Variable Rate Loans

Flexibility for lump sum and early repayments

  • Tailor your repayments to suit the businesses cash flow
  • Make lump sum payments or repay in full at any time 


NBS Lending Specialist can give you all the information to help you select from the available options to structure a loan that suits your business.

  • The variable interest rate is regularly reviewed in line with current market rates
  • Payments can increase and decrease overtime with the market
  • Lets you repay some or all of your loan at anytime without fees

Table - Structured to provide equal payments. Each payment consists of less interest and more principal than the previous payment.

Reducing Loan - Payments steadily reduce over time, although the initial payments can be higher than with a table loan.

Interest Only Loan - Suitable it you need to cover a period of time until capital is available to repay the loan in full.

NBS Commercial Term - Variable Rate

Interest rates start from                                            6.60% p.a.
Interest rates are subject to change.
Interest rates for NBS Commercial Lending are determined on a case by case basis. Talk to your NBS lending specialist.


Commercial Variable Rate Loan Fees

Loan Establishment Fee From $400.00
Interest Rate Review From $150.00
Discharge Mortgage Fee $130.00
Default Interest Rate                                                                                                                                                 4.00% p.a. above annual interest rate
Default Administration Fee $100.00
Insurance Arrears Payment Fee $15.00
Rates Arrears Payment Fee $25.00
Motor Vehicle Security Variation/Security Swap Fee $30.00
Duplicate Statement Fee $15.00
 Fees are subject to change.

All lending is subject to NBS lending criteria, as well as the terms and conditions for each specific product. These are available from any NBS branch. Establishment fees and early repayment adjustments may also apply.