Personal Investor




General Details
Institution: IMB
 Contact Number: 133 462
Product Name: IMB Lo Doc Home Loan


Product Details
Availability:
Loan Purpose: Owner Occupied OR Investment
Min Loan Amount (,000): $100
 Max Loan Amount (,000 with Morgage Insurance): $1,000,000
Max Loan Amount (,000 without Morgage Insurance): $1,000,000
 Max Loan to Value Ratio (without Morgage Insurance): 60%
Max Loan to Value Ratio (with Morgage Insurance): 80%
 Max Loan Term: 30

Interest Rates
Interest Rate: 8.07%


Fees
Application Fee: 295
 Settlement Fee: 300
Other Fee: Rate reverts to 7.77% p.a after 3 years. $10 monthly service fee. Early Termination Fee of $1500 is payable if the security for the loan is discharged within 3 years of the settlement date A legal fee of $313.50 also applies. 100% Lend not available on this product



Features
Weekly Repayments:
Fortnightly Repayments:
Monthly Repayments:
Extra Repayments:
Repayment Comments:
Redraw:
Min Redraw Amt: $2,000
 Redraw Comments: Redraw fee free via Internet, otherwise a $50 fee applies via other channels
Portability:
Portability Fee: $600
Split Loan: