This Commissions Guide article relates to IMB Commercial loans.
Connective will maintain this guide to the best of its ability but cannot guarantee that the information within is complete, and/or in line with the latest guidance and policies of the lender. If you believe anything is missing or inaccurate, please contact us.
Contents:
Commission Rates
| ex GST | inc GST |
Upfront | 0.6% | 0.66% |
Trail | 0.25% | 0.275% |
Upfront
Upfront is payable on lending between $10,000 to $1,000,000.
Upfront Commission is paid on the full amount of the LOC
Upfront paid on the approved amount
Trail
Trail on LOC is only payable on the drawn down amount.
On the average loan balance at the end of each commission period on balances over $1,000.00
Trail commissions will permanently stop if facility is in arrears for a consecutive period of 2 months.
Clawbacks
Period | % Clawback |
0 - 12 months | 50% |