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Platinum Package

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IMB’s Platinum Package bundles some of our most popular products to offer you a total Better Value Banking solution, complete with discounts for one annual fee. With this package you will enjoy:

  • Lower monthly repayments with life-of-loan discounts on IMB's Standard Variable Rate and discounts on Fixed Rates1
  • Discounted Equity Line for greater flexibility12
  •  An IMB Everyday Unlimited transaction account with no monthly account keeping fee and fee free transactions across IMB’s wide range of channels2
  • 100% Off-set Account3
  •  No application fee (includes one valuation4)
  •  Flexibility to manage up to 4 loans for one annual fee
  •  $0 annual fee for IMB’s Platinum MasterCard5
  • 10% discount for the first year on Home and Contents Insurance and Landlord's Insurance policy premiums6
  • A complimentary no-obligation Financial Planning Consultation7

To be eligible you must have an initial total package borrowing8 of at least $150,000 and pay an annual fee of $395

 

Platinum Package Variable Home Loans 

 Total Package Borrowing  Interest Rate p.a. Comparison Rate p.a. #
$150,000 - $249,999 5.31% 5.69%

$250,000 - $499,999 (loan amount less than 90% of the property value)+

4.96% 5.35%
$250,000 - $499,999 (loan amount greater than 90% of the property value)+ 

5.21%

5.59%

$500,000 + (loan amount less than 90% of the property value)+ 4.96% 5.35%
$500,000 + (loan amount greater than 90% of the property value)+ 5.11% 5.49%
Package Equity Line@ 5.46% N/A

Platinum Package Fixed Rate Home Loans

Term Interest Rate p.a. Comparison Rate p.a. #
1 Year (loan amount less than 90% of the property value)+ 4.59% 5.59%
1 Year (loan amount greater than 90% of the property value)+ 4.99% 5.63%
2 Years (loan amount less than 90% of the property value)+   4.79% 5.54%

 

2 Years (loan amount greater than 90% of the property value)+  

 

4.99%

5.58%

3 Years (loan amount less than 90% of the property value)+   4.89% 5.50%
3 Years (loan amount greater than 90% of the property value)+ 5.14% 5.57%
4 Years 5.44% 5.64%
5 Years 5.49% 5.65%

 

Key features
Minimum loan amount $150,000
Maximum loan amount Up to 95% of the property value10
Home loan period Up to 30 years
Repayments Monthly / fortnightly / weekly
Additional Repayments Unrestricted on variable rate loans and up to 12 months in advance on fixed rate loans11
Free redraw facility Yes via Internet Banking
Interest charges Calculated daily, charged monthly
Fees and charges View fees and charges
Mortgage offset account Yes - 100% linking to one variable rate loan3
Loan Repayment Insurance Yes 
Line of Equity Yes when size of home loan portion is at least $75,000 and maximum Loan to Value Ratio is 90%.
Eligibility For new funds only. Not available as a switch or re-finance from another IMB home loan.

 

1. Discounts off IMB’s Standard Variable Rate and discounted fixed rates and equity line. 2. Fees apply to international transactions and transactions performed via non-IMB channels.  Direct charges apply to non-IMB and non-alliance partner ATMs.  You should consider the Product Disclosure Statement available from IMB before making a decision about this product. 3. 100% Off-set is only available using IMB Everyday or Everyday Unlimited Accounts for one variable rate loan and it does not apply to fixed rate loans under the Platinum Package or the Package Equity Line. 4. The valuation only includes single/primary security at the time of initial application.  Other valuation costs may apply. 5. Application must be made within 6 weeks of settlement on the first home loan you establish under the Platinum Package. Issued to approved applicants only. IMB’s Platinum MasterCard is issued by Card Services which is a division of Citigroup Pty Limited ABN 88 004 325 080 Australian Credit Licence 238 098 that provides and administers credit on behalf of IMB Ltd. Terms, conditions, fees and charges apply. 6. IMB arranges Home and Contents Insurance and Landlord’s Insurance on behalf of Vero Insurance Ltd ABN 48 005 297 00 AFSL 280 850.  IMB receives a commission for all insurance products arranged.  Vero policies have certain limitations, exclusions and conditions.  Please consider the Vero Product Disclosure Statement available from IMB.  All cover is subject to acceptance by Vero.  The 10% discount for the first year applies to Vero Home and Contents Insurance and Landlord’s Insurance premiums when a new policy is purchased via IMB. 7. Financial planning services in NSW are provided by IMB Financial Planning Limited ABN 23 094 730 195 AFSL 234660. 8. ‘Total package borrowing’ is the total of the balances on your home loan accounts under the Platinum Package and credit limit of any Package Equity Line.  Interest rates for variable rate home loans under the Platinum Package are based on total package borrowing at the time the loan is taken out.  Any additional repayments that you make will reduce your total package borrowing. 9. This comparison rate is based on a $150,000 secured home loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 10. Subject to LMI approval.  Maximum LVR allowed varies depending on state, occupancy, loan amount and security type. 11. Advance repayment costs may apply if you repay more than 12 months in advance on a fixed rate loan.12. Discount off IMB's Standard Variable Rate. Only available if variable or fixed rate home loan component is at least $75,000 and maximum LVR is 90%. + For new funds only. Not available as a switch from another home loan option. 

Normal IMB lending criteria, terms and conditions, fees and charges apply. Full loan terms and conditions are available upon request from any IMB branch or by calling 133 462, 8:00am to 8:00pm Mon-Fri, or 9:00am to 4:00pm Saturday. 

 
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