16.00 % p.a.
What is a NAB QuickBiz unsecured business overdraft?
A NAB QuickBiz unsecured business overdraft is a revolving facility (line of credit) of up to $50,000, that can be obtained without providing collateral. It’s available to new and existing customers, with no fixed repayments.
Benefits of a NAB QuickBiz unsecured business overdraft
Manage your cash flow
Access funds when you need them. Use it to manage unexpected payments and expenses, expand your business, or pay suppliers while waiting for customer payments.
Pay for what you use
Access the additional funds through your business transaction account and you only pay interest on the outstanding debit balance.
No assets for security
The strength of your business performance and your track record is all you need to apply - no physical assets are required for our unsecured loans.
Easy online application with instant decision
Quick online application and approval process so you can focus on your business. Apply online today and receive an instant decision.
Fast access to funds
Access the additional funds through your business transaction account and you only pay interest on the outstanding debit balance.
Ease of use
Flexibility to link a NAB Business Visa Debit card to your business account with an overdraft and access business funds wherever Visa is accepted, over the phone and overseas.
Rates and fees
Check out the rates and fees for our unsecured business overdraft.
Variable interest rate
Interest is calculated daily and only on the funds you’ve used and charged on the last banking day of the month.
Service fee
1.75 % p.a.
The service fee is applied to your approved overdraft amount and is charged on the last banking day of the month.
Minimum overdraft
$5,000
Maximum overdraft
$50,000
Getting started The application process
Step 1
Check your eligibility
- You're a sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible fund.
- You're registered for GST, have a turnover of at least $75,000 per year, and have operated under your current registered ABN or ACN for more than 12 months.
- You're at least 18 and a permanent resident of Australia.
Step 2
Apply online in under 15 minutes
Existing customers:
You'll be taken to NAB Internet Banking to log into your account to complete the application online.
New to NAB:
Apply online in as little as 15 minutes using our easy online application form.
Step 3
Get an instant decision
Once we have received all the required information, you will get an instant decision about your application.
If approved, you can access your funds instantly on the same business day once you accept your loan application documents in NAB Internet Banking.
Tap into the features of a NAB Business Visa Debit Card with your business overdraft
Most popular
NAB Business Visa Debit Card
Most popular
Link a card to your business account with an overdraft to pay for expenses online, over the phone or in person.
You might also be interested in
Here are some other business loan options that might suit your business needs.
NAB QuickBiz unsecured business loan
Fast, unsecured business lending made easy. Get access to funds for your business without physical assets as security.
NAB Business Overdraft
Manage peaks and troughs in your cash flow with an overdraft on your transaction account, starting from $20K.
Business car and equipment finance
Find the right finance solution for your vehicle and equipment needs.
Common unsecured business overdraft questions
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Access your funds instantly on a business day once you have received an approval and accepted your loan application documents in Internet Banking.
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You may need to provide a copy of your trust deeds, ATO Online Services Reports and where applicable, personal identification. For all other loan processing, you may also be asked to provide financial information such as bank statements, transaction lists, profit and loss reports and a balance sheet.
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An unsecured overdraft uses the strength of your cash flow as security, instead of physical assets. It’s generally approved quicker than a secured loan and is used for smaller amounts. Generally, you won’t have to provide as much information upfront to apply.
Learn more at Secured vs unsecured loans: what’s the difference?
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Yes – it’s easy to link your NAB account with your accounting software. This means you can control cash flow while making tax time less stressful. Best of all, it’s available for most accounting packages and is easy to set up.
Tools and calculators
NAB Business Webinars
Get digital advice from industry experts with our free webinars.
Small Biz Explorer
Use our Small Biz Explorer to find the right small business banking products for your business.
Business calculators
NAB has a range of business calculators and tools, along with a national network of business bankers to help you.
Get in touch
Contact us
Visit our business banking contact page for how-to-guides and FAQs, as well as contact numbers.
Visit a NAB branch
Our business bankers are located all around Australia.
Terms and Conditions
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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 Limited ABN 12 004 044 937.
- Rates, fees and charges
- Business Banking Fees – A guide to fees and charges
- Business lending general terms (PDF, 234KB)
Any advice contained on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this website, NAB recommends that you consider whether it is appropriate for your circumstances.
Target Market Determinations for these products are available at nab.com.au/TMD.