Finance for managing cash flow

NAB QuickBiz Overdraft

Apply online for an unsecured business overdraft and receive an instant decision. No physical assets required for security and fast access to funds.

Features

  • Easy online application and instant decision.

  • Existing NAB customers applying in NAB Internet Banking can access funds instantly (on a business day) if approved.

  • No assets required for security, the strength of your business and track record is all you need to apply.

  • Borrow from $5,000 to $50,000 and only pay for what you need.
Apply online in less than 15 minutes
Get started , opens in new window

Fees and charges

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.		 16.00%
Service fee
The service fee is applied to your approved overdraft amount and is charged on the last banking day of the month.		 1.75%

Minimum overdraft

 $5,000

Maximum overdraft

$50,000

Getting started Applying for NAB QuickBiz Overdraft

Check you’re eligible to apply online

  • You’re 18 years of age or older

  • You have a valid ABN registered for at least 12 months

  • You have an annual turnover of at least $75,000

  • Your business is registered for GST

  • Your business is an eligible entity

Next steps

  • We may ask you for information on your current level of tax debt and repayment plans with the ATO and tax residency details

  • If approved, receive and accept your loan documentation in NAB Internet Banking

  • Once complete, you may be able to access funds instantly (on a business day) through NAB Internet Banking, if eligible

Apply online in less than 15 minutes
Get started , opens in new window

Terms and Conditions

NAB QuickBiz Overdraft

Standard product information

The overdraft is available as a variable interest rate only. Debit interest is calculated on the daily outstanding balance and is charged to the account on the last banking day of the month. A QuickBiz Overdraft service fee applies and is charged to the account on the last banking day of each month. Fees and charges may apply to your linked transaction account.

You can only borrow up to $50,000 in total limits across both a NAB QuickBiz Overdraft and NAB Business Credit Cards (applied for online).

The NAB QuickBiz Overdraft is only available as a new facility. It can’t be applied to existing NAB business overdrafts.

View NAB QuickBiz Overdraft eligibility criteria, opens in new window.

These products are issued by National Australia Bank Limited ABN 12 004 044 937.

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.

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, opens in new window.