based on 541 IMB Bank product 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 24 April 2024. 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

6.34% p.a.

6.47% p.a.

$6.00 monthly

$799

5.99% p.a.

6.37% p.a.

$6.00 monthly

$799

6.14% p.a.

6.41% p.a.

$6.00 monthly

$799

6.39% p.a.

6.89% p.a.

$6.00 monthly

$799

6.29% p.a.

6.86% 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

6.64% p.a.

6.54% p.a.

$0.00

$799

6.34% p.a.

6.40% p.a.

$0.00

$799

6.84% p.a.

6.90% p.a.

$0.00

$799

6.44% p.a.

6.33% p.a.

$0.00

$799

6.14% p.a.

6.17% p.a.

$0.00

$350

6.49% p.a.

6.60% p.a.

$10.00 monthly

$0

6.19% p.a.

6.33% p.a.

$10.00 monthly

$350

6.69% p.a.

6.80% p.a.

$10.00 monthly

$0

6.39% p.a.

6.50% p.a.

$10.00 monthly

$0

6.94% p.a.

7.05% p.a.

$10.00 monthly

$0

9.26% p.a.

9.33% p.a.

$0.00

$799

8.96% p.a.

9.03% p.a.

$0.00

$799

6.79% p.a.

6.69% p.a.

$0.00

$799

6.49% p.a.

6.55% p.a.

$0.00

$799

6.34% p.a.

6.40% p.a.

$0.00

$799

6.64% p.a.

6.54% p.a.

$0.00

$799

6.74% p.a.

6.91% p.a.

$10.00 monthly

$799

6.44% p.a.

6.61% p.a.

$10.00 monthly

$799

6.89% p.a.

7.06% p.a.

$10.00 monthly

$799

6.59% p.a.

6.76% p.a.

$10.00 monthly

$799

9.83% p.a.

9.90% p.a.

$0.00

$799

9.53% p.a.

9.60% p.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
Price
Features
Customer service
Convenience
Trust

116 Reviews

Recent IMB Bank home loan reviews

IMB Bank Home Loan
Overall 6/10
Great overall

Pros: -Branch near us -Offered us a good rate with an attached savings account -The interest rates for mortgages are not the lowest, but they are competitive. -Easy to manage the home loan and accounts in the IMB app -Low to zero fees for accounts Cons: -Capped money transfer amounts which are quite low and you can't change them -No OSKO or fast money transfers, takes a bit of time -Offset account option had attached monthly fee and higher rate to secure -Customer service can be great, but have had the odd person who was quite unhelpful Overall: The main pro of our home loan with IMB is our mortgage consultant. He's a mobile lender and was always on call through the process. When queried, he gave us the most accurate and up-to-date information needed to make us at ease with any of our financial concerns.

Read full review

Pros: -Branch near us -Offered us a good rate with an attached savings account -The interest rates for mortgages are not the lowest, but they are competitive. -Easy to manage the home loan and accounts in the IMB app -Low to zero fees for accounts Cons: -Capped money transfer amounts which are quite low and you can't change them -No OSKO or fast money transfers, takes a bit of time -Offset account option had attached monthly fee and higher rate to secure -Customer service can be great, but have had the odd person who was quite unhelpful Overall: The main pro of our home loan with IMB is our mortgage consultant. He's a mobile lender and was always on call through the process. When queried, he gave us the most accurate and up-to-date information needed to make us at ease with any of our financial concerns.

Price
7/10
Features
5/10
Customer service
8/10
Convenience
8/10
Trust
5/10
Less
Melissa, New South Wales, reviewed about 1 month ago
IMB Bank Home Loan
Overall 10/10
A friendly competitive bank that really cares.

This bank has gone out of its way to support us in refinancing 2 mortgages. They gave us terrific rates and will approve us to borrow more if we need when we upgrade our current home. They are easy to book appointments with and there are no silly questions. They were creative in giving us options to minimize the interest we pay.

Read full review

This bank has gone out of its way to support us in refinancing 2 mortgages. They gave us terrific rates and will approve us to borrow more if we need when we upgrade our current home. They are easy to book appointments with and there are no silly questions. They were creative in giving us options to minimize the interest we pay.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Michelle, New South Wales, reviewed 21 days ago
IMB Bank Home Loan
Overall 10/10
IMB is the best

IMB have been fantastic in all aspects, with a really great interest rate and their customer service has always been incredibly fast and efficient! I would recommend them 110%

Read full review

IMB have been fantastic in all aspects, with a really great interest rate and their customer service has always been incredibly fast and efficient! I would recommend them 110%

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sonya, Tasmania, reviewed 16 days ago
IMB Bank Home Loan
Overall 10/10
IMB Bank - a must for first home buyers!

I have had a seamless home loan sign up/ ongoing banking experience with IMB. I am a first home buyer and settled in Dec 2022 and was blessed with an awesome and knowledgeable mobile lender in the beginning of the process. The big banks were far less competitive, unhelpful and not personable at all. IMB- especially the lender I dealt with - helped explain everything and talked me through what i would need/ what to expect and helped expedite the process for me with settlement happening a week before Christmas in 2022. I have also had plenty of great experiences at my local branch too when i have gone in to sign something or change a debit / frequency of repayments etc.

Read full review

I have had a seamless home loan sign up/ ongoing banking experience with IMB. I am a first home buyer and settled in Dec 2022 and was blessed with an awesome and knowledgeable mobile lender in the beginning of the process. The big banks were far less competitive, unhelpful and not personable at all. IMB- especially the lender I dealt with - helped explain everything and talked me through what i would need/ what to expect and helped expedite the process for me with settlement happening a week before Christmas in 2022. I have also had plenty of great experiences at my local branch too when i have gone in to sign something or change a debit / frequency of repayments etc.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sophie, New South Wales, reviewed 5 months ago
IMB Bank Home Loan
Overall 10/10
Competive Rates and Excellent Customer Service

The IMB Bank provided me with a competive Home Loan and excellent Customer Service. The sign up process with the Mobile Lender was seamless - all necessary information provided, all questions answered clearly, and the paperwork was brought to my office for me to sign. The branch staff are also always friendly and helpful and have assisted with two subsequent interest rate decreases. Highly recommended.

Read full review

The IMB Bank provided me with a competive Home Loan and excellent Customer Service. The sign up process with the Mobile Lender was seamless - all necessary information provided, all questions answered clearly, and the paperwork was brought to my office for me to sign. The branch staff are also always friendly and helpful and have assisted with two subsequent interest rate decreases. Highly recommended.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kate, New South Wales, reviewed almost 2 years 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:

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