7.6 / 10

based on 526 IMB Bank reviews as rated by Mozo community

IMB Bank home loans

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, along with boasting 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.

What home loans do IMB Bank offer?

Rates and fees verified as correct at 17 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

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

3.34% p.a.

3.21% p.a.

$6.00 monthly

$799

1.97% p.a.

2.81% p.a.

$6.00 monthly

$799

2.79% p.a.

3.50% p.a.

$6.00 monthly

$799

2.49% p.a.

3.36% p.a.

$6.00 monthly

$799

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 Budget 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 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

2.98% p.a.

2.86% p.a.

$0.00

$799

2.68% p.a.

2.74% p.a.

$0.00

$799

2.58% p.a.

2.64% p.a.

$0.00

$799

2.88% p.a.

2.76% p.a.

$0.00

$799

3.08% p.a.

3.22% p.a.

$10.00 monthly

$0

2.78% p.a.

2.92% p.a.

$10.00 monthly

$0

5.01% p.a.

5.07% p.a.

$0.00

$799

4.71% p.a.

4.77% p.a.

$0.00

$799

3.18% p.a.

3.06% p.a.

$0.00

$799

2.88% p.a.

2.94% p.a.

$0.00

$799

3.28% p.a.

3.46% p.a.

$10.00 monthly

$799

2.98% p.a.

3.17% p.a.

$10.00 monthly

$799

5.58% p.a.

5.64% p.a.

$0.00

$799

5.28% p.a.

5.34% p.a.

$0.00

$799

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

4.91% p.a.

n/a

$0.00

$799

4.91% p.a.

n/a

$0.00

$799

IMB Bank home loan features in a glance

Offset icon

Offset account

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

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IMB 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.

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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.

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Free 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.

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Mobile 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?

Mozo users have rated IMB Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
IMB Bank home loans
Overall
7.8/10
Price
Features
Customer service
Convenience
Trust

110 Reviews

Recent IMB Bank home loan reviews

IMB Bank Fixed Home Loan review
Overall 10/10
Long termer, they are reliable and trustworthy.

Customer service is key at IMB. My bank manager is great, the open communication is outstanding and I plan to continue using IMB due to their reliability and integrity.

Read full review

Customer service is key at IMB. My bank manager is great, the open communication is outstanding and I plan to continue using IMB due to their reliability and integrity.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Anne, New South Wales, reviewed 4 months ago
IMB Bank Fixed Home Loan review
Overall 10/10
Great bank and offers great rates and service.

Changed to IMB. Fantastic service, great rates and features. Highly recommend to any that are looking to refinance.

Read full review

Changed to IMB. Fantastic service, great rates and features. Highly recommend to any that are looking to refinance.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Garry, Queensland, reviewed 10 months ago
IMB Bank Standard Variable Home Loan review
Overall 10/10
Nothing but the best.

Was having some difficulty with a few other banks. Until I was told to call Vanessa M and what a legend of a phone call that was. Not only did Vanessa sort out my home loan with unreal speed and determination but she has made all my dreams come true. I have never seen someone work as hard as her. If you had a question it was already answered, if you had some doubt.. it was quickly lifted. If your life was in a muddle and didn’t know how to change the way you managed your money she quickly changed that and steered me in the right direction. I would recommend Vanessa to anyone that wants nothing but the best. Absolute unreal lady and she is an absolute asset to anyone that knows her. Thanks again Vanessa, I appreciate everything you have done for my family and I.

Read full review

Was having some difficulty with a few other banks. Until I was told to call Vanessa M and what a legend of a phone call that was. Not only did Vanessa sort out my home loan with unreal speed and determination but she has made all my dreams come true. I have never seen someone work as hard as her. If you had a question it was already answered, if you had some doubt.. it was quickly lifted. If your life was in a muddle and didn’t know how to change the way you managed your money she quickly changed that and steered me in the right direction. I would recommend Vanessa to anyone that wants nothing but the best. Absolute unreal lady and she is an absolute asset to anyone that knows her. Thanks again Vanessa, I appreciate everything you have done for my family and I.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kurt, New South Wales, reviewed 10 months ago
IMB Bank Home Loan review
Overall 1/10
Avoid

Avoid them! Started off ok, but rate has randomly increased. Terrible service, terrible site, it was just a terrible decision to refinance with them.

Read full review

Avoid them! Started off ok, but rate has randomly increased. Terrible service, terrible site, it was just a terrible decision to refinance with them.

Price
2/10
Features
5/10
Customer service
2/10
Convenience
3/10
Trust
1/10
Less
Steve, New South Wales, reviewed 10 months ago
IMB Bank Home Loan review
Overall 5/10
Not competitive for loyal customers.

I have just switched from IMB. Their rates are not competitive, especially not for their loyal customers. After you have been on their home loan for a while you may notice that they introduce a new home loan and allow your product to increase in interest rate while their new customers get a much better rate. Also they are not open to negotiating properly, apparently they would rather lose their customers than take the interest rate down. No problems as there are good quality loans out there to switch to, and I recommend taking the trouble to switch as you will save thousands.

Read full review

I have just switched from IMB. Their rates are not competitive, especially not for their loyal customers. After you have been on their home loan for a while you may notice that they introduce a new home loan and allow your product to increase in interest rate while their new customers get a much better rate. Also they are not open to negotiating properly, apparently they would rather lose their customers than take the interest rate down. No problems as there are good quality loans out there to switch to, and I recommend taking the trouble to switch as you will save thousands.

Price
5/10
Customer service
6/10
Convenience
7/10
Trust
2/10
Less
Melissa, New South Wales, reviewed about 1 year ago

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.

Home loan quick links