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NAB is one of Australia's "Big Four" banks, with a history dating back to 1858. As a leading financial institution, NAB provides banking and financial services across Australia, serving both personal and business customers through a network of branches and digital platforms.
Must link with a NAB business transaction account and is repayable on demand
Business Options
Interest rate
Upfront fee
Funding speed
7.35% p.a. variable
Negotiable
Varies
No Partner link
Details Close
Interest Rate
7.35% p.a. variable
Upfront Fee
Negotiable
Ongoing Fees
Fees and charges apply
Late payment fee
$0.00
Transaction fee
not disclosed
Early repayment penalty
0
Other fees
-
Loan type
Loan
Security type
not disclosed
Minimum loan amount
$20,000
Maximum loan amount
$1,000,000
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
not disclosed
Repayment frequency
monthly, quarterly, half-yearly, annually
Repayment types
Interest only for loan term, principal and interest
Card access
no
Redraw allowed
yes (variable only)
Extra repayments allowed
yes (free for variable)
Other benefits
A variable rate loan can be switched to fixed rate at any time at no cost.
Other restrictions
Progressive drawdown fee $60 per drawing
QuickBiz Loan
Interest rate
Upfront fee
Funding speed
12.95% p.a. fixed
No Upfront Fees
1 day
No Partner link
Details Close
Interest Rate
12.95% p.a. fixed
Upfront Fee
No Upfront Fees
Ongoing Fees
No Ongoing Fees
Late payment fee
$0.00
Transaction fee
not disclosed
Early repayment penalty
0
Other fees
-
Loan type
Loan
Security type
Unsecured
Minimum loan amount
$5,000
Maximum loan amount
$250,000
Minimum loan term
-
Maximum loan term
3 years
Funding speed
1 day
Application speed
15 minutes.
Approval speed
Varies
Minimum trading period
1 year
Minimum annual turnover
$75,000
Exit fee
not disclosed
Repayment frequency
Monthly
Repayment types
Principal & Interest
Card access
no
Redraw allowed
no
Extra repayments allowed
no
Other benefits
-
Other restrictions
-
Business Vehicle & Equipment Finance
Interest rate
Upfront fee
Funding speed
7.29% p.a. fixed
$500
Varies
No Partner link
Details Close
Interest Rate
7.29% p.a. fixed
Upfront Fee
$500
Ongoing Fees
No Ongoing Fees
Late payment fee
$0.00
Transaction fee
not disclosed
Early repayment penalty
0
Other fees
-
Loan type
Loan
Security type
Secured
Minimum loan amount
$20,000
Maximum loan amount
$250,000
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
$75,000
Exit fee
not disclosed
Repayment frequency
Monthly
Repayment types
Principal & Interest
Card access
no
Redraw allowed
no
Extra repayments allowed
no
Other benefits
-
Other restrictions
-
QuickBiz Overdraft
Interest rate
Upfront fee
Funding speed
16.00% p.a. variable
1.75% service fee on approved limit
1 day
No Partner link
Details Close
Interest Rate
16.00% p.a. variable
Upfront Fee
1.75% service fee on approved limit
Ongoing Fees
Fees and charges apply
Late payment fee
$0.00
Transaction fee
not disclosed
Early repayment penalty
0
Other fees
-
Loan type
Overdraft
Security type
Unsecured
Minimum loan amount
$5,000
Maximum loan amount
$50,000
Minimum loan term
-
Maximum loan term
-
Funding speed
1 day
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
$75,000
Exit fee
not disclosed
Repayment frequency
n/a
Repayment types
n/a
Card access
yes
Redraw allowed
n/a
Extra repayments allowed
n/a
Other benefits
-
Other restrictions
Must link with a NAB business transaction account and is repayable on demand
Invoice Finance
Interest rate
Upfront fee
Funding speed
9.61% p.a.
On Application
Varies
No Partner link
Details Close
Interest Rate
9.61% p.a.
Upfront Fee
On Application
Ongoing Fees
On Application
Late payment fee
$0.00
Transaction fee
On Application
Early repayment penalty
$50
Other fees
Facility Fee on Application
Loan type
Line of Credit
Security type
Secured
Minimum loan amount
-
Maximum loan amount
-
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
1 year
Minimum annual turnover
$1,000,000
Exit fee
not disclosed
Repayment frequency
n/a
Repayment types
n/a
Card access
no
Redraw allowed
n/a
Extra repayments allowed
n/a
Other benefits
Funds up to 85% of the value of eligible invoices available.
Other restrictions
Available to businesses that provide goods and services within wholesale, manufacturing, transport, labour hire or other industries.
Flex-Flow
Interest rate
Upfront fee
Funding speed
0%
One-time loan fee is added to the loan at inception and forms part of the balance owing.
One busines day after signing a contract
No Partner link
Details Close
Interest Rate
0%
Upfront Fee
One-time loan fee is added to the loan at inception and forms part of the balance owing.
Ongoing Fees
None
Late payment fee
$0.00
Transaction fee
None
Early repayment penalty
-
Other fees
None
Loan type
-
Security type
-
Minimum loan amount
$2,000
Maximum loan amount
$125,000
Minimum loan term
-
Maximum loan term
-
Funding speed
One busines day after signing a contract
Application speed
As little as 20 minutes
Approval speed
Varies
Minimum trading period
1 year
Minimum annual turnover
$20,000
Exit fee
-
Repayment frequency
n/a
Repayment types
-
Card access
no
Redraw allowed
n/a
Extra repayments allowed
n/a
Other benefits
Repayments are a daily agreed percentage of merchant sales between 10% and 30%. At least 10% of the original loan value must be repaid every 90 days. Additional repayments may be made to pay down the loan faster.
Other restrictions
To be eligible for a NAB Flex-Flow Loan you must have been a NAB merchant with a NAB settlement account for a minimum of 12 months.
Portfolio Facility
Interest rate
Upfront fee
Funding speed
9.08% variable or choice of fixed options.
$0
Varies
No Partner link
Details Close
Interest Rate
9.08% variable or choice of fixed options.
Upfront Fee
$0
Ongoing Fees
$550 annual package fee
Late payment fee
-
Transaction fee
None
Early repayment penalty
Limit of $20,000 extra repayments during fixed rate period
Other fees
-
Loan type
Line of Credit
Security type
Residential Property Secured
Minimum loan amount
$1,000,000
Maximum loan amount
-
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
-
Repayment frequency
Monthly
Repayment types
Principal & Interest, Interest Only
Card access
yes
Redraw allowed
yes
Extra repayments allowed
yes
Other benefits
Package benefits includes no annual fees on up to 2 eligible NAB credit cards, NAB transaction fees and NAB ATM fees waived when accessing Facility through an ATM in Australia or overseas, 10% discount off standard premium on new NAB Car or Home Insurance
Other restrictions
-
Portfolio Facility
Interest rate
Upfront fee
Funding speed
9.18% variable or choice of fixed options.
$0
Varies
No Partner link
Details Close
Interest Rate
9.18% variable or choice of fixed options.
Upfront Fee
$0
Ongoing Fees
$550 annual package fee
Late payment fee
-
Transaction fee
None
Early repayment penalty
Limit of $20,000 extra repayments during fixed rate period
Other fees
-
Loan type
Line of Credit
Security type
Residential Property Secured
Minimum loan amount
$500,000
Maximum loan amount
$999,999
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
-
Repayment frequency
Monthly
Repayment types
Principal & Interest, Interest Only
Card access
yes
Redraw allowed
yes
Extra repayments allowed
yes
Other benefits
Package benefits includes no annual fees on up to 2 eligible NAB credit cards, NAB transaction fees and NAB ATM fees waived when accessing Facility through an ATM in Australia or overseas, 10% discount off standard premium on new NAB Car or Home Insurance
Other restrictions
-
Portfolio Facility
Interest rate
Upfront fee
Funding speed
9.28% variable or choice of fixed options.
$0
Varies
No Partner link
Details Close
Interest Rate
9.28% variable or choice of fixed options.
Upfront Fee
$0
Ongoing Fees
$550 annual package fee
Late payment fee
-
Transaction fee
None
Early repayment penalty
Limit of $20,000 extra repayments during fixed rate period
Other fees
-
Loan type
Line of Credit
Security type
Residential Property Secured
Minimum loan amount
$250,000
Maximum loan amount
$499,999
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
-
Repayment frequency
Monthly
Repayment types
Principal & Interest, Interest Only
Card access
yes
Redraw allowed
yes
Extra repayments allowed
yes
Other benefits
Package benefits includes no annual fees on up to 2 eligible NAB credit cards, NAB transaction fees and NAB ATM fees waived when accessing Facility through an ATM in Australia or overseas, 10% discount off standard premium on new NAB Car or Home Insurance
Other restrictions
-
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You can apply online through NAB's website in under 15 minutes. You'll need:
Business details including ABN/ACN
Trust deed documents (if applicable)
ATO Online Services Reports
Personal identification documents
What are the minimum requirements for a NAB QuickBiz loan?
To qualify, you must:
Be a sole trader, partnership (up to 2 partners), company (up to 5 directors), or eligible trust
Have an annual turnover of at least $75,000
Be registered for GST
Have operated under your current ABN/ACN for over 12 months
Be at least 18 years old and an Australian permanent resident.
How quickly can I receive funds from NAB?
Eligible existing NAB customers can access funds quickly after approval. The application process includes an instant decision on eligibility.
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