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NAB Business Options

The details shown below are for the Business Options (<$350k) with a minimum amount of $20,000 and a maximum amount of $350,000

The details shown below are for the Business Options (>$350k) with a minimum amount of $350,001 and a maximum amount of $1,000,000

Choose the version of this loan that suits you best

  • Loan: $20,000 $350,000

  • Loan: $350,001 $1,000,000

Interest rate
4.5% p.a. Business Options Prime Rate
Security type
not disclosed
Upfront fee
Negotiable
Interest rate
4.0% p.a. Business Options Prime Rate
Security type
not disclosed
Upfront fee
Negotiable

Details

Rates and fees information correct as at 8 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • variable

  • 4.50% p.a.Business Options Prime Rate

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • Negotiable

  • Fees and charges apply

  • $0.00

  • not disclosed

  • 0

  • not disclosed

Features
  • monthly, quarterly, half-yearly, annually

  • Interest only for loan term, principal and interest

  • yes (free for variable)

  • yes (variable only)

  • no

  • no

  • A variable rate loan can be switched to fixed rate at any time at no cost.

  • Progressive drawdown fee $60 per drawing

*Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.

Details

Rates and fees information correct as at 8 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • variable

  • 4.00% p.a.Business Options Prime Rate

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • Negotiable

  • Fees and charges apply

  • $0.00

  • not disclosed

  • 0

  • not disclosed

Features
  • monthly, quarterly, half-yearly, annually

  • Interest only for loan term, principal and interest

  • yes (free for variable)

  • yes (variable only)

  • no

  • no

  • A variable rate loan can be switched to fixed rate at any time at no cost.

  • Progressive drawdown fee $60 per drawing

*Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.

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