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 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 owner occupier taking out a interest only loan between $75,000 and $5,000,000 with an LVR below 95%
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% | $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 |
| | Owner Occupier | Interest Only | 90%-95% | $75,000 | $5,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $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
-
Owner Occupier (Interest Only)
LVR 90%-95%
Loan: $75,000 $5,000,000
3.69% p.a.
3.69% p.a.
$0.00
IMB Bank Budget Home Loan
3.69% p.a.
3.69% p.a.
$0.00
4.05% p.a.
4.11% p.a.
$0.00
IMB Bank Budget Home Loan
4.05% p.a.
4.11% 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
4.27% p.a.
4.33% p.a.
$0.00
IMB Bank Budget Home Loan
4.27% p.a.
4.33% p.a.
$0.00
4.69% p.a.
4.74% p.a.
$0.00
IMB Bank Budget Home Loan
4.69% p.a.
4.74% p.a.
$0.00
Mozo Review IMB Bank Budget Home Loan Review
Last updated: 7 June 2018.
What's hot:
3.69% interest rate (3.69% comparison rate)
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 an interest rate of 3.69% (3.69% comparison rate) 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% (3.69% 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 and what kind of repayments you’re making. If you opt for one of these, there’s a $445 application fee and a $323.74 legal fee.
Whether you’re wanting to purchase your first apartment, or your 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 are best for 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 90%, 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 25 September 2018.
Rates
-
3.69% p.a.
-
n/a
-
0 Months
-
none
-
3.69% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
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 25 September 2018.
Rates
-
4.05% p.a.
-
n/a
-
0 Months
-
none
-
4.11% 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
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 25 September 2018.
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
-
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 25 September 2018.
Rates
-
4.27% p.a.
-
n/a
-
0 Months
-
none
-
4.33% 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 25 September 2018.
Rates
-
4.69% p.a.
-
n/a
-
0 Months
-
none
-
4.74% 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
-
$50.00
Other financial bits
-
$75,000
-
$5,000,000
-
90.00%
-
95.00%
Features
-
Owner Occupier
-
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 almost 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 about 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 about 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 about 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 almost 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.
