IMB’s Fully Drawn Commercial Loans are designed with flexibility to help you achieve your business goals, whether it’s to establish your business or grow your investments. IMB’s commercial loan options include fixed or variable interest rates or a combination of both.
Category: Business Loans Last Updated March 19, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED INVESTMENT product. Additional Information 1 year fixed rate - Residential Security
Interest Rate 6.49% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
INVESTMENT, VARIABLE, 6.69%
Lending Rate Type: Variable
Interest Rate: 6.69%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, VARIABLE, 6.95%
Lending Rate Type: Variable
Interest Rate: 6.95%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.99%
Lending Rate Type: Fixed
Interest Rate: 6.99%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.99%
Lending Rate Type: Fixed
Interest Rate: 6.99%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.99%
Lending Rate Type: Fixed
Interest Rate: 6.99%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 7.24%
Lending Rate Type: Fixed
Interest Rate: 7.24%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 7.24%
Lending Rate Type: Fixed
Interest Rate: 7.24%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.49%
Lending Rate Type: Fixed
Interest Rate: 6.49%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.49%
Lending Rate Type: Fixed
Interest Rate: 6.49%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.49%
Lending Rate Type: Fixed
Interest Rate: 6.49%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.74%
Lending Rate Type: Fixed
Interest Rate: 6.74%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
INVESTMENT, FIXED, 6.74%
Lending Rate Type: Fixed
Interest Rate: 6.74%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose: Investment
Product Features
Redraw
Digital BankingAdditional Information: Internet Banking and Mobile Banking App.
NotificationsAdditional Information: IMB Alerts keep you up to date by sending you SMS or email alerts regarding your banking. Account Alerts help you keep track of your finances and Internet Banking Security Alerts to help keep you safe online. You can register for Alerts in Internet Banking.
OtherAdditional Information: Direct Credit is available on this account type.
OtherAdditional Information: Receive only
OtherAdditional Information: Receive Electronic Funds Transfers (EFT) to this account type.
OtherAdditional Information: IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.
OtherAdditional Information: IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm
Other
Npp EnabledAdditional Information: This account type is enabled to recieve Osko payments, via the New Payments Platform (NPP) only. Osko is the faster way to receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can be paid in a matter of seconds
Extra RepaymentsAdditional Information: Unrestricted additional repayments for variable loans
Extra RepaymentsAdditional Information: Up to 12 months repayments in advance without penalty for fixed loans
Product Eligibility
Business
OtherAdditional Information: Lending criteria, terms and conditions apply
Bank Fees and Charges
Monthly Fee (Periodic), Amount: 30.00.
Application Fee (Upfront), Amount: Not Listed.. Additional Information: Percentage of the facility limit
Other Fees And Charges Apply (Variable), Amount: 0.00. Additional Information: Lending criteria, terms and conditions, fees and charges apply to IMB commercial loan. A full list of fees and charges applicable to your loan will be provided on application.
