IMB BankBusiness Loan
Fully Drawn Commercial Loan
Offered by IMB Bank
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Key Product Facts
Product type
Business Loan
Indicative rate
6.69%
Product overview
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.
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
6.69%
Comparison rate
N/A
How much would $50,000 cost?
Example repayments based on borrowing $50,000 at the displayed primary rate over the product's available maximum term.
Example amount
$50,000
Estimated repayment
$982.76/ month
Example term
5 years
Illustration only: this calculation assumes a constant rate and regular monthly principal-and-interest repayments. It does not include all fees, charges, insurance or other costs, and the actual repayment offered by the provider may differ.
Estimated total repayments
$58,965.80
Estimated interest
$8,965.80
Key product details
- Category
- Business Loans
- Subcategory
- Business Loan
- Purpose
- Not specified
- Repayment type
- UNCONSTRAINED