IMB Bank Budget Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan between $75,000 and $5,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $75,000 and $5,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $75,000 and $5,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $75,000 and $5,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan between $75,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $75,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $75,000 and $5,000,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | 70%-90% | $75,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | < 70% | $75,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $75,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 70% | $75,000 | $5,000,000 |
| | Owner Occupier | Interest Only | 70%-90% | $75,000 | $5,000,000 |
| | Investor | Principal & Interest | < 90% | $75,000 | $5,000,000 |
| | Investor | Interest Only | < 90% | $75,000 | $5,000,000 |
-
Owner Occupier (Principal & Interest)
LVR 70%-90%
Loan: $75,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $75,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $75,000 $5,000,000
-
Owner Occupier (Interest Only)
LVR < 70%
Loan: $75,000 $5,000,000
-
Owner Occupier (Interest Only)
LVR 70%-90%
Loan: $75,000 $5,000,000
-
Investor (Principal & Interest)
LVR < 90%
Loan: $75,000 $5,000,000
-
Investor (Interest Only)
LVR < 90%
Loan: $75,000 $5,000,000
3.13% p.a.
3.19% p.a.
$0.00
IMB Bank Budget Home Loan
3.13% p.a.
3.19% p.a.
$0.00
IMB Bank Budget Home Loan
3.13% p.a.
3.19% p.a.
$0.00
3.03% p.a.
3.09% p.a.
$0.00
IMB Bank Budget Home Loan
3.03% p.a.
3.09% p.a.
$0.00
IMB Bank Budget Home Loan
3.03% p.a.
3.09% p.a.
$0.00
3.48% p.a.
3.54% p.a.
$0.00
IMB Bank Budget Home Loan
3.48% p.a.
3.54% p.a.
$0.00
IMB Bank Budget Home Loan
3.48% p.a.
3.54% p.a.
$0.00
3.33% p.a.
3.21% p.a.
$0.00
IMB Bank Budget Home Loan
3.33% p.a.
3.21% p.a.
$0.00
IMB Bank Budget Home Loan
3.33% p.a.
3.21% p.a.
$0.00
3.43% p.a.
3.31% p.a.
$0.00
IMB Bank Budget Home Loan
3.43% p.a.
3.31% p.a.
$0.00
IMB Bank Budget Home Loan
3.43% p.a.
3.31% p.a.
$0.00
3.48% p.a.
3.54% p.a.
$0.00
IMB Bank Budget Home Loan
3.48% p.a.
3.54% p.a.
$0.00
IMB Bank Budget Home Loan
3.48% p.a.
3.54% p.a.
$0.00
3.78% p.a.
3.66% p.a.
$0.00
IMB Bank Budget Home Loan
3.78% p.a.
3.66% p.a.
$0.00
IMB Bank Budget Home Loan
3.78% p.a.
3.66% p.a.
$0.00
Mozo Review IMB Bank Budget Home Loan Review
Last updated: 21 November 2019.
What's hot:
Rates from 3.03% (3.09% comparison rate*) for owner occupiers
Free extra repayments and redraw
Zero ongoing fees
What's not:
Minimum $500 redraw
Mozo snapshot:
If you're on the hunt for a low variable interest rate for your new home then take a look at IMB Bank’s Budget home loan. With interest rates as low as 3.03% (3.09% comparison rate*) for owner-occupiers with at least a 30% deposit, and no upfront fees, getting this loan starts you off on the right foot. It also comes with features such as free extra repayments and a redraw facility, as well as a split rate option.
Key features:
Interest rates are one of the most important aspect of your home loan, and the IMB Bank Budget Home Loan has a number of competitive variable interest rates starting from just 3.03% (3.09% comparison rate*) for borrowers with a deposit of at least 30%.
Having said that, there are a number of other IMB Bank Budget home loan rate tiers available that differ depending on how much you have saved as a deposit, what kind of borrower you are and what kind of repayments you’re making.
Whether you’re wanting to purchase your first apartment, or you're looking to upscale into a seaside villa, the wide $75,000 - $5,000,000 loan limits, will give you a good opportunity to get the home you need. Plus the IMB Bank Budget home loan lets you choose between weekly, fortnightly and monthly repayment terms.
If you want to save on interest by making extra repayments, you’ll be able to do so for free. And if you need to get that money back for some extra help on a rainy day, you can do so for no extra costs, as long as you redraw a minimum of $500.
With the IMB Bank Budget home loan you’re also able to take advantage of a split rate option, so you can have both the consistency of a fixed rate and the flexibility of a variable rate.
Who it's good for:
Owner occupiers who are able to take advantage of the competitive low rate offer for higher deposits will get great bang for their buck with IMB Bank's Budget Home Loan.
Any catches?
Aside from the higher LVR (70%) requirement for the lowest interest rate tier, borrowers will also need to remember that the loan does come with a $449.00 application fee and $350.00 legal fee.
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.13% p.a.
-
n/a
-
n/a
-
n/a
-
3.19% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$449.00
-
$350.00
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
70.00%
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
An IMB transaction account must be opened with the loan to be eligible for this interest rate.
-
none
-
none
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.03% p.a.
-
n/a
-
n/a
-
n/a
-
3.09% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$445.00
-
$323.74
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
70.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.48% p.a.
-
n/a
-
n/a
-
n/a
-
3.54% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$449.00
-
$350.00
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
90.00%
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.33% p.a.
-
n/a
-
n/a
-
n/a
-
3.21% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$449.00
-
$350.00
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
70.00%
Features
-
Owner Occupier
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.43% p.a.
-
n/a
-
n/a
-
n/a
-
3.31% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$449.00
-
$350.00
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
70.00%
-
90.00%
Features
-
Owner Occupier
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.48% p.a.
-
n/a
-
n/a
-
n/a
-
3.54% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$449.00
-
$350.00
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
90.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
3.78% p.a.
-
n/a
-
n/a
-
n/a
-
3.66% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$449.00
-
$350.00
-
n/a
-
n/a
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
90.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are IMB Bank home loans rated by the Mozo community?
Latest reviews of IMB Bank Budget Home Loan
- Overall10/10
Easy access to online app.
Totally awesome great customer service and very helpful. Rates are very low. Recommend to anyone.
Read full review
Totally awesome great customer service and very helpful. Rates are very low. Recommend to anyone.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Christopher | New South Wales
reviewed 26 days ago
- Overall8/10
Would recommend
Personal service. Great rate
Read full review
Personal service. Great rate
Price9/10Features9/10Customer service9/10Convenience9/10Trust9/10Less
Tracey | Western Australia
reviewed almost 4 years ago
- Overall5/10
Over twenty years with them
I gave this harsh review for one reason. I had banked with the IMB since I was a child. When I...
Read full review
I gave this harsh review for one reason. I had banked with the IMB since I was a child. When I took over a Transport company in my twenties, I continued to use them for every service they could provide. I can say that for over twelve months I had all my incoming finances landing there, over 30K/mth. A lot of this was outgoing business expenses but I was earning very good money. I was utterly shattered when they rejected my application for a home loan, over twenty years with them and I was treated like a number. Anyway, I did get my home loan from another bank, and they have the pleasure of earning interest from my financial activities.
Price7/10Features7/10Customer service3/10Convenience5/10Trust2/10Less
John | New South Wales
reviewed over 4 years ago
- Overall6/10
Personal service, real people, good products.
The IMB still gives you the old fashioned service whilst being a modern organisation.
Read full review
The IMB still gives you the old fashioned service whilst being a modern organisation.
Price6/10Features4/10Customer service10/10Convenience10/10Trust6/10Less
Julie | Australian Capital Territory
reviewed over 6 years ago
- Overall10/10
Home loan
I find them very helpful and would refer to anyone.
Read full review
I find them very helpful and would refer to anyone.
Price7/10Features7/10Customer service10/10Convenience10/10Trust10/10Less
Name not supplied | New South Wales
reviewed over 6 years ago
About IMB Bank
IMB is one of Australia's largest building society servicing the lower east coast of Australia. IMB's better value banking offers its customers lower cost banking and secure services. IMBs' face-to-face facilities allow them to offer a more personalised service in taking care of the IMB community. IMB offers a range of products including insurance, business banking, term deposits, saving & transaction accounts and home & personal loans.
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