IMB Bank home loans

IMB Bank
IMB Bank's overall rating for home loans

(as rated by the Mozo community)

7.2 / 10

based on 20 reviews

IMB Bank has ample experience in helping Australians realise their property dreams with its extensive range of home loan products from variable and fixed to package and line of credit home loans. 

IMB has been providing banking services to Australians for more than 135 years and continues to grow its branch network throughout Sydney, ACT and Melbourne and boasts over 3,000 ATMs. It also has a network of mobile lending specialists who will come to you and help you with the home loan application process.

On this page, you’ll find a rundown on IMB’s home loan offerings as well as some helpful tips on what features you should consider when choosing an IMB home loan.

Rates and fees verified as correct at 09 December, 2016. Other information correct at the time of writing.

What home loans do IMB Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

The Fixed Home Loan from IMB is a wise choice for any owner occupiers and investors who budget around how much their loan repayments will be each month. The fixed rate is available on loans starting from $10,000 and borrowers are allowed to make up to 12 months of repayments in advance free of charge with the opportunity to redraw these extra funds via internet and mobile banking at a later date. The term of the loan also varies depending on whether you’re an owner occupier or investor, for instance if you’re an owner occupier you can secure a fixed rate for a period of 1 year up to 5 years, while investors have to choose between 1, 3, or 5 year terms. There is a monthly service fee to consider.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.05% p.a.

4.91% p.a.

$6.00 monthly

$769

3.85% p.a.

4.62% p.a.

$6.00 monthly

$769

4.94% p.a.

4.92% p.a.

$6.00 monthly

$769


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Variable Rate Home Loans Variable Rate Home Loans

IMB has an an extensive selection of variable home loans on offer from which you can choose depending on how much you need to borrow. For instance, IMB’s Accelerator Home Loan is available on loans from $75,000 while the Standard Variable Home Loan is for loans of $10,000 or more. IMB’s variable home loans are fitted with very flexible repayment terms including additional repayment flexibility, free internet and mobile banking redraws and most have a choice between weekly, monthly and fortnightly repayments. Some variable loan options including the Accelerator, Essentials and Standard Variable even have a 100% offset account to help to save interest over the term of your loan.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.64% p.a. variable for 24 months and then 4.49%

4.39% p.a.

$0.00

$769

3.87% p.a.

3.92% p.a.

$0.00

$769

4.29% p.a.

4.34% p.a.

$0.00

$769

4.09% p.a.

4.09% p.a.

$0.00

$0

4.09% p.a.

4.14% p.a.

$0.00

$769

4.31% p.a.

4.36% p.a.

$0.00

$769

3.99% p.a. variable for 12 months and then 4.74%

4.84% p.a.

$10.00 monthly

$769

5.31% p.a.

5.36% p.a.

$0.00

$769

4.99% p.a.

5.04% p.a.

$0.00

$769


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Fixed Package Home Loan Fixed Package Home Loan

For loans over $150,000, consider the IMB fixed rate Platinum Home Loan Package. Although there is an annual fee to consider, if you have an Everyday Unlimited transaction account or a Platinum or Rewards MasterCard with IMB, fees will be waived on those. The package also includes a range of features to help you pay off your loan in a way that suits your budget and lifestyle, including unlimited free extra repayments, a free redraw facility with a minimum of $500 and the option to split your loan between fixed and variable rates.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.95% p.a.

5.12% p.a.

$395.00 yearly

$324

3.75% p.a.

4.70% p.a.

$395.00 yearly

$324

4.84% p.a.

4.99% p.a.

$395.00 yearly

$324


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Variable Package Home Loan Variable Package Home Loan

For a little extra flexibility of loans over $150,000, why not check out the variable rate Platinum Home Loan Package from IMB. Like the fixed rate alternative, there is an annual fee, but in return, fees on your Platinum or Rewards MasterCard or your Everyday Unlimited transaction account will be waived. The variable rate package offers all the same great features that the fixed rate does, with the added bonus of an offset account to help you save on your home loan. You can choose to make payments in weekly, fortnightly or monthly installments.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.66% p.a.

5.06% p.a.

$395.00 yearly

$324

4.46% p.a.

4.87% p.a.

$395.00 yearly

$324

4.34% p.a.

4.75% p.a.

$395.00 yearly

$324

4.49% p.a.

4.90% p.a.

$395.00 yearly

$324

4.34% p.a.

4.75% p.a.

$395.00 yearly

$324

4.24% p.a.

4.65% p.a.

$395.00 yearly

$324

4.49% p.a.

4.90% p.a.

$395.00 yearly

$324


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Line of Credit Line of Credit

Line of Credit

The IMB Equity Line Advantage is available on loans starting from $20,000 (up to $1,000,000) and allows you to borrow up to 90% of the property value. The Equity Line Advantage Loan from IMB has a bundle of competitive features including additional repayment flexibility and a choice of monthly, fortnightly or weekly repayments. Plus, you’ll be able to save a bucketload on interest payments since your salary will be directly deposited into your Equity Line Advantage home loan. When you need to draw out cash, you’ll have 24/7 access to your home loan via internet and mobile banking, phone banking, credit card and branch, however transaction fees may apply.

Product Rate Comparison Rate* Service fee Upfront fee

5.19% p.a.

n/a

$0.00

$769

5.19% p.a.

n/a

$0.00

$769

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IMB Bank home loan features in a glance

Offset accountOffset account

Saving on interest is a breeze with a 100% offset account featured with IMB’s Accelerator, Essential and Standard Variable home loans.

IMB Bridging FinanceIMB Bridging Finance

 IMB’s Bridging Finance is exclusively available to personal borrowers for up to 12 months and on loan amounts starting from $20,000. With IMB Bridging Finance, you don’t have to make any repayments on your new loan until your existing property is sold.

Additional repayments Additional repayments 

Extra repayment flexibility is a handy feature to have when you want to get debt free sooner. The variable home loan options with IMB allow unlimited additional repayments whereas if you choose a fixed home loan you’ll only be able to make repayments for up to 12 months in advance without incurring charges.

Free redrawsFree redraws

In case you need to draw out any extra funds to cover your day to day living expenses, IMB’s variable, fixed and package home loans allow free redraws via internet and mobile banking.

Mobile lending specialistMobile lending specialist

Is applying for your home loan a little daunting? IMB have an extensive network of mobile lending specialists that will come to you at a time of your convenience to walk you through the entire application process.

How are IMB Bank home loans rated?

With interest rates at a record low, it’s now more imperative than ever to compare home loan providers and products on factors other than price. Our rate and review service asks real customers to rate IMB home loans on everything from convenience and features to customer service and trustworthiness.

IMB Bank home loans

Overall 7.2*

Price

Features

Customer service

Convenience

Trust

20 Reviews

* Overall rating based on reviews in the past 12 months.

Recent IMB Bank home loan reviews Recent IMB Bank home loan reviews

IMB Bank

IMB Bank Fixed Home Loan (LVR<90%, Owner Occupier) home loan review

Overall rating   8 / 10

Exceptional customer service.

The main pro of our home loan with IMB is our mortgage consultant. He's a mobile lender and is always on call. When queried, he gives us the most accurate and up-to-date information needed to make us at ease with any of our financial concerns....

Full review

The main pro of our home loan with IMB is our mortgage consultant. He's a mobile lender and is always on call. When queried, he gives us the most accurate and up-to-date information needed to make us at ease with any of our financial concerns. Being mobile comes in handy since the main con is that there are limited branches of this building society.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   0 / 10

    Trust   10 / 10

Less

Therese (NSW), reviewed 11 months ago

IMB Bank

IMB Bank Budget Home Loan (LVR<90%, Owner Occupier) home loan review

Overall rating   8 / 10

Would recommend

Personal service. Great rate

Full review

Personal service. Great rate

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Tracey (WA), reviewed 12 months ago

IMB Bank

IMB Bank home loan review

Overall rating   5 / 10

Good customer service.

Good customer service but lacking in communication reply rates

Full review

Good customer service but lacking in communication reply rates

    Price   7 / 10

    Features   4 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   6 / 10

Less

Neil (NSW), reviewed 12 months ago

IMB Bank

IMB Bank Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Friendly, approachable and great customer care.

Personalised service like a small bank with big bank options.

Full review

Personalised service like a small bank with big bank options.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Patricia (NSW), reviewed about 1 year ago

IMB Bank

IMB Bank Essentials Home Loan (LVR<80%, Owner Occupier) home loan review

Overall rating   9 / 10

They remember your name!

IMB have been really great - after getting our home loan with them after previously after an account with the big four, the customer service difference was amazing. They really do remember our names when we come in! Also a really competitive rate...

Full review

IMB have been really great - after getting our home loan with them after previously after an account with the big four, the customer service difference was amazing. They really do remember our names when we come in! Also a really competitive rate compared with the rest of the market.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   10 / 10

Less

Liz (ACT), reviewed about 1 year ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a IMB Bank home loan? What do you need to apply for a IMB Bank home loan?

If you want to apply for a home loan with IMB, you’ll need to complete an online application form.

Like any home loan application, you’ll need to provide the following:
  • Identification (i.e. passport, driver’s licence)
  • Details of your income including rental income, government income, shares, superannuation and self employed or trust income.
  • Details of your assets including properties, existing investments and bank accounts.
  • Details of any financial liabilities including existing loans, credit cards and store cards.

Should you need assistance at any stage of the process, you can contact an IMB Bank loan specialist who can assist you in completing the application over the phone.

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