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If you're looking for a capital injection to fund business growth, expansion or for any other acceptable business purpose, a National Australia Bank Business Instalment Loan may provide you with the flexibility, simplicity and benefits that you need.
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What is it?
The National Australia Bank Instalment Loan provides finance for a set term with regular repayments covering principal and interest. With the flexibility of fixed or variable interest rates and a choice of repayment options, this loan can be tailored to suit your individual business circumstances and cash flow.
This would suit your business if you wanted to set a principal and interest repayment program over a period of time in line with your anticipated cash flow.
Benefits you can enjoy
- Flexibility - the ability to swap from a variable interest rate to a fixed interest rate and vice versa during the term of the loan.*
- Convenience - ability to make alterations to your loan to accommodate your changing business circumstances.
- Simplicity - loan repayments can be automatically debited from your National Australia Bank nominated business current account.
- Accessibility - access to your National Australia Bank Business Partner.
Features at a glance
- Your loan can swap between fixed and variable interest rates. At the end of any fixed rate interest period, the loan will switch to a variable interest rate unless you choose to re-fix it for another fixed rate period. *
- Interest and repayment cycles can be set (monthly, quarterly or half yearly) in line with your cash flow.
- Progressive draw down options are available whilst the interest rate is variable.
- Additional repayments can be made during variable rate periods without attracting fees and charges.
*A variable rate loan can be switched to a fixed rate at any time at no cost. When swapping from a fixed rate to a variable rate the relevant fixed rate must have expired first, otherwise fees and charges may apply.
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Important Facts
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Interest rate
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Available on application |
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Interest type
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Fixed or variable |
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How is interest calculated
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Calculated daily and charged in arrears |
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Minimum term
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1 year |
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Maximum term
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Up to 15 years - suject to annual review |
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Minimum limit
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$250,000 |
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Maximum limit
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Unlimited |
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Repayment type
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Principal and interest |
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Repayment cycle options
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Monthly, Quaterly or Half Yearly |
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Terms and conditions
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National Australia Bank's usual lending criteria applies. Terms and conditions available on request. Fees and charges are payable. |
where to from here?
If you have more questions or need further assistance, contact your National Australia Bank Business Partner or call (65) 6419 6875
Important information - The information is current as at December 2008 and is subject to change The information does not purport to be a complete description of the product, is of a general nature only and should not be relied upon in making any decision. The product is only available to approved business customers. © National Australia Bank Limited ABN 12 004 044 937 (incorporated in Australia) UEN S81FC2979B.
National Australia Bank Limited, Singapore. UEN. S81FC2979B.
National Australia Bank Limited ABN 12 004 044 937 is incorporated in Australia
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