How does NAB QuickBiz work?

Our NAB QuickBiz lending solutions are unsecured which means we don’t require security (like your house or equipment). Approvals are based on your cash flow, credit score and time in business meaning we recognise the strength of your business not your assets.

The process for applying is fast and easy, and if approved, you can access your cash within one business day (from receipt of the signed contract).

It’s finance that keeps up with the pace of your business, after all, it’s called NAB Quickbiz for a reason.

BORROW UP TO $100,000 UNSECURED

No security required

Competitive rates

Funds in 1 business day†

Get an instant answer

Fast, unsecured business lending made easy, giving you access to funds to grow, run and invest in your business.

12.95
% p.a.

Fixed rate

  • Access to approved funds in 1 business day from receiving your signed documents
  • Fixed competitive monthly principal and interest repayments so you can budget more
  • 12, 24, 36 month loan terms giving you the flexibility you need

Easily manage peaks and troughs in your cash flow with an overdraft on your transaction account.

14.25
% p.a.

Variable rate on what you've used

1.75
% p.a.

Service fee on approved limit

  • Access to approved funds in 1 business day from receiving your signed documents
  • Only pay interest on what you use
  • An extension of your NAB business transaction account

Businesses that can apply

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

  • Registered for GST, with a valid ABN/ACN and turnover of at least $100,000 per year

  • Owner must be over 18 years old and an Australian citizen or permanent resident

  • Business and residential addresses must be in Australia

What you'll need to apply

  • 12 months of business financial data from your accounting software

  • Your business details (ABN or ACN)

  • Identification (passport, drivers license, Medicare card) if you're new to NAB

  • Your business transaction account number (for NAB customers only)

Help me choose the right NAB finance option

Answer a few simple questions to see which finance option is best for your business needs.

OTHER SOLUTIONS FOR FAST AND EASY ACCESS TO FINANCE

NAB Low Rate Business Card

It’s a low cost credit card to help you manage your cashflow.

NAB Qantas Business Signature Card

Get more from your business purchases and maximise your Qantas points with our Bonus Qantas Points Offer.

NAB Rewards Business Signature Card

Run your business, earn NAB Rewards Points. Redeem for travel, technology & more.

Important information

† Funds in 1 Business days

For the NAB QuickBiz Loan and NAB QuickBiz Overdraft, funds will be provided within 1 business day upon receipt of signed contracts. Business days are Monday to Friday, excluding weekends and VIC public holidays.

All NAB QuickBiz finance options are subject to credit assessment and approval

Instant answer online 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 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 partners 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 $100,000 p.a.

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 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 NAB QuickBiz Overdraft facility establishment date.

If you already 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).

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

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. The interest rate of 12.95% p.a. 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.

NAB QuickBiz Overdraft

Standard product information

The overdraft is available as a variable interest rate only. Debit interest is calculated on the daily outstanding balance and is charged to the account on the last banking day of the month. A QuickBiz Overdraft service fee applies and is charged to the account on the last banking day of each month. Fees and charges may apply to your linked transaction account.

You can only borrow up to $50,000 in total limits across both a NAB QuickBiz Overdraft and NAB Business Credit Cards (applied for online).

The NAB QuickBiz Overdraft is only available as a new facility. It can’t be applied to existing NAB business overdrafts.

These products are issued by National Australia Bank Ltd ABN 12 004 044 937.

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Sat-Sun 9am - 6pm (AEST/AEDT)

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