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Consolidate your finances, minimise your interest. The IMB Equity Line Advantage is a line of credit, with an approved credit limit available to use when you need it. And you only pay interest on the amount you use, not the entire credit limit.
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| Key features | |
|---|---|
| Minimum loan amount | $20,000 |
| Maximum LVR2 |
Up to 90% of the property value |
| Maximum loan amount | $1,000,000 |
| Home loan period | Up to 15 years. After 15 years the loan converts to a reducing credit facility. |
| Repayments | Monthly |
| Additional Repayments | Yes |
| Access | Access is via Internet and Mobile Banking, Phone Banking, Debit Card, IMB Branches, Cheque. |
| Split loan | Available |
| Interest charges | Calculated daily, charged monthly |
| Fees and charges | View fees and charges |
| Mortgage offset account | No |
| Loan Repayment Insurance | Yes |
| Eligibility | For new funds only. Not available as a switch or re-finance from another IMB home loan. |
| Interest Rate | Comparison Rate | |
|---|---|---|
| Equity Line Advantage | 5.16% pa | N/A |
Important Information:
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. 1. Transaction fees apply. 2. Maximum allowed varies depending on state, occupancy, loan amount and security type.