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I want to get a commercial loan from IMB bank

Posted: Sun Mar 06, 2016 9:08 am
by surfer
My friends have been dealing with IMB for over 5 years and they have never said anything bad about them so far. If any issue pops up, it gets resolved quickly after communicating it to the bank staff. I trust my friends and so I'm thinking of getting a commercial loan with from IMB bank to buy a warehouse.

Since my friends actually haven't taken out a major mortgage with IMB, I just want to know how they are when it actually comes down to a commercial finance. Any info would be greatly appreciated.

Re: I want to get a commercial loan from IMB bank

Posted: Mon Mar 07, 2016 8:16 am
by Otto Dargan
Hi surfer,

We have written a review on IMB Commercial so you can check that out to find out what exactly IMB Commercial is great at and what drawbacks they present. Here are a few major ones though.

IMB bank is great at customer service and your friends are proof of just that. They are also great at financing small commercial property, especially if it's a standard commercial property such as a warehouse.

You may be able to borrow up to 75% of the property value with them, which is higher than most commercial lenders. Also, there are no annual reviews on most of their loans.

However, they don't do low doc commercial property loans, and their loans must be secured by residential, rural or commercial property.

You can check out our website to learn more in detail. You can also speak with one of our commercial loan specialists by calling us on 1300 889 743 or sending in a free online enquiry.

Cheers,
Otto

Re: I want to get a commercial loan from IMB bank

Posted: Mon Mar 07, 2016 10:02 am
by surfer
Thanks a lot, Otto. A review such as the one you linked was exactly what I was looking for. I'm glad I went with IMB since 75% LVR would really be great. I'll call in to see if I can qualify for that or if I have to meet any special requirements. Talk soon. Bye.