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IMB Bank Fully Drawn Business Loan (Residentially secured)

Advertiser disclosure

The details shown below are for the Fully Drawn Business Loan (Residentially secured, <$1mil) with a minimum amount of $100,000 and a maximum amount of $999,999

The details shown below are for the Fully Drawn Business Loan (Residentially secured, >$1mil) with a minimum amount of $1,000,000 and a maximum amount of $5,000,000

Choose the version of this loan that suits you best

  • Loan: $100,000 $999,999

  • Loan: $1,000,000 $5,000,000

Interest rate
2.89% p.a. Residential security rate
Security type
Residential Property Secured
Upfront fee
0.50%
Interest rate
2.89% p.a. Residential security rate
Security type
Residential Property Secured
Upfront fee
0.50%

Details

Rates and fees information correct as at 28 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

variable/fixed

2.89% p.a.Residential security rate

3.39% p.a.

2.99% p.a.

2.59% p.a.

3.89% p.a.

3.89% p.a.

n/a

n/a

Fees

0.50%

$30 per month

$0.00

not disclosed

2 months of interest at original loan rate within the first 3 years

not disclosed

Features

weekly, fortnightly, monthly

interest only, principal and interest

yes, up to 25% of original loan amount in 1st 3 yrs without penalty

yes

no

no

none

none

Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.

Details

Rates and fees information correct as at 28 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

variable/fixed

2.89% p.a.Residential security rate

3.39% p.a.

2.99% p.a.

2.59% p.a.

3.89% p.a.

3.89% p.a.

n/a

n/a

Fees

0.50%

$30 per month

$0.00

not disclosed

2 months of interest at original loan rate within the first 3 years

not disclosed

Features

weekly, fortnightly, monthly

interest only, principal and interest

yes, up to 25% of original loan amount in 1st 3 yrs without penalty

yes

no

no

none

none

Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.

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