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IMB Bank Budget Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 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 $10,000 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 $10,000 and $5,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $10,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $10,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $10,000 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 < 80% $10,000 $5,000,000
Owner Occupier Principal & Interest 80%-90% $10,000 $5,000,000
Owner Occupier Principal & Interest 90%-95% $10,000 $5,000,000
Owner Occupier Interest Only 70%-80% $10,000 $5,000,000
Owner Occupier Interest Only 80%-90% $10,000 $5,000,000
Investor Principal & Interest < 80% $10,000 $5,000,000
Investor Principal & Interest 80%-90% $10,000 $5,000,000
Investor Interest Only < 80% $10,000 $5,000,000
Investor Interest Only 80%-90% $10,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $10,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-90%
    Loan: $10,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR 90%-95%
    Loan: $10,000 $5,000,000
  • Owner Occupier (Interest Only)
    LVR 70%-80%
    Loan: $10,000 $5,000,000
  • Owner Occupier (Interest Only)
    LVR 80%-90%
    Loan: $10,000 $5,000,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $10,000 $5,000,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $10,000 $5,000,000
  • Investor (Interest Only)
    LVR < 80%
    Loan: $10,000 $5,000,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $10,000 $5,000,000
Rate
6.14% p.a.
Comparison Rate
6.17% p.a.
Service fee
$0.00
Upfront fee
$350
Rate
6.34% p.a.
Comparison Rate
6.40% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.84% p.a.
Comparison Rate
6.90% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.44% p.a.
Comparison Rate
6.33% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.64% p.a.
Comparison Rate
6.54% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.29% p.a.
Comparison Rate
6.35% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.39% p.a.
Comparison Rate
6.45% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.59% p.a.
Comparison Rate
6.49% p.a.
Service fee
$0.00
Upfront fee
$799
Rate
6.69% p.a.
Comparison Rate
6.59% p.a.
Service fee
$0.00
Upfront fee
$799

Mozo editorial review IMB Bank Budget Home Loan - last updated: 14 June 2024

binocular icon
What's hot
  • Variable rates from 6.14% p.a (6.17% p.a. comparison rate*)
  • Free extra repayments and redraws
  • No ongoing fees
What's not
  • Minimum redraw amount of $500
Mozo snapshot

If you're on the hunt for a competitive variable interest rate for your home then take a look at IMB Bank’s Budget Home Loan. With interest rates as low as 6.14% p.a (6.17% p.a. comparison rate*) for owner occupiers with a deposit of at least 20%, or 6.44% p.a. (6.50% p.a. comparison rate*) for owner occupiers with a deposit of at least 10%, and no ongoing fees, this loan could start you off on the right foot. It also comes with additional features such as free extra repayments, a free redraw facility and a split rate option.

key icon
Key features

Interest rates are one of the most important aspect of your home loan, so you'll be pleased to know that the IMB Bank Budget Home Loan has a number of competitive variable interest rates for both owner occupiers and investors starting from just 6.14% p.a (6.17% p.a. comparison rate*) for owner occupier borrowers with a deposit of at least 20%. 

Whether you’re wanting to purchase your first apartment, or you're looking to refinance an existing home loan, the wide $10,000 - $5,000,000 loan limit could give you the 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 pay off your loan faster 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 at no extra cost, though there is a minimum redraw amount 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.

Special Offer: Those who refinance an eligible home loan could get up to $4,000 cashback (depending on your loan value), provided you settle within 90 days. Eligibility requirements include an LVR up to 80% and a minimum loan value equal to, or greater than $500,000. 

The cashback amount differs, depending on what your home loan is worth. For instance, those with:

  • Loans over $1 million could get $4,000 cashback. 

  • Loans between $700k to $999,999 million could get $3,000 cashback. 

  • Loans between $350k to $699,999 could get $2,000 cashback. 

Terms and conditions apply. 

snapshot
Who is it good for

Owner occupiers who've saved up a 20% deposit can snag the lowest rates with this home loan. If you're a refinancer, keep in mind that you can't switch an existing IMB loan to this loan.


question icon
Any catches

Don't forget that while there are no ongoing fees, the Budget Home Loan does come with a few one-off costs including a  $449 application fee (application fees are currently waived for <80% LVR Owner Occupier Prinicipal and Interest loans), a $350 mortgage processing fee, valuation and settlement fees charged at cost.

Details

Rates and fees information correct as at 25 June 2024. 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

6.14% p.a.

n/a

n/a

n/a

6.17% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$350.00

n/a

n/a

n/a

$0.00

$350.00

Other financial bits

$10,000

$5,000,000

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

The $449 application fee is waived for <80% LVR Owner Occupier Principal and Interest loans.

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.34% p.a.

n/a

n/a

n/a

6.40% 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

$10,000

$5,000,000

80.00%

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.84% p.a.

n/a

n/a

n/a

6.90% 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

$10,000

$5,000,000

90.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

An IMB transaction account must be opened with the loan to be eligible for this interest rate.

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.44% p.a.

n/a

n/a

n/a

6.33% 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

$10,000

$5,000,000

70.00%

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.64% p.a.

n/a

n/a

n/a

6.54% 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

$10,000

$5,000,000

80.00%

90.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.29% p.a.

n/a

n/a

n/a

6.35% 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

$10,000

$5,000,000

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.39% p.a.

n/a

n/a

n/a

6.45% 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

$10,000

$5,000,000

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.59% p.a.

n/a

n/a

n/a

6.49% 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

$10,000

$5,000,000

none

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 25 June 2024. 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

6.69% p.a.

n/a

n/a

n/a

6.59% 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

$10,000

$5,000,000

80.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

no

none

none

$4,000 cashback for loans $1,000,000 and above with a maximum LVR of 80%, settled within 90 days of application. $3,000 for loans between $700k and $999,999, $2,000 for loans between $350k and $699,999.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are IMB Bank home loans rated by the Mozo community?

Overall
7.6/10
Price
7.5/10
Features
6.8/10
Customer service
8.1/10
Convenience
7.7/10
Trust
7.9/10
Based on 116 IMB Bank home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of IMB Bank Budget Home Loan

About IMB Bank

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5.99% p.a. variable

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6.14% p.a. variable

6.16% p.a.

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6.48% p.a.

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5.99% p.a. variable

6.01% p.a.

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6.09% p.a. variable

6.20% p.a.

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5.99% p.a.

5.90% p.a.

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Basic Home Loan

6.14% p.a.

6.16% p.a.

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Greater Bank

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6.19% p.a.

6.21% p.a.

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Variable Home Loan 90

6.04% p.a.

6.06% p.a.

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Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a.

6.14% p.a.

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Heritage Bank

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5.99% p.a.

6.01% p.a.

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Elevate

6.09% p.a.

6.20% p.a.

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6.14% p.a.

6.17% p.a.

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6.25% p.a.
fixed 3 years

6.20% p.a.

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6.41% p.a.

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Basic Home Loan (Fixed)

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fixed 3 years

6.26% p.a.

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7.06% p.a.

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6.41% p.a.

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5.99% p.a.

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$0.00

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6.04% p.a.

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5.99% p.a.

6.01% p.a.

$0.00

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HSBC

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6.09% p.a.

6.09% p.a.

$0.00

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6.09% p.a.

6.20% p.a.

$0.00

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5.90% p.a.

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WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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