Frequently asked questions

What is the minimum qualifying criteria for finance?

We can assess any businesses with an Australian ABN.

What is the minimum amount able to be financed at NEF?

We can finance purchases from $1000 to $1,000,000+.

How long does it take to finance my equipment?

Once agreements are signed, the funds are transferred to the vendor within two business days.

What terms are available for finance.

The terms are between one and five years depending on application and type of agreement.

How does the Business Overdraft work?

You can transfer funds from your Business Overdraft to your linked business transaction account as you need, up to your account limit. The funds from your Business Overdraft can be used for any business purpose. Account limits range from $10,000 to $1 million. Your account limit is set based on the size or turnover of your business. You’ll only ever pay interest on what you spend, not on the overdraft limit. Payments are calculated over a 48 month term keeping payments manageable however you can pay additional at any time reducing interest charged