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IMB Bank Fixed 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 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 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 < 95%

    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
1.97% p.a.
Comparison Rate
2.81% p.a.
Service fee
$6.00 monthly
Upfront fee
$799
Fixed 3 year rate
3.34% p.a.
Comparison Rate
3.21% p.a.
Service fee
$6.00 monthly
Upfront fee
$799
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.36% p.a.
Service fee
$6.00 monthly
Upfront fee
$799
Fixed 3 year rate
2.79% p.a.
Comparison Rate
3.50% p.a.
Service fee
$6.00 monthly
Upfront fee
$799

Mozo editorial review IMB Bank Fixed Home Loan

Last updated: 12 April 2021.

binocular icon
What's hot
  • Low 1.89% p.a. two year fixed rate (2.87% 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 1.89% p.a. (2.87% 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 1.89% p.a. (2.87% 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.

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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 20 April 2021. 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

  • 2.19% (2.98%*)

  • 1.89% (2.87%*)

  • 1.97% (2.81%*)

  • 2.29% (2.84%*)

  • 2.39% (2.83%*)

  • n/a

  • n/a

  • 2.99% 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

  • 95.00%

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 20 April 2021. 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% (3.16%*)

  • 3.34% (3.19%*)

  • 3.34% (3.21%*)

  • 3.74% (3.37%*)

  • 3.74% (3.43%*)

  • n/a

  • n/a

  • 2.99% 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 20 April 2021. 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

  • 2.99% (3.64%*)

  • n/a

  • 2.49% (3.36%*)

  • n/a

  • 2.79% (3.39%*)

  • n/a

  • n/a

  • 3.56% 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 20 April 2021. 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% (3.62%*)

  • n/a

  • 2.79% (3.50%*)

  • n/a

  • 3.34% (3.60%*)

  • n/a

  • n/a

  • 3.56% 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
7.6/10
Trust
7.8/10

Latest reviews of IMB Bank Fixed Home Loan

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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.