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Bank raises commercial loan rates
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Bank raises commercial loan rates

Reporter Comments 0 — 1 minute read

IMB Bank has announced that it has increased the interest rate on its commercial variable loans by 10 basis points as a result of “increased costs of funding”.

The changes apply to existing business banking, commercial and SMSF fully drawn variable loans.

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The fully drawn business loan (commercial security) rates now start from 4.89 per cent, while fully drawn business loan (residential security) start from 4.39 per cent.

Interest rates on self-managed superannuation fund loans are available on application.

[Related: Lender’s SME loan product swells by 52%]

Bank raises commercial loan rates
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