Rating based on 11 reviews

NAB Business Loan

Updated
NAB Business Loan homepage
Author NAB Business Loan. Screenshot of NAB Business Loan website.
[Accessed May 24, 2023]

About NAB Business Loan

National Australia Bank (NAB), is one of Australia’s “big four” banks and has a solid 150 year history and over 35,000 employees.

NAB, is a lender that truly put a lot of time, effort and resources into simplifying banking, innovating and bringing you the fastest and most convenient range of banking and lending products.

Comprehensive business products

When you’re looking for a business finance solution for your business, choosing a large provider like NAB usually makes sense since you can obtain credit at market leading rates.

In contrast, smaller lenders will usually charge you much more for any form of credit – even though they certainly may have less stringent requirements.

NAB invested over $48 million in 2016

NAB is a credit provider that seeks to improve and invest in the communities within which they operate and, last year, they invested over $48 million in community projects.

In addition, they’ve also accumulated over $7.3 billion worth of financial activities geared towards climate change.

Committed to stimulating economic growth

One of the things that truly stand out about this lender and financial services provider is their commitment to Australian businesses and the economy as a whole.

NAB Business Loan Services

NAB is one of Australia’s largest and most successful banks with personal loans, home loans and a massive range of business loan products available.

Vehicle & equipment finance

One of the primary advantages of vehicle and equipment finance is that the business or business owner does not have to offer up security since the asset will be used as security.

In addition, the interest rates are lower than with standard business loans and you can also get up to 100% of the purchase price.

NAB offers this type of business advances up to $500,000 for qualifying Australian businesses.

Business overdrafts from NAB

A business overdraft with one of Australia’s largest and most reliable banks means you will get a lower rate and an overdraft limit and repayment schedule that suits the cash flow of your business and meets your needs.

NAB offers a large range of informative articles and guides for small businesses. These articles discuss everything from business finance to marketing and can help any business reach their full potential.

NAB Business Loan – Business loan

  • Loan Type Business loans
  • Interest Rate 515% p/a
  • Loan Amount up to $1,000,000
  • Repayment 12 months to 30 years

Benefits of NAB Business Loan

  • transparent service
  • Simple online loan applications
  • Flexible business loans

 Business loan calculator

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Loan interest rates depend on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

We lend over $2 billion a month, we can help you grow your business

Without a doubt, NAB offers some of the most competitive and varied business finance products in the country and has helped more people than any other company.

Although NAB doesn’t have an online loan application, you can request a call back via their website or apply in branch.

They offer the following business loans:

  • Business overdrafts
  • QuickBiz Loans – unsecured loans of up to $50,000 are granted in just 24 hours
  • Business Markets Loans
  • International and domestic trade finance
  • Debtor and invoice finance
  • Regular business loans – borrow up to $1 million

Eligibility requirements for the QuickBiz loan

  • Have a business operating in Australia
  • Have been operating for a year or more
  • Have a valid ABN
  • GST registered
  • $100,000 turnover
  • Applicants must be Australian citizens or permanent residents

NAB’s regular business loans

With a NAB regular business loan, you can get anything from $20,000 to $1 million and choose between an interest only, principal or combination only repayment – based on the business's financial needs and status.

With a variable interest rate, you can choose a term of up to 30 years and 12 months to 15 years for a fixed rate loan.

Support for Australian businesses

NAB's commitment to supporting businesses extends to their eligibility requirements for their QuickBiz loan. 

By offering an array of business finance products, NAB remains at the forefront of assisting numerous individuals and enterprises in Australia, solidifying its reputation as a leading financial institution in the country.

I meet the requirements but my business loan application was still declined

It's important to remember that meeting all the requirements that NAB is looking for when applying for a business loan doesn’t automatically mean that you'll enjoy approval. There are a number of things that they need to check and sometimes double-check before they can grant your request.

Should your credit request be unsuccessful, NAB will always give you the reasons and will tell you what you need to fix so that you can get the green light in future.

man holding thumbs up

NAB Business Loan is a trusted & reliable provider of business loans

In our review, NAB Business Loan adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ NAB Business Loan is a registered credit provider in Australia: ACL 230686

Customer Reviews & Testimonials

October 2018

NAB uses such an easy business loan application process.

Lucy R
— Perth —

November 2018

Without the financial assistance of NAB, I don’t know where my business would have been.

Timothy V
— Canberra —

October 2018

Thanks to the agents of NAB, I finally got my business loan approved today.

Jeremy D
— Maitland —

April 2019

Thumbs up to the consultants at NAB. They made sure that I was assisted throughout my entire business loan application.

Michael G
— Canberra —

NAB Business Loan Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 08:00 – 18:00
  • Tuesday 08:00 – 18:00
  • Wednesday 08:00 – 18:00
  • Thursday 08:00 – 18:00
  • Friday 08:00 – 18:00
  • Saturday 10:00 – 16:00
  • Sunday – Closed