individual circumstances.

Variable rates comprise the Business Options Prime Indicator Rate and your customer margin, which may be added to or subtracted from the Prime Indicator rate.

Our current Business Options Prime Indicator Rate is available on our business lending indicator rates page.

Talk to a NAB Business Banker

Fees and charges

Available upon application.

Interest periods

Monthly, quarterly, half yearly and annually options available.

Getting started Applying for a NAB Business Options Loan

Step 1. Check you qualify

You're eligible to apply online if you're applying for up to $1,000,000, the funds are mainly for business purposes, your business is registered in Australia, and you're authorised to apply on behalf of the business.

Step 2. Apply in under 10 minutes

Complete the online application form. You'll need an active ABN or ACN, business bank account number (if you're an existing NAB customer) and your business financials, including details of security.

Step 3. Receive your finance

One of our NAB business bankers will be in touch to sort out the loan details. Once you sign and return your documents, you'll receive your finance.

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Terms and Conditions

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Economic cost and fees may apply if you swap from a fixed to a variable interest rate before the end of a fixed rate period, or if you make additional repayments during a fixed rate period.

The total amount of interest paid under an interest-only loan is generally greater than under a principal and interest loan. This is because interest payable is calculated on the total principal outstanding which does not reduce during an interest only period. NAB recommends that you consider this if you are looking at an interest-only loan.