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IMB Bank Fixed Home Loan

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 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 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 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $10,000 $5,000,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $10,000 $5,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $10,000 $5,000,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $10,000 $5,000,000

Fixed 3 year rate
2.39% p.a.
Comparison Rate*
3.08% p.a.
Service fee
$6.00 monthly
Upfront fee
$799
Go to site
Fixed 3 year rate
3.34% p.a.
Comparison Rate*
3.38% p.a.
Service fee
$6.00 monthly
Upfront fee
$799
Fixed 3 year rate
2.64% p.a.
Comparison Rate*
3.56% p.a.
Service fee
$6.00 monthly
Upfront fee
$799
Fixed 3 year rate
2.79% p.a.
Comparison Rate*
3.66% p.a.
Service fee
$6.00 monthly
Upfront fee
$799

Mozo editorial review IMB Bank Fixed Home Loan

Last updated: 2 October 2020.

binocular icon
What's hot
  • Low 2.19% p.a. two year fixed rate (3.10% p.a. comparison rate*)
  • Free additional repayments for up to 12 months (fees apply after this)
  • Free redraw facility
What's not
  • $449 application fee
Mozo snapshot

With the ability to fix rates for 1, 2, 3, 4 or even 5 years and the option to choose between making repayments weekly, fortnightly or monthly, IMB’s Fixed Home Loan is more than a little flexible. Fixed rates start competitively low at 2.19% p.a. (3.10% p.a. comparison rate*) for two years and you can make free additional repayments for up to 12 months.

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Key features

Want to give yourself a head start on your home loan with a low fixed interest rate? If yes, you might want to check out IMB Bank’s competitively low fixed home loan rates. Two year rates start as low as 2.19% p.a. (3.10% p.a. comparison rate*) for a $150,000 owner-occupier loan with principal and interest repayments.

With this loan you can borrow from as little as $10,000 to as much as $5 million and even put down a deposit as little as 5%. Just be mindful that any deposit less than 20% will incur Lenders Mortgage Insurance. Plus if flexibility is key for you, then you’ll be happy to hear that you can choose to make repayments weekly, fortnightly or monthly.

Keen to take advantage of some extra features? Well the good news is that IMB Bank’s Fixed Home Loan comes with quite a few, including the ability to make up to 12 months worth of additional repayments in advance, without being charged a fee. There is also a free redraw facility available (minimum redraw $500) and the option to split your loan into multiple accounts with fixed and variable interest rates. This last feature can be a good way to both benefit from the security that comes with a fixed rate and possibly reduce your repayments with a lower variable rate.

Of course, as with a number of home loans there are a few things to keep in mind before you sign on the dotted line. The loan comes with a $6 monthly service fee during the fixed period of the loan, not to mention the $449 application fee. 

snapshot
Who is it good for

This home loan would be good for someone who is not only looking for a more secure, competitively low fixed home loan rate, but who is also keen to take advantage of a few handy extra features.

snapshot
Any catches

There is a $6 monthly service fee to pay for the duration of the fixed rate period and a hefty $449 application fee.

Details

Rates and fees information correct as at 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.39% (3.20%*)

  • 2.19% (3.10%*)

  • 2.39% (3.08%*)

  • 2.69% (3.12%*)

  • 2.69% (3.08%*)

  • n/a

  • n/a

  • 3.21% p.a.

Fees
  • $449.00

  • $350.00

  • n/a

  • n/a

  • n/a

  • $6.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to 1 year in advance

  • no

  • yes - free

  • $500.00

  • yes

  • no

  • Monthly fee only applies to fixed period of loan.

  • 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.

Details

Rates and fees information correct as at 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.34% (3.36%*)

  • 3.34% (3.37%*)

  • 3.34% (3.38%*)

  • 3.74% (3.52%*)

  • 3.74% (3.56%*)

  • n/a

  • n/a

  • 3.21% p.a.

Fees
  • $449.00

  • $350.00

  • n/a

  • n/a

  • n/a

  • $6.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to 1 year in advance

  • no

  • yes - free

  • $500.00

  • yes

  • no

  • Monthly fee only applies to fixed period of loan.

  • 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.

Details

Rates and fees information correct as at 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.19% (3.86%*)

  • n/a

  • 2.64% (3.56%*)

  • n/a

  • 2.99% (3.60%*)

  • n/a

  • n/a

  • 3.78% p.a.

Fees
  • $449.00

  • $350.00

  • n/a

  • n/a

  • n/a

  • $6.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to 1 year in advance

  • no

  • yes - free

  • $500.00

  • yes

  • no

  • Monthly fee only applies to fixed period of loan.

  • 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.

Details

Rates and fees information correct as at 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.79% (3.82%*)

  • n/a

  • 2.79% (3.66%*)

  • n/a

  • 3.34% (3.74%*)

  • n/a

  • n/a

  • 3.78% p.a.

Fees
  • $449.00

  • $350.00

  • n/a

  • n/a

  • n/a

  • $6.00 monthly

  • $350.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to 1 year in advance

  • no

  • yes - free

  • $500.00

  • yes

  • no

  • Monthly fee only applies to fixed period of loan.

  • 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.

Customer Reviews

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

Overall
7.8/10
Price
7.4/10
Features
6.7/10
Customer service
8.0/10
Convenience
7.5/10
Trust
7.8/10

Latest reviews of IMB Bank Fixed Home Loan

  • Overall 10/10
    Great bank and offers great rates and service.

    Changed to IMB. Fantastic service, great rates and features. Highly recommend to any that are looking to refinance.

    Read full review

    Changed to IMB. Fantastic service, great rates and features. Highly recommend to any that are looking to refinance.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Garry, Queensland reviewed 4 months ago
  • Overall 7/10
    An efficient and trustworthy bank

    As far as banks go, it would take a very good offer to make me change to another provider.

    Read full review

    As far as banks go, it would take a very good offer to make me change to another provider.

    Price
    8/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Geoff, New South Wales reviewed over 3 years ago
  • Overall 8/10
    Exceptional customer service.

    The main pro of our home loan with IMB is our mortgage consultant. He's a mobile lender and is always on call. When queried, he gives us the most accurate and up-to-date information needed to make us at ease with any of our financial concerns. Being mobile comes in handy since the main con is that there are limited branches of this building society.

    Read full review

    The main pro of our home loan with IMB is our mortgage consultant. He's a mobile lender and is always on call. When queried, he gives us the most accurate and up-to-date information needed to make us at ease with any of our financial concerns. Being mobile comes in handy since the main con is that there are limited branches of this building society.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    0/10
    Trust
    10/10
    Less
    Therese, New South Wales reviewed almost 5 years ago
  • Overall 8/10
    Customer service

    They look after me.

    Read full review

    They look after me.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Jodi, New South Wales reviewed over 6 years ago
  • Overall 9/10
    Professional

    Great customer service. Made the process of betting a house an easy one.

    Read full review

    Great customer service. Made the process of betting a house an easy one.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Mozo community reviewer, New South Wales reviewed about 7 years ago
IMB Bank

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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*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.