NAB QuickBiz Loan

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 has been registered for GST for at least 12 months and have a turnover of at least $100,000 p.a.
• 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 are at least 18 years or older to apply and hold an Australian citizenship or permanent residency.
• You’re a sole trader, a business partnership with no more than 2 individual partners, or a company with 5 or less directors borrowing. Joint borrowers who are not partnerships, or partnerships where one or more partner is a company and trusts are not eligible to apply.
• Any shareholders of companies listed in the application are individuals, and not companies.
• If you have an existing NAB Business Credit Card or a NAB QuickBiz Overdraft and require additional funds:
  • you can apply for an additional NAB Business Credit Card facility or NAB QuickBiz Overdraft facility 6 months after your most recent NAB Business Credit Card or a NAB QuickBiz Overdraft facility establishment date.
  • you can apply for an additional NAB QuickBiz Loan 90 days after your most recent NAB Business Credit Card or a NAB QuickBiz Overdraft facility establishment date.
• If already you have an existing NAB QuickBiz Loan you can apply for an additional NAB QuickBiz Loan, NAB QuickBiz Overdraft or NAB Business Credit Card 90 days after your most recent NAB QuickBiz Loan facility 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).
• You can have your funds within 1 business day from when we receive your completed contract. Business days are Monday to Friday, excluding weekend and VIC public holidays.
• This loan is available only as fixed interest rate principal and interest loan for a 12 or 24 month term with monthly repayments at a fixed interest rate. 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.

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

The NAB QuickBiz Loan is available as a principal and interest loan for 1 - 2 year terms (with monthly repayments). This means you’ll be required to pay off your loan over the term you choose.

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.