{
  "source": "https://openbank.api.nab.com.au/cds-au/v1/banking/products/ef0c8b23-e9ae-49af-9c0f-e31b4a27f542",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "productId": "ef0c8b23-e9ae-49af-9c0f-e31b4a27f542",
    "lastUpdated": "2026-05-15T13:59:59Z",
    "productCategory": "BUSINESS_LOANS",
    "name": "NAB Business Options Loan",
    "description": "An easy to understand medium to long term business loan up to $1 million, ideal for growing your business.",
    "brand": "NAB",
    "isTailored": false,
    "additionalInformation": {
      "overviewUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans",
      "termsUri": "https://www.nab.com.au/content/dam/nabrwd/documents/terms-and-conditions/loans/nab-business-lending-general-terms.pdf",
      "feesAndPricingUri": "https://www.nab.com.au/business/tools/rates-fees-and-charges"
    },
    "features": [
      {
        "featureType": "DIGITAL_BANKING",
        "additionalValue": "Access is available to basic online banking features for the product",
        "additionalInfo": "Once registered for access, Customers are able to view and manage this product in the NAB internet banking platform",
        "additionalInfoUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans"
      },
      {
        "featureType": "EXTRA_REPAYMENTS",
        "additionalValue": "Indicates that the product has the option to accept extra repayments without incurring additional charges (for example Buy Now, Pay Later (BNPL) or line of credit products may offer the facility to repay instalments on an adhoc basis).",
        "additionalInfo": "regardless of BOL variant (NBL, NBC, NBR), customers are able to make extra payments into the Business Options Loan account only when the facility has a variable interest rate. If an existing Business Options Loan facility has a fixed rate and customers choose to make extra payments into the loan during a fixed rate period they will be charged for economic costs",
        "additionalInfoUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans"
      },
      {
        "featureType": "GUARANTOR",
        "additionalValue": "Subject to terms and conditions, the customer may be able to nominate a guarantor during the origination process.",
        "additionalInfo": "A guarantor(s) can be nominated during origination prcoess regardless of the BOL variant applied for. Bankers must refer to credit policy https://nabcts.sharepoint.com/sites/CreditPolicyHub/SitePages/Guarantees-to-Bank-Business-Lending-GUA201.aspx to determine the suitability of a guarantor and how to assess",
        "additionalInfoUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans"
      },
      {
        "featureType": "RELATIONSHIP_MANAGEMENT",
        "additionalValue": "Relationship management is available for eligible customers.",
        "additionalInfo": "Relationship management is available for eligible customers with a Business Options Loan facility. \r\nCustomers must satisfy certain criteria (commercial lending, deposits & consumer lending) to qualify for relationship management.",
        "additionalInfoUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans"
      },
      {
        "featureType": "REDRAW",
        "additionalValue": "Customer has redraw functionality",
        "additionalInfo": "The current redraw process for BOLs (All variants including NBL, NBC, NBR) is via banker assisted manual redraw process. The business lending products team is working on a change initiative to enable self service redraw for customers with BOLs via IB/NAB app which is aimed at Q1 FY26 delivery",
        "additionalInfoUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans"
      }
    ],
    "constraints": [
      {
        "constraintType": "MIN_LIMIT",
        "additionalValue": "20000.00",
        "additionalInfo": "The ability to borrow from $20,000",
        "additionalInfoUri": "https://www.nab.com.au/business/loans-and-finance/business-loans/nab-business-options-loans"
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "BUSINESS",
        "additionalInfo": "Available wholly or predominantly for business purposes operating in Australia"
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "Upon application other criteria may apply to the Business Loan"
      }
    ],
    "fees": [
      {
        "name": "Service Fee",
        "feeType": "PERIODIC",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "30.00"
        },
        "currency": "AUD",
        "additionalValue": "P1M"
      },
      {
        "name": "Application Fee",
        "feeType": "OTHER",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "600.00"
        },
        "currency": "AUD",
        "additionalInfo": "charged when the loan is first established (Calculated based on the initial loan amount borrowed)"
      }
    ],
    "lendingRates": [
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0785",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "OTHER",
        "tiers": [
          {
            "name": "From $20000",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "20000.00",
            "rateApplicationMethod": "WHOLE_BALANCE",
            "applicabilityConditions": [
              {
                "rateApplicabilityType": "OTHER",
                "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
              }
            ]
          }
        ],
        "applicabilityConditions": [
          {
            "rateApplicabilityType": "OTHER",
            "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
          }
        ],
        "additionalInfo": "Customer margin may apply",
        "additionalInfoUri": "https://www.nab.com.au/business/tools/rates-fees-and-charges#indicator-rates"
      },
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0785",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P3M",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "INTEREST_ONLY",
        "loanPurpose": "OTHER",
        "tiers": [
          {
            "name": "From $20000",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "20000.00",
            "rateApplicationMethod": "WHOLE_BALANCE",
            "applicabilityConditions": [
              {
                "rateApplicabilityType": "OTHER",
                "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
              }
            ]
          }
        ],
        "applicabilityConditions": [
          {
            "rateApplicabilityType": "OTHER",
            "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
          }
        ],
        "additionalInfo": "Customer margin may apply",
        "additionalInfoUri": "https://www.nab.com.au/business/tools/rates-fees-and-charges#indicator-rates"
      },
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0785",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P6M",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "INTEREST_ONLY",
        "loanPurpose": "OWNER_OCCUPIED",
        "tiers": [
          {
            "name": "From $20000",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "20000.00",
            "rateApplicationMethod": "WHOLE_BALANCE",
            "applicabilityConditions": [
              {
                "rateApplicabilityType": "OTHER",
                "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
              }
            ]
          }
        ],
        "applicabilityConditions": [
          {
            "rateApplicabilityType": "OTHER",
            "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
          }
        ],
        "additionalInfo": "Customer margin may apply",
        "additionalInfoUri": "https://www.nab.com.au/business/tools/rates-fees-and-charges#indicator-rates"
      },
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0785",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1Y",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "OWNER_OCCUPIED",
        "tiers": [
          {
            "name": "From $20000",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "20000.00",
            "rateApplicationMethod": "WHOLE_BALANCE",
            "applicabilityConditions": [
              {
                "rateApplicabilityType": "OTHER",
                "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
              }
            ]
          }
        ],
        "applicabilityConditions": [
          {
            "rateApplicabilityType": "OTHER",
            "additionalInfo": "The all-up rate provided to a customer is based on the current Business Options Base rate + customer margin. The base rate can change when the Business Lending rate changes (on the back of RBA cash rate movements). The customer margin can be adjusted according to customer type, risk profile and relationship held with NAB"
          }
        ],
        "additionalInfo": "Customer margin may apply",
        "additionalInfoUri": "https://www.nab.com.au/business/tools/rates-fees-and-charges#indicator-rates"
      }
    ]
  }
}