NAB Business Options Loan
An easy to understand medium to long term business loan up to $1 million, ideal for growing your business.
- From (owner occupied)
- 7.85%
- Variable
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Customer margin may apply · 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 | 7.85% | — | From $20000 |
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Customer margin may apply · 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 | 7.85% | — | From $20000 |
Other — Principal & interest
| Type |
|---|
Fees
| Fee | Type | Amount |
|---|---|---|
| Service Fee Charged monthly | Ongoing | $30.00 |
| Application Fee charged when the loan is first established (Calculated based on the initial loan amount borrowed) | Other | $600.00 |
Features
- Digital banking — Access is available to basic online banking features for the product
- Once registered for access, Customers are able to view and manage this product in the NAB internet banking platform
- Extra repayments — 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).
- 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
- Guarantor supported — Subject to terms and conditions, the customer may be able to nominate a guarantor during the origination process.
- 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
- Relationship management — Relationship management is available for eligible customers.
- Relationship management is available for eligible customers with a Business Options Loan facility. Customers must satisfy certain criteria (commercial lending, deposits & consumer lending) to qualify for relationship management.
Eligibility
- Business customersAvailable wholly or predominantly for business purposes operating in Australia
- Upon application other criteria may apply to the Business Loan
Constraints
- Minimum limit — $20,000.00The ability to borrow from $20,000
More Information
Published by NATIONAL AUSTRALIA BANK under the Consumer Data Right · Last updated 15 May 2026 · Product ID ef0c8b23-e9ae-49af-9c0f-e31b4a27f542 · View on CDR.gov.au · View Source Data (JSON)