LIMITED TIME OFFER
6.25
% p.a
Rate shown is for loans with residential security and P&I repayments. Loan amounts $1M–$5M. LVR <60%.
Other rates available for 60-80% LVR or Commercial Security.
LIMITED TIME OFFER
6.25
% p.a
Rate shown is for loans with residential security and P&I repayments. Loan amounts $1M–$5M. LVR <60%.
Other rates available for 60-80% LVR or Commercial Security.
Similar to a mortgage, your business can borrow an amount secured by property (residential or commercial) and repay it on a predetermined schedule, with interest.
Our business banking managers can help you structure a loan in a way that suits your business and cashflow needs.
$20,000
$10,000,000
Up to 25 years
Principal & Interest / Interest Only
Monthly / fortnightly / weekly
2 months of interest on the original loan amount is payable if the loan is fully repaid within the first 3 years
Yes (On both the fixed and variable rate commercial loan products)
Monthly
Yes - Free of charge
Interest Rate | |
---|---|
Fully Drawn Business Loan (Residential Security) | 6.69 % p.a |
Fully Drawn Business Loan (Commercial Security) - Rates starting from | 6.85 % p.a |
LVR | Interest Rate | |
---|---|---|
Special - Fully Drawn Business Loan (Commercial Security) | 0-60% | 6.35 % p.a |
Special - Fully Drawn Business Loan (Commercial Security) | 60-80% | 6.45 % p.a |
Special - Fully Drawn Business Loan (Residential Security) | 0-60% | 6.25 % p.a |
Special - Fully Drawn Business Loan (Residential Security) | 60-80% | 6.35 % p.a |
Term | Residential Security | Commercial Security |
---|---|---|
1 year | 6.49 % p.a | 6.99 % p.a |
2 years | 6.49 % p.a | 6.99 % p.a |
3 years | 6.49 % p.a | 6.99 % p.a |
4 years | 6.74 % p.a | 7.24 % p.a |
5 years | 6.74 % p.a | 7.24 % p.a |
For your business to grow, you need the right equipment. We’ve partnered with Angle Finance to offer secured finance for equipment purchases3.
Motor vehicles or yellow goods
For any asset on wheels or tracks, from commercial vehicles (up to 4.5 tonnes) to excavators, backhoes, forklifts and mowers.
Secondary and tertiary assets
Industrial, medical, planting, printing, IT and office equipment
Key Features
A Secured or an Unsecured Business Overdraft works in conjunction with your IMB Business Transaction Account to assist you with the day-to-day working capital requirements of your business.
$20,000
$500,000 (higher amounts may be
considered on an individual basis)
Monthly
Secured and Unsecured
May be secured by residential, commercial or industrial property
Branch, ATM, IMB Visa Debit, EFTPOS, Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Internet, Mobile and Phone Banking
Product | Interest Rate |
---|---|
Secured Business Overdraft | 7.84 % p.a |
Unsecured Business Overdraft | 10.84 % p.a |
We can provide a contract retention or lease bond through our Performance Guarantee to free up your working capital for business operations. This is secured by property mortgage or funds held on deposit.
No minimum
$500,000 (higher amounts may be
considered on an individual basis)
As required or open ended
Nil
Establishment and 6 monthly fees apply. Contact an IMB Business Relationship Manager for details
Security is a fundamental right for our customers, and we hold it as one of our core values.
General
Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply and available upon request.
Interest rates are for new applications only and they are not available for refinance of existing IMB loans. A borrower margin may apply.
*Available for a limited time on new Fully Drawn Commercial Loan applications received from 05/09/2024 until offer is withdrawn. For loan amounts $1M-$5M with an LVR <80% and P&I repayments. Offer is not available for non-standard securities, SMSF and D&C loans, or refinance of existing IMB loans. Different lending criteria and establishment fees may apply to business loans with a higher LVR, interest-only repayments or for loan amounts <$1M.
Rates and Features
1. Minimum redraw $500.
2. Fixed interest rates are indicative and may vary on settlement. All fixed rate loans convert to a variable rate at the end of the fixed rate loan term.
3. The information presented about Angle Finance products is factual only and is not intended to imply any recommendation or opinion by IMB about Angle Finance products. Equipment finance is provided by Angle Finance, a trading name of ACN 603 303 126 Pty Ltd, ABN 98 603 303 216. All applications are subject to Angle Finance lending criteria, terms and conditions, and must be for business purposes. IMB is not a Credit Representative for Angle Finance and is not able to give advice about Angle financial products. You should consider the relevant Angle Finance terms and conditions before deciding whether to acquire any products or services. IMB receives a commission from Angle Finance when an IMB customer purchases Angle Finance products.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.