Your selected small business
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.
Fast decision on applications
No upfront or ongoing fees
Flexible loan terms up to 5 years
Speedy fund access for eligible existing customers
Minimum annual turnover requirement of $75,000
Business must be operating for at least 12 months
NAB's QuickBiz unsecured business loan not only has a fast online application process that can be completed in under 15 minutes, it can also be approved quickly. This means your business can potentially get fast access to funds with loan amounts ranging from $5,000 to $250,000.
One great feature of this loan is the complete absence of upfront and ongoing fees, making it easier for businesses to get a full picture of total borrowing costs. These loans come with a fixed interest rate of 12.95% p.a. And flexible loan terms of up to 5 years allowing businesses to structure their repayments in a way that suits their cash flow.
Since NAB's QuickBiz business loan is unsecured, businesses don't need to put forward physical assets as security, with approval instead based on business performance and track record.
The eligibility criteria is also relatively straightforward, though businesses need to demonstrate a minimum annual turnover of $75,000 and at least 12 months of operation under their current ABN or ACN. That means this loan is more suited to established businesses rather than startups.
Your selected small business
You can apply online through NAB's website in under 15 minutes. You'll need:
To qualify, you must:
Eligible existing NAB customers can access funds quickly after approval. The application process includes an instant decision on eligibility.
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