Subject to eligibility criteria and important information below.1
- Certainty of a fixed interest rate.
- A loan term generally between 12 and 60 months.
- Generally the only security needed is the asset itself.2
RFI 2018 Australian Business Banking Awards
For most purchases, no deposit is required – this will be assessed upon application.
Use our quote tool to discover what you can borrow for and how much it will cost.
Use our simple online application form to apply.
Once you’ve provided us with the final invoice we’ll email you the paperwork to sign.
Once all documents are received and your vehicle or equipment is ready to be collected, we’ll pay the supplier.
What do you need to know
We calculate interest charges by applying the relevant fixed interest rate to the projected monthly outstanding loan balance on the assumption that you will pay the instalment amounts on each payment date.
You can obtain information about these rates from us on request.
Additional fees may apply if:
Full details can be found in our Fees & Charges guide.
We offer a range of flexible repayment structures including monthly, quarterly, seasonal or tailored to your business.
You have the freedom to purchase new or used, through a dealer or privately.
If you’ve already purchased the vehicle or equipment, it’s not too late – we can still set up a loan and reimburse you for the cost. Contact us to find out how.
If you have a number of vehicle or equipment purchases to make throughout the year, we can set you up with a limit to save you applying multiple times. Contact us to learn more.
Your business owns the vehicle or equipment. We take out a mortgage on it as security for your loan.
Interest expense on the financing and depreciation on the asset may be deductible.
We recommend that you seek independent tax advice.
The minimum annual turnover requirement for a NAB QuickBiz Loan is at least $75,000 per year. We want to make it easier for your business to apply and help you access funds sooner.
Not what you need?
Rent the vehicle or equipment your business needs and return it at the end of the lease.
Choose the vehicle you want with salary packaging, providing a range of benefits for businesses and employees.
Lending criteria and terms and conditions apply (available on application).
The tax comments provided in this document are of a general nature. NAB recommends that you seek independent tax advice in respect of the tax consequences arising from the use of any NAB Equipment Finance solution as they apply to your particular circumstances.
These products are issued by National Australia Bank Ltd ABN 12 004 044 937.
Approved Vehicle & Equipment Loan applications that are quoted online:
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.
4.49% online fixed rate is available from 5 November 2018, remains valid until withdrawn and is subject to change without notice.
$0 deposit on loans up to $150K: Generally, the security is the asset itself; though in certain circumstances additional security or a deposit might be required – this will be assessed on application.
Loans up to 5 years: Loans applied for online delivered after final approval and receiving the final tax invoice from a dealer. Private sales require extra time to conduct an inspection and valuation.
The Personal Property Securities Registration and Maintenance fee is payable for each asset you purchase and finance. Additional fees may apply, refer to our Business Banking Fees and Charges and Interest rates, fees and charges for more information.
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