* Applying is fast and easy
For the NAB QuickBiz Loan and NAB QuickBiz Overdraft, funds will be provided within one business day upon receipt of signed contracts. Business days are Monday to Friday, excluding weekends and VIC public holidays.
** Introductory interest rate
Offer commenced on 4 February 2019. The special introductory interest rate of 0% p.a. on purchases applies for 12 months from the date your account is opened by NAB. Minimum monthly repayments must be made by the due date each month. At the end of the 12 months, any purchase amounts owing will attract the interest rate for purchases that is then applicable to your account, which is equal to the NAB Low Rate Business Card rate advertised on nab.com.au and is subject to change.
^ Annual card fee waiver
Each Card issued under the Facility has an annual card fee of $60, payable in advance. However, the annual card fee will be waived for the first 12 months from the date the Facility was opened.
For cards opened and used within 12 months from the date the facility was opened, the whole fee, will be credited back to the account and will be processed on the billing account summary in the same statement period in which the fee is charged. The fee will be $60 or a pro-rata amount of that fee based on the number of statement periods (whole or part) remaining from the date of first Use until the next anniversary of the Facility being opened.
For any card issued and/or used after the date 12 months from the date the facility was opened, the first annual card fee will be debited to the Account in the first Statement Period following the first use of the Card. The fee will be $60 or a pro-rata amount of that fee based on the number of statement periods (whole or part) remaining from the date of first Use until the next anniversary of the Facility being opened.
We will confirm the date the Facility was opened with you in writing.
The subsequent annual card fees for each Card issued and used under the Facility will be debited annually on the statement date immediately after each anniversary of the date the facility was opened.
^^ Special offers
Offers available until withdrawn. NAB may vary or end these offers at any time without notice. Special offers apply to approved applicants only. Any bonus points offer not available in conjunction with any other new business credit card offer, or where you currently hold or have closed any NAB business credit card which included a special offer, within the previous twelve months. Offers are not available when closing / transferring from another NAB business credit card account or in conjunction with any other NAB offer.
1 Loan eligiblity
Loans from $100,000 — $250,000 are available for eligible existing customers only. Lending criteria applies.
2 NAB QuickBiz Loan Fixed Rate Offer
- The rate is available for new NAB QuickBiz Loans with fixed repayments over 12, 24, or 36 months
- The NAB QuickBiz Loan is only available to approved NAB business customers. The loan must be used for business purposes only. All applications are subject to the NAB’s lending criteria and credit approval processes. Complete loan terms and conditions will be outlined in the letter of offer should your application be successful.
3 NAB Quickbiz Overdraft
As part of linking your account, NAB will not access personal or customer information.
4 Online fixed rate
3.98% pa online fixed rate applies to:
Approved Vehicle & Equipment Loan applications that are quoted online:
- with loan amounts up to $150,000; and
- for new or used cars, vans and utes; and
- with loan terms up to 5 years for new assets and 3 years for used assets; and
- with no balloon (end of term lump sum payment)
Loan must be drawn down within 35 days from the date of our online quote.
Vehicle and equipment loans are subject to approval. Standard Vehicle & Equipment Loan terms and conditions, fees and charges apply.
Online decisions are subject to eligibility, credit assessment, lending criteria and ID verification. You can read the full eligibility criteria online.
3.98% online fixed rate is available from 1 March 2021, remains valid until withdrawn and is subject to change without notice.
5 Upfront fees
Additional fees may apply for multiple assets. Economic costs may be payable if you pay the loan off before the end date of the contract.
All NAB QuickBiz finance options are subject to credit assessment and approval
For the NAB QuickBiz Loan and NAB QuickBiz Overdraft, funds will be provided upon receipt of signed contracts. Business days are Monday to Friday, excluding weekends and VIC public holidays.
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 partner is a company.
~Loans from $100k - $250k are available for existing customers only. Lending criteria applies.
†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 $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 $250K 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 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.
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.
NAB Vehicle & Equipment Loan
Standard product information
The features shown apply only to loans approved online.
$0 deposit on loans up to 150k; you can provide an additional deposit if you wish, this will reduce the repayments.
Loans up to 5 years: Tax invoices should be provided by the dealer and note, that private sales require extra time to conduct an inspection and valuation.
NAB Low Rate Business Card
Standard product information
The NAB Low Rate Business Card is for business purposes only. Offer only available to new, approved NAB Low Rate Business Card customers who apply on or before the offer is withdrawn. A valid ABN is required to open a Commercial Card facility with NAB. ABN registration checks will be performed once the application has been received. Offer not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB offer. Terms, conditions, fees, charges and lending criteria apply. Please refer to the NAB Commercial Cards Facility Conditions (PDF, 459KB) for the terms and conditions about your NAB Low Rate Business Card.
Approval and credit limit is subject to NAB's credit assessment criteria. Information, including interest rates and annual card fees subject to change. Details are correct as at 13 August 2019 and are subject to change by NAB. Credit cards issued by National Australia Bank Limited. ©2019 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.
Lending criteria and terms and conditions apply (available on application).
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 Ltd ABN 12 004 044 937.