IF IT'S FINANCIAL BACKING YOU NEED, WE'RE HERE TO HELP
Whether it's a fast, easy loan under $100K or a bespoke, tailored solution to work with your cash flow, our lending options could suit your needs.
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* Qantas Business Signature Special Offer
Offer commenced on 8 October 2018. To be eligible for the 100,000 Qantas bonus points offer, you must apply for a new NAB Qantas Business Signature Card before the offer is withdrawn, be approved and spend $4,000 on everyday business purchases within 60 days of account opening. Everyday business purchases are purchases made in accordance with the NAB Qantas Commercial Card Rewards Conditions (PDF, 326KB). These terms describe the purchases not eligible to earn points including, but not limited to, transactions NAB decides are wholly or partly for gambling or gaming purposes. Bonus points will be credited to the qualifying member’s account within three months of meeting the spend criteria.
** Interest free days on everyday business purchases
If you pay your closing balance on your monthly statement in full by the due date each month. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office, purchases of travellers’ cheques and transactions for gambling or gaming-related purposes).
^ Earning Qantas Points
All Qantas Points earned using the card(s) are credited to a points earner nominated by the Customer. A points earner must be the Customer or a cardholder with a Qantas Frequent Flyer membership account. To earn points using your NAB Qantas Business Signature Card, you must be a member of the Qantas Frequent Flyer program. A joining fee may apply; however, NAB has arranged to provide Qantas Frequent Flyer membership with the joining fee waived to NAB members who are not already a Qantas Frequent Flyer member and who apply at qantas.com/joinffnab. Membership and points are subject to the Terms and Conditions of the Qantas Frequent Flyer program. Refer to the NAB Qantas Commercial Card Rewards Conditions (PDF, 326KB) for details of eligible business spending. Points are capped at $50,000 spend per card per statement period.
^^ Visa Concierge
This service is provided by Visa Worldwide Pty Ltd or International SOS (Australasia) Pty Ltd. Your concierge is available on 1300 498 594 (Option 3) 24 hours a day, seven days a week. For more information about Visa’s Privileges Program, please refer to the Special travel and retail privileges, created by Visa for business at http://visapremium.com.au/.
The NAB Qantas Business Signature Card is for business purposes only. Offer applies to approved applicants only. Offer available until withdrawn. NAB may vary or end this offer at any time without notice. A valid ABN is required to open a Commercial Card facility with NAB. ABN registration checks will be performed once the application has been received. Bonus points offer not available in conjunction with any other new business credit card offer, or where you currently hold or have closed any NAB business credit card which included a special offer, within the previous twelve months. Offer is not available when closing / transferring from another NAB business credit card account or in conjunction with any other NAB offer. Terms, conditions, fees, charges and lending criteria apply.
All NAB QuickBiz finance options are subject to credit assessment and approval
For the NAB QuickBiz Loan and NAB QuickBiz Overdraft, funds will be provided after we have received signed contract. For the NAB Low Rate Business Card, cards will be posted once unconditional approval is provided and should arrive by post approximately 3 business days later. Business days are Monday to Friday, excluding weekends and VIC public holidays.
Fast online application and funding subject to credit assessment and verifications.
This loan is only available for loans which are wholly or predominantly for business purposes. This loan cannot be used to make payments to the Australian Tax Office.
Your business must have been in operation for at least 12 months and have a valid Australian Business Number (ABN).
You need to be at least 18 years or older to apply and hold an Australian citizenship or permanent residency.
Your business and residential address must be in Australia.
This loan is only available for sole traders, business partnerships with 2 or less individual partners, companies with 5 or less directors borrowing in their own right or an eligible discretionary trust. It is not available for joint borrowers who are not partnerships, or partnerships where one or more partner is a company.
Eligible trusts include the following:
- your trust must be a non-government discretionary trust
- your trust has a valid Australian Business Number (ABN) and has been registered for at least 12 months.
- your trust must have been established in Australia
- the beneficiaries of your trust are individuals
- your trustees can only be one of:
- a company with no more than five directors
- up to two individuals
- if the trustee is a company shares in the company must be beneficially held.
Any shareholders of companies listed in the application must be individuals, and not companies.
If you are an existing NAB Customer, you must have operated all accounts in accordance with the terms of those accounts.
Your business must be registered for GST and have a turnover of at least $75,000 p.a
If you have existing NAB Business Lending, you can apply online for an additional NAB QuickBiz Loan, NAB QuickBiz Overdraft, NAB Business Credit Card or NAB Equipment Finance Loan 50 days after your most recent establishment date.
If you are an existing NAB Customer, you can only apply for this product if you have less than $1m in existing business lending with NAB and less than $100k in unsecured business lending with NAB (inclusive of this application).
NAB may have other options which suit your business better if you do not meet the conditions for this loan. You can contact us on 13 10 12 to discuss.
NAB QuickBiz Loan
The interest rate of 12.95% p.a. applies from drawdown date of your NAB QuickBiz loan until the end of your loan term. Minimum monthly repayments must be made by the due date each month.
Standard product information
This loan is available only as a fixed interest rate principal and interest loan for a 12, 24 or 36 month term with monthly repayments. Variable rate loan and interest only loans are not available. Economic costs may be payable if you terminate early. If this does not work for you, we have other loan options that may better suit your needs.
You must have an Australian bank account, in the same name as your business, to receive your funds.
The NAB QuickBiz Loan has no upfront or ongoing fees but economic costs may apply if you choose to pay the loan off before the end date of the contract.
Trade Finance
Trade facilities are typically approved for 12 months and reviewed annually. Lending criteria, terms and conditions apply. Fees, interest rates and terms and conditions will be detailed in your Letter of Offer.
