NATIONAL AUSTRALIA BANK LIMITED Having a simple and fair contract to kick off the beginning of a financial journey is one of the most important elements of a strong partnership.
Simple and easy to understand language saves you time, improves transparency and facilitates mutual understanding.
On Friday 6 October, we announced that we overhauled our existing standard loan form contract. From 16 October 2017, over 130,000 small and medium size business customers will start to benefit from these changes.
Simpler contractual clauses, plain English, a major reduction in document length and one-third of existing terms and conditions have been discarded as part of NAB's commitment to lifting standards across the industry.
More information, including a complete summary of the changes, will be available from this page on Monday 16th October.
NAB - National Australia Bank Ltd. published this content on 13 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2017 02:34:07 UTC.
Original documenthttp://news.nab.com.au/news_room_posts/simple-short-contracts/
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