Loans and Finance
NBS Business Redraw Loan
The fixed rate business loan with flexibility.
Pictured: Craig and Chris | Not Just Concrete | NBS business banking clients
Add or redraw funds from your fixed rate Business Redraw loan at any time* with no fees
Our Business Redraw Loan product is available as a fixed rate business loan and allows you to pay additional sums of money over and above your minimum required repayments. It also offers the ability to ‘redraw’ all or some of these additional sums should you need them.
NBS Business Redraw benefits
- Repay your business loan faster by paying over and above your minimum required amount.
- Pay less interest: the more you pay in and the less you withdraw, the lower your interest charges.
- Redraw funds when needed (eg, for unexpected expenditure or tax commitments).
- Potential to take a break from scheduled payments.
NBS Business Redraw features
- Choose monthly, fortnightly or weekly repayments.
- Make additional lump sum repayments or regularly pay more than your minimum required repayment to allow you to redraw
- Minimum of $1,000 per withdrawal.
- *Maximum of two withdrawals per month.
- Maximum term is 20 years.
Talk to one of our qualified lending specialists today to find out if the NBS Business Redraw Loan is right for you.
Want to see what extra repayments could do to your loan balance?
Use our calculator to estimate the impact that making extra repayments now could have on your loan balance and give your business more flexibility later.
Our Business Redraw Loan offers the stability of fixed rate options and the flexibility to redraw the extra amounts paid in when needed.
A redraw loan could help your business save money. The flexibility to make extra repayments and redraws is something normally only available on a variable (floating) rate, but unlike other lenders, we offer a redraw loan on a fixed rate. This means you're not exposed to changes in variable interest rates while giving your business the option to pay this loan off faster or redraw the extra paid in when the need arises.
Redraws are subject to terms and conditions. If extra payments are redrawn, the loan balance will increase again. This means your business will pay more interest over time compared with not making any redraws and any interest savings or faster repayment benefit from making those extra payments will no longer apply.
Enter your loan details, then explore your repayment options
NBS Business Term Loan
Paying the minimum
— · your minimum repayment
NBS Business Redraw Loan
Paying the minimum
— · your minimum repayment
Add additional lump sum repayments or redraws
Enter a positive number for additional lump sum repayments (reduces the loan balance) or a negative number for withdrawals (increases the loan balance).
Your repayment amount and any lump sums were cleared, because they applied to the previous loan details.
How your repayment choices could affect the total cost of your loan
Comparison of total principal and interest paid over the loan term, based on the additional repayments and lump sum payments you entered.
How your redraw balance could grow over time
This graph shows the estimated amount that could be available to redraw each month over five years* based on the additional repayments and lump sum payments you entered into the calculator.
Use of this calculator doesn't constitute financial advice, a loan application or loan approval. The results shown are estimates and for illustrative purposes only, to compare between two loan types.
They’re based on the limited information you provide. Amounts entered are rounded to the nearest dollar. The calculator includes assumptions that the interest rate remains the same throughout the loan term, that regular repayments are made commencing seven days after the loan starts, and that no penalties are applied. The results may not reflect actual loan circumstances.
All lending is subject to NBS lending criteria and terms and conditions and fees may apply. Interest rates advertised are subject to change at any time without notice. We recommend you seek financial advice before making any borrowing decisions. Our lending specialists are happy to help.
* The amount available to redraw each month over five years is an estimate and is for illustrative purposes only. It is based on the total of the extra principal repaid above the minimum repayment, less any amounts already redrawn. It does not include any interest saved. Redrawing funds may increase the total interest on the loan, extend the loan term or affect repayments. Redraw availability is subject to loan terms and is not guaranteed.
Rates and fees
| NBS Business lending rates | |
|---|---|
| 6 months fixed | from 5.94% p.a. |
| 1 year fixed | from 5.94% p.a. |
| 2 year fixed | from 6.24% p.a. |
| Variable* | from 7.99% p.a. |
| NBS Flexi Loan variable interest rate* | from 8.49% p.a. |
|
Interest rates are current as of 8 September 2026 and subject to change at any time without notice. Minimum 20% equity required. NBS lending criteria and specific terms and conditions apply. Margins, discounts and fees may apply. For new loans or refixes, rate may be subject to change prior to drawdown. * Effective rate for new clients from 8 September 2026. Effective rate for existing clients from 12 October 2026. |
|
| NBS Business Term, NBS Business Redraw, NBS Interest Only fees | |
|---|---|
| Loan establishment fee | From $450.00 |
| Interest rate review | From $50.00 |
| Discharge mortgage fee | $50.00 |
| Default interest rate | 4.00% p.a. above annual interest rate |
| Default administration fee | $45.00 per event |
| Insurance arrears payment fee | $25.00 |
| Rates arrears payment fee | $25.00 |
| Motor vehicle security variation or security swap fee | $30.00 |
| Duplicate statement fee | $5.00 |
| Early repayment recovery amount (ERRA) | Price on application |
| Early repayment administration cost | $45.00 |
|
Interest rates are current as of 8 September 2026 and subject to change at any time without notice. NBS lending criteria and specific terms and conditions apply. Margins, discounts and fees may apply. For new overdrafts, rate may be subject to change prior to drawdown. |
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NBS General Terms and Conditions, general lending terms and criteria and fees apply. Interest rates are subject to change at any time without notice.
Important information and assumptions
The NBS Business Redraw calculator is provided by Nelson Building Society (NBS) for general information purposes only. It doesn't constitute financial advice, a recommendation or an offer of finance.
The results generated by this calculator are estimates only and are intended to illustrate how additional repayments and redraw activity may affect a home loan over time.
- Are estimates only
- Are based on the information you input
- Assume the same interest rate will apply for the full loan term
- Assume regular, amortised repayments are made on schedule
- Fees
- Changes to interest rates over time
- Loan restructuring, repayment holidays or missed payments
- Financial circumstances unique to your business
- Is limited to funds that have been paid in addition to required repayments
- Is subject to a minimum redraw amount of $1,000 per transaction
- Is limited to a maximum of two redraws per month
- May reduce over time as the loan approaches its final repayment date
- Is subject to terms and conditions