 |
| General Details |
|---|
|
Institution: |
IMB
|
Contact Number: |
133 462
|
|
|
Product Name: |
Secured Business Overdraft
|
Apply: |
n/a
|
|
|
|
| Product Details |
|---|
|
Loan Type: |
Overdraft
|
Repayment Type: |
Principal & Interest
|
|
|
Security Type: |
Multi
|
Min Margin: |
-
|
|
|
Max Margin: |
-
|
Interest Calculated: |
Daily
|
|
|
Min Loan Amount: |
$1,000.00
|
Max Loan Amount: |
$500,000.00
|
|
|
Min Loan Term: |
-
|
Max Loan Term: |
-
|
|
|
LVR: |
|
Is LVR Negotiable: |
False
|
|
|
Terms & Conditions Avail: |
|
Overdraft Annual Review: |
|
|
|
|
| Interest Rates |
|---|
|
Variable Rate: |
9.49%
|
Base Rate: |
-
|
|
|
Default Rate: |
-
|
1 Yr Fixed: |
-
|
|
|
2 Yr Fixed: |
-
|
3 Yr Fixed: |
-
|
|
|
4 Yr Fixed: |
-
|
5 Yr Fixed: |
-
|
|
|
6 Yr Fixed: |
-
|
7 Yr Fixed: |
-
|
|
|
|
| Fees |
|---|
|
Establishment Fee: |
0.5
|
Line Fee: |
$250.00
|
|
|
Valuation Fee: |
on application
|
Legal Fee: |
on application
|
|
|
Limit Fee: |
-
|
Unused Limit Fee: |
$250.00
|
|
|
Drawdown Fee: |
-
|
Overdraft Fee: |
-
|
|
|
Discharge Fee: |
-
|
Over Limit Fee: |
-
|
|
|
Temp Overdraft Fee: |
-
|
Switching Fee: |
-
|
|
|
Service Fee: |
$6.00
|
Service Fee Frequency: |
Monthly
|
|
|
Early Termination Fee: |
|
Comments: |
No monthly service fee on average balance greater than $5000. Based on $100,000 overdraft
|
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|
|
| Access to Account |
|---|
|
Redraw Avail: |
|
Redraw Fee: |
-
|
|
|
Cheque Access: |
|
Cheque Fee: |
$0.50
|
|
|
Credit Card Access: |
|
Credit Card Fee: |
-
|
|
|
ATM Access: |
|
ATM Fee: |
$0.50
|
|
|
EFTPOS Access: |
|
EFTPOS Fee: |
$0.50
|
|
|
Phone Access: |
|
Phone Fee: |
$0.50
|
|
|
Internet Access: |
|
Internet Fee: |
-
|
|
|
Business Card Avail: |
|
Business Card Fee: |
-
|
|
|
Other Access: |
|
Other Fee: |
-
|
|
|
|
|
