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


No security required

Competitive rates

Fast online application

Fast and easy finance options for your business

Fast, easy, business lending to help you cover expenses and manage your cash flow.

% p.a.

Fixed interest rate

  • 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.

% p.a.

Variable interest rate on what you've used

% p.a.

Service fee on approved limit

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

  • 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, driver's licence, 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.


NAB Low Rate Business Card

It's a low cost credit card to help you manage your cash flow.

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 and more.

Important information

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

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 under its current registered Australian Business Number (ABN) for at least 12 months.

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
  • due to their specialised nature, some franchise businesses may not be eligible for QuickBiz.

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

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 fixed 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.

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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