IMB Bank Budget Home Loan
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 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 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 85%
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 85%
Choose the version of loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 90% | $75,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $75,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 90% | $75,000 | $5,000,000 |
| | Investor | Principal & Interest | < 85% | $75,000 | $5,000,000 |
| | Investor | Interest Only | < 85% | $75,000 | $5,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $75,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $75,000 $5,000,000
-
Owner Occupier (Interest Only)
LVR < 90%
Loan: $75,000 $5,000,000
-
Investor (Principal & Interest)
LVR < 85%
Loan: $75,000 $5,000,000
-
Investor (Interest Only)
LVR < 85%
Loan: $75,000 $5,000,000
3.69% p.a.
3.72% p.a.
$0.00
IMB Bank Budget Home Loan
3.69% p.a.
3.72% p.a.
$0.00
IMB Bank Budget Home Loan
3.69% p.a.
3.72% p.a.
$0.00
4.54% p.a.
4.60% p.a.
$0.00
IMB Bank Budget Home Loan
4.54% p.a.
4.60% p.a.
$0.00
IMB Bank Budget Home Loan
4.54% p.a.
4.60% p.a.
$0.00
3.99% p.a.
4.05% p.a.
$0.00
IMB Bank Budget Home Loan
3.99% p.a.
4.05% p.a.
$0.00
IMB Bank Budget Home Loan
3.99% p.a.
4.05% p.a.
$0.00
4.09% p.a.
4.15% p.a.
$0.00
IMB Bank Budget Home Loan
4.09% p.a.
4.15% p.a.
$0.00
IMB Bank Budget Home Loan
4.09% p.a.
4.15% p.a.
$0.00
4.39% p.a.
4.45% p.a.
$0.00
IMB Bank Budget Home Loan
4.39% p.a.
4.45% p.a.
$0.00
IMB Bank Budget Home Loan
4.39% p.a.
4.45% p.a.
$0.00
Mozo Review IMB Bank Budget Home Loan Review
Last updated: 14 January 2019.
What's hot:
3.69% interest rate (3.72% comparison rate) for owner-occupiers
Free extra repayments and redraw
No application or service 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 Special home loan. With interest rates as low as 3.69% (3.72% comparison rate) for owner-occupiers 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 Special home loan has a competitive variable interest rate of 3.69% (3.72% comparison rate) on offer. This special offer also comes with no annual or application fees.
Having said that, there are a number of 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.
- Owner-occupiers, LVR 90%-95%, principal and interest repayments - 4.54% interest rate (4.60% comparison rate)
- Owner-occupiers, LVR lower than 90%, principal and interest repayments - 3.69% interest rate (3.69% comparison rate)
- Owner-occupiers, LVR lower than 90%, interest only repayments - 3.99% interest rate (4.00% comparison rate)
- Investors, LVR lower than 85%, principal and interest repayments - 4.09% interest rate (4.15% comparison rate)
- Investors, LVR lower than 85%, interest only repayments - 4.39% interest rate (4.45% comparison rate)
If you opt for one of these, there’s a $445 application fee and a $323.74 legal fee to budget for.
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 Special 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 Special 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 special offer will get the best bang for their buck with this loan, as it will mean avoiding upfront fees that accompany other versions of the loan.
Any catches?
While the loan does allow you to have a maximum LVR of 95% in some cases, remember that as with any home loan, if you’re borrowing more than 80% of the property price, you’ll need to pay mortgage lender insurance, which could add thousands to your bill.
Details
Rates and fees information correct as at 17 January 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
-
3.69% p.a.
-
n/a
-
0 Months
-
none
-
3.72% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$323.74
-
none
-
none
-
none
-
$0.00
-
$270.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 17 January 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
-
4.54% p.a.
-
n/a
-
0 Months
-
none
-
4.60% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$445.00
-
$323.74
-
none
-
none
-
none
-
$0.00
-
$270.00
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
Details
Rates and fees information correct as at 17 January 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
-
3.99% p.a.
-
n/a
-
0 Months
-
none
-
4.05% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$445.00
-
$323.74
-
none
-
none
-
none
-
$0.00
-
$270.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
90.00%
Features
-
Owner Occupier
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 17 January 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
-
4.09% p.a.
-
n/a
-
0 Months
-
none
-
4.15% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$445.00
-
$323.74
-
none
-
none
-
none
-
$0.00
-
$270.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
85.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 17 January 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
-
4.39% p.a.
-
n/a
-
0 Months
-
none
-
4.45% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$445.00
-
$323.74
-
none
-
none
-
none
-
$0.00
-
$270.00
Other financial bits
-
$75,000
-
$5,000,000
-
none
-
85.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
Customer Reviews
How are IMB Bank home loans rated by the Mozo community?
Latest reviews of IMB Bank Budget Home Loan
- 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 about 3 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 3 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 5 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 5 years ago
- Overall9/10
Great rate and great internet banking
Excellent rates, friendly staff and easy internet banking.
Read full review
Excellent rates, friendly staff and easy internet banking.
Price9/10Features7/10Customer service7/10Convenience9/10Trust9/10Less
Amanda | New South Wales
reviewed about 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.
Promoted
loans.com.au
Essentials Variable
3.64% p.a. variable
3.66% p.a.
$520
Promoted
Virgin Money
Reward Me Variable Rate Home Loan
3.73% p.a. variable
3.87% p.a.
$150
Promoted
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
3.89% p.a. variable
4.29% p.a.
$0
Promoted
Well Home Loans
Well Balanced
3.49% p.a. variable
3.53% p.a.
$600
Promoted
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
3.99% p.a.
4.38% p.a.
$0
Promoted
Virgin Money
Reward Me Variable Rate Home Loan
3.69% p.a.
3.83% p.a.
$150
Promoted
Gateway Bank
Low Rate Essentials Home Loan
3.64% p.a.
3.66% p.a.
$275
Promoted
loans.com.au
Smart Loan Fixed (Package)
3.99% p.a.
fixed 3 years
4.31% p.a.
$520
Promoted
Newcastle Permanent
Fixed Rate Home Loan
4.04% p.a.
fixed 3 years
4.84% p.a.
$0
Promoted
Bank Australia
Basic Home Loan (Fixed)
3.89% p.a.
fixed 3 years
3.99% p.a.
$0
Promoted
Well Home Loans
Well Balanced Fixed
3.83% p.a.
fixed 3 years
3.62% p.a.
$600
Promoted
NAB
Tailored Home Loan (Fixed, Choice Package)
3.99% p.a.
fixed 3 years
4.86% p.a.
$0
Promoted
Gateway Bank
Low Rate Essentials Home Loan
3.64% p.a.
3.66% p.a.
$0.00
