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.
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 |
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.
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 |
Saving on interest is a breeze with a 100% offset account featured with IMB’s Essentials and Standard Variable home loans.
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.
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.
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.
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.
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.
116 Reviews
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 reviewPros: -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.
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 reviewThis 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.
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 reviewIMB 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%
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 reviewI 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.
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 reviewThe 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.
If you want to apply for a home loan with IMB, you’ll need to complete an online application form.
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.