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 80%
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 80%
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 | < 80% | $75,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 80%-95% | $75,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 80% | $75,000 | $5,000,000 |
| | Owner Occupier | Interest Only | 80%-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 < 80%
Loan: $75,000 $5,000,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $75,000 $5,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $75,000 $5,000,000
Owner Occupier (Interest Only)
LVR 80%-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
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 2.61% (2.67% comparison rate*) for owner occupiers with a deposit of at least 20%, 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.
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 2.61% (2.67% 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 $75,000 - $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.
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.
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, a $323.74 legal fee and a $350 discharge fee.
2.61% p.a.
n/a
n/a
n/a
2.67% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$449.00
$323.74
n/a
n/a
n/a
$0.00
$350.00
$75,000
$5,000,000
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
no
none
none
none
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.
2.78% p.a.
n/a
n/a
n/a
2.84% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$449.00
$350.00
n/a
n/a
n/a
$0.00
$350.00
$75,000
$5,000,000
80.00%
95.00%
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
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.
2.98% p.a.
n/a
n/a
n/a
2.86% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$449.00
$350.00
n/a
n/a
n/a
$0.00
$350.00
$75,000
$5,000,000
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
no
none
none
none
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.
3.08% p.a.
n/a
n/a
n/a
2.96% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$449.00
$350.00
n/a
n/a
n/a
$0.00
$350.00
$75,000
$5,000,000
80.00%
90.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
no
none
none
none
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.
3.08% p.a.
n/a
n/a
n/a
3.14% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$449.00
$350.00
n/a
n/a
n/a
$0.00
$350.00
$75,000
$5,000,000
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
no
none
none
none
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.
3.38% p.a.
n/a
n/a
n/a
3.26% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$449.00
$350.00
n/a
n/a
n/a
$0.00
$350.00
$75,000
$5,000,000
none
90.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
no
none
none
none
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.
Totally awesome great customer service and very helpful. Rates are very low. Recommend to anyone.
Read full reviewTotally awesome great customer service and very helpful. Rates are very low. Recommend to anyone.
Personal service. Great rate
Read full reviewPersonal service. Great rate
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.
Read full reviewI 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.
The IMB still gives you the old fashioned service whilst being a modern organisation.
Read full reviewThe IMB still gives you the old fashioned service whilst being a modern organisation.
I find them very helpful and would refer to anyone.
Read full reviewI find them very helpful and would refer to anyone.
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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Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.62% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
$0.00
GMCU
Basic Variable
2.33% p.a.variable for 24 months and then 3.82% p.a.
3.71% p.a.
$8.00 monthly
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.
