12.95 % p.a.
What is an unsecured business loan?
Understanding the concept of unsecured loans is crucial if you’re looking to expand without collateral. An unsecured loan, is a type of financing that doesn’t require the borrower to use any assets as security. Rather, the lender usually relies on the creditworthiness and business track record of the borrower, rather than physical assets when determining whether to lend.
Benefits of a NAB QuickBiz loan
See how an unsecured online business loan could benefit your business.
Easy online application and instant decision
Quick online application and approval process so you can focus on your business. Apply online today and receive an instant decision.
Fast access to funds
Access your funds instantly on a business day once you have received an approval and accepted your loan application documents in Internet Banking.
No assets for security
The strength of your business performance and your track record is all you need to apply – no physical assets are required for our unsecured business loan.
Flexible terms and simple repayments
Choose loan terms of up to 5 years and make monthly principal and interest repayments.
Rates and fees
Check out the rates and fees for our unsecured business loan.
Fixed interest rate
Upfront and ongoing fees
$ 0
Minimum loan amount
$5,000
Maximum loan amount
$250,000
| Security | Not required |
|---|---|
| Term | Up to 5 years |
| Repayments | Principal and interest |
| Time to decision | Instant decision |
| Time to funds | Existing NAB customers can access funds instantly where eligible |
NAB QuickBiz Loan Special Fixed Rate Offer
Estimated repayments
No upfront fees
See NAB QuickBiz calculator assumptions
Getting started The application process
Step 1
Check your eligibility
- You're a sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible fund.
- You're registered for GST, have a turnover of at least $75,000 per year, and operated under your current registered ABN or ACN for more than 12 months.
- You're at least 18 and a permanent resident of Australia.
Step 2
Apply online in under 15 minutes.
Existing customers:
You'll be taken to NAB Internet Banking to log into your account where you can complete the application online.
New to NAB:
Apply online in as little as 15 minutes using our easy online application form.
Step 3
Once we have received all required information you will get an instant decision about your application.
If unconditionally approved, you can draw down on funds instantly once we have your signed documents.
How quickly will I receive the funds?
Access your funds instantly once you have received an approval and accepted your loan application documents in Internet Banking.
What documents do I need to apply?
Our fast online application may require you to provide a copy of your trust deeds, ATO Online Services Reports and where applicable personal identification. For all other loan processing, you may also be asked to provide financial information such as bank statements, transaction lists, profit and loss reports and a balance sheet.
You may also be interested in:
Other options to consider
Here are a few other business loan options that might suit your business needs.
NAB QuickBiz unsecured business overdraft
Manage your cash flow and unexpected expenses with an unsecured business overdraft on your transaction account, up to $50,000.
NAB Business Options Loan
A simple, medium to long term business loan ideal for growing your business. Borrow from $20,000, with flexible loan options.
Business car and equipment finance
Find the right finance solution for your vehicle and equipment needs.
Get in touch
Contact us
Explore our business banking contact information and get support with a wide range of products, services and topics.
Visit a NAB branch
Our business bankers are located all around Australia.
Call back request
Let’s talk about business banking.
Terms and Conditions
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NAB QuickBiz Loan
Standard product information
This loan is available only as a fixed interest rate principal and interest loan for a 12, 24, 36, 48 or 60 months term with monthly repayments. The NAB QuickBiz loan interest rate applies from the drawdown date of your NAB QuickBiz Loan until the end of your loan term. 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.
View NAB QuickBiz Loan eligibility criteria.
These products are issued by National Australia Bank Limited ABN 12 004 044 937.
Lending criteria and terms and conditions apply (available on application).
- Rates, fees and charges
- Business Banking Fees – A guide to fees and charges
- Business lending general terms (PDF, 342KB)
NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding these products. These products are issued by National Australia Bank Limited ABN 12 004 044 937.