IMB Repayment Knock Out - Terms and Conditions

1. The Repayment Knock Out (the "Offer”) is provided by IMB Ltd trading as IMB .

ABN 92 087 651 974. AFSL / Australian Credit Licence 237 391 (“IMB”).

2. To be eligible to participate in the Offer you must meet the following criteria:

• you must be over 18 years old and an Australian resident

• you must have a current owner occupier home loan which is secured by residential

property with one of the following of the (the “Home Loan”):

o and New Zealand

o Banking Group Limited (ANZ)

o of Australia (CBA)

o Limited (NAB)

o Banking Corporation (Westpac) (investment loans and home loans with subsidiaries, divisions or other brands of

these banks such as UBank (NAB), (CBA) or St George Bank (Westpac )

are not included)

• you must have a Home Loan with a variable interest rate (home loans with fixed

interest rates are not included) which you have had for at least 3 years

• you must have a Home Loan with principal and interest repayments (home loans with

interest only repayments are not included)

• you must have a Home Loan which is less than or equal to 90% of the property value

with an outstanding balance (excluding any amount that may be redrawn) of at least

$250,000 • you must currently be receiving a regular PAYG income from an employer (primary

source of income does not include rental income, unemployment benefits,

superannuation, pension and family payments)

• you must attend a face to face appointment with an IMB lender so the IMB lender can

make a comparison between your Home Loan and equivalent home loans offered by

IMB

• appointments can be booked online (see www.imb.com.au), by calling IMB Direct on

133 462 or by visiting an IMB branch. Given the constraints of time and staff, limited

appointments are available and they will be allocated at our discretion. If we are not

able to offer you an appointment because all available appointments have been

booked you will not be able to participate in the Offer

• IMB Bank may withdraw this offer at any time at its discretion.

• you must provide the following documents at your appointment:

o the contract for your Home Loan and a current statement which provide sufficient details to show you have a Home Loan which meets the above

eligibility criteria for the Offer to our reasonable satisfaction including the

name of the Home Loan product, current interest rate, repayment details,

outstanding balance (excluding redraw), initial and remaining term on your

Home Loan (or other documents which show this information to our

reasonable satisfaction)

o your rates notice

o your most recent payslip

o any other documents we reasonably require to be satisfied that you meet the above eligibility criteria for the Offer.

3. At the appointment you attend with the IMB lender a comparison will be made by the IMB

lender between the monthly repayments you are making on your Home Loan and the monthly repayments that you would be required to make on equivalent home loans

currently offered by IMB taking into account the following:

• the remaining term of your Home Loan

• the current interest rate you are paying on your Home Loan

• principal and interest repayments

• any upfront IMB fees which would be payable on an IMB home loan (e.g. an

application fee)

• any ongoing fees which would be payable on an IMB home loan (e.g. monthly or

annual fees)

• the availability of a redraw facility or an offset account on your Home Loan.

The comparison does not take into account any discharge fees which may be payable in

relation to your Home Loan and it does not include any other savings on banking,

investment and insurance products which may be available with your Home Loan as part

of a package or otherwise in addition to your Home Loan.

If after making the above comparison the IMB lender is not able to show that the monthly

repayments on your Home Loan are more than the monthly repayments you would be

required to make on an equivalent home loan we currently offer, we will pay you $1,000.

4. The $1,000 payment will paid via a cheque after you have attended your appointment

with an IMB lender. It will not be paid in "cash" (i.e. notes and/or coins) or via direct

deposit.

5. The Offer is limited to one (1) $1,000 payment per household.

6. Once you have become entitled to receive a $1,000 payment under this Offer, you will

not be eligible to participate in the Offer again.

7. IMB accepts no responsibility for any tax implications that may arise from the $1,000

payment. You should seek independent advice in this regard.

8. Any loan applications that you may choose to submit to IMB having taken advantage of

this Offer will be subject to IMB’s standard credit assessment, approval processes and

lending terms and conditions. Nothing about this Offer should be construed as an offer

by IMB to provide credit.

9. Fees and charges apply to IMB home loans. A list of fees and charges is available upon

request.

10. The Offer is not available in relation to any loans on which an IMB staff member is

named as a borrower.

11. Participation in this offer is deemed acceptance of these terms and conditions.