1. "far-right beliefs that centre on religious and ethnic hatred"
2. or, "a desire to become an independent nation"
In this case when people say the SNP is nationalist it's the second - their policy is that Scotland should be an independent country. For what it's worth they seem to have a strong pro-immigration stance[0] and a belief in racial equality[1], which are usually things type #1 nationalists are heavily against - so take from that what you will.
[0] - https://www.snp.org/policies/pb-what-is-the-snp-s-policy-on-...
[1] - https://www.snp.org/policies/pb-what-actions-are-the-snp-tak...