NAB QuickBiz Loan features

  • An unsecured business loan of up to $250k for existing customers and up to $100k for new customers2

  • Fixed repayments over 12, 24, or 36 months

  • A competitive rate and no upfront or ongoing fees

Eligibility for NAB QuickBiz Loan

  • A sole trader, a partnership with up to two partners, a company with up to five directors or a trustee of an eligible trust

  • Registered for GST, turnover of at least $75K per year, and operated under your current registered ABN/ACN for more than 12 months.

  • Have 12 months of reconciled business financial data from your accounting package

  • You'll also need to be at least 18 and a permanent Australian resident

Benefits of an unsecured business loan

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If approved, access your funds within one business day (from receipt of your signed contract)*.

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Certainty of fixed repayments

One monthly principal and interest repayment to help you grow your business.

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An unsecured business loan means the strength of your business performance and your track record is all you need to apply.

Quickbiz loan rates and fees

  • 10.95 %p.a.

    Fixed interest rate1

  • $0

    Upfront or ongoing fees

  • $5k-$250k

    Borrow between


We get to know you

A NAB QuickBiz Loan recognises the strength of your business to help you access funds sooner. 

We’ll review your cash flow, credit score and time in business to help us make a decision.

As an unsecured business loan, we also don't require your assets (such as your house) as a security, making the application easy and simple. 

Applying for a Quickbiz loan

  • Step 1

    Apply online now.

  • Step 2

    Have your ABN/ACN details handy as well as your NAB account number if you are already a customer.

  • Step 3

    If you use an accounting package like XERO, MYOB or QuickBooks, you can link your data. 

  • Step 4

    If approved, access the funds one business day after we receive all your signed paperwork.*

Get started with your new NAB QuickBiz Loan

Other options for your business

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NAB QuickBiz Overdraft

Manage your cash flow and unexpected expenses with an unsecured business overdraft on your transaction account, up to $50K.

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NAB Business Options Loan

An easy to understand business loan up to $1m, ideal to help give your business a boost in the medium to long term.

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Vehicle and equipment finance

Find the right finance solution for your vehicle and equipment needs.

Frequently asked questions

What is the difference between a secured and unsecured loan?

A small business loan can be either secured or unsecured. The main difference between a secured loan and an unsecured loan is whether the lender requires security, which can come in the form of a business’s property, inventory, accounts receivables or other assets. Review the key differences between these two loan types to find which small business loan is right for you.

What's the eligibility criteria?

Fast online conditional approval is subject to eligibility, credit assessment, lending criteria and ID verification.

You can only apply for this product if:

  • Your business is registered for GST and has a turnover of at least $75,000 per year.
  • Your business has been in operation for at least 12 months and has a valid Australian Business Number (ABN).
  • You have a business and residential address in Australia.
  • You intend to use the product where the purpose is wholly or predominately for business purposes. You can't use funds to make payments to the Australian Tax Office.
  • You're at least 18 years old and hold an Australian citizenship or permanent residency.
  • You're a sole trader, a business partnership with no more than two individual partners, a company with five or less directors or a trustee of an eligible trust. Joint borrowers who are not partnerships, or partnerships where one or more partner is a company are not eligible to apply.
  • Due to their specialised nature, some franchise businesses may not be eligible for QuickBiz.
  • Any shareholders of companies or trustee companies that are listed in the application are individuals, and not companies.
  • 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.
  • 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're 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 $250k in unsecured business lending with NAB (inclusive of this application).
  • You'll receive your funds after we receive your completed contract. Business days are Monday to Friday, excluding weekend and VIC public holidays.
  • 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 you require different options we have a range of 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.

Read full eligibility criteria.

How's interest charged?

Interest is calculated daily and is only calculated on your remaining loan balance.

How long can I have a QuickBiz Loan?

The NAB QuickBiz Loan is available as a principal and interest loan for a 12, 24 or 36 month term (with monthly repayments). This means you’ll be required to pay off your loan over the term you choose.

Are there any other fees?

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.

What can I use an unsecured business loan for?

When thinking about using an unsecured business loan, you need to remember that you'll generally be offered a higher interest rate than you would with a secured loan. This is because unsecured loans pose more of a risk to lenders.

Some of the typical uses for an unsecured business loan:

  • the purchase of inventory and raw material
  • to increase working capital to help manage day-to-day operations
  • to pay for advertising or marketing
  • to expand or renovate your workplace
  • to manage unexpected business expenses.

How much turnover does my business need?

The minimum annual turnover requirement for a NAB QuickBiz Loan is at least $75,000 per year. We want to make it easier for your business to apply and help you access funds sooner.

If you haven't found what you're looking for visit our FAQs

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