iMortgage home loans

iMortgage
iMortgage's overall rating for home loans

(as rated by the Mozo community)

4.8 / 10

based on 4 reviews

iMortgage is the online branch of Homeloans Ltd, one of Australia’s largest and most trusted non-bank lenders since 1985.

Suitable for anyone from first home buyers to investors, iMortgage home loans will see you own your own home in no time.

Rates and fees verified as correct at 08 December, 2016. Other information correct at the time of writing.

What home loans do iMortgage offer?

Fixed Rate Home Loans Fixed Rate Home Loans

With a fixed home loan from iMortgage, you can fix your interest rate from 1 year up to a period of 5 years on loans $30,000 and above. There is a yearly service fee to consider but you’ll get a good degree of flexibility to tailor the loan to your needs with the option of principal and interest or interest only payment options and a split loan facility, so you can capitalise off variable interest rates cuts. iMortgage fixed home loans allow you to make up to $20,000 in extra repayments during the fixed period but you won’t have the convenience of a redraw facility.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.23% p.a.

4.22% p.a.

$0.00

$0

4.18% p.a.

4.03% p.a.

$0.00

$0

4.08% p.a.

4.04% p.a.

$0.00

$0

3.98% p.a.

3.80% p.a.

$0.00

$0

4.09% p.a.

4.16% p.a.

$120.00 yearly

$363

3.89% p.a.

3.96% p.a.

$120.00 yearly

$363

3.89% p.a.

4.11% p.a.

$120.00 yearly

$363

3.69% p.a.

3.91% p.a.

$120.00 yearly

$363

4.24% p.a.

4.20% p.a.

$120.00 yearly

$363

4.04% p.a.

4.00% p.a.

$120.00 yearly

$363

4.04% p.a.

4.14% p.a.

$120.00 yearly

$363

3.84% p.a.

3.95% p.a.

$120.00 yearly

$363

4.19% p.a.

4.18% p.a.

$120.00 yearly

$363

3.99% p.a.

3.98% p.a.

$120.00 yearly

$363

3.99% p.a.

4.13% p.a.

$120.00 yearly

$363

3.79% p.a.

3.93% p.a.

$120.00 yearly

$363

4.34% p.a.

4.22% p.a.

$120.00 yearly

$363

4.14% p.a.

4.02% p.a.

$120.00 yearly

$363

4.14% p.a.

4.17% p.a.

$120.00 yearly

$363

3.94% p.a.

3.97% p.a.

$120.00 yearly

$363

4.14% p.a.

4.32% p.a.

$120.00 yearly

$363

3.94% p.a.

4.12% p.a.

$120.00 yearly

$363

4.29% p.a.

4.36% p.a.

$120.00 yearly

$363

4.09% p.a.

4.16% p.a.

$120.00 yearly

$363


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Variable Rate Home Loans Variable Rate Home Loans

iMortgage’s variable home loans are available from a minimum of $30,000 and allow you to borrow from 80% up to 95% of the property value (depending on your borrowing situation). Variable rates are tailored to owner occupiers as well as investors, and borrowers can choose between a principal and interest or interest only loan. iMortgage has packed plenty of flexibility into its variable loans with an extra repayment facility, split loan option and a choice of weekly, fortnightly and monthly repayments. The option to redraw extra repayments is available ($500 minimum redraw for Essential option) and can be accessed via telephone, EFTPOS, direct credit or telephone. There is no upfront fee but you’ll be required to pay ongoing yearly fees if you choose the Fusion variable option.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.21% p.a.

4.22% p.a.

$0.00

$0

4.16% p.a.

4.17% p.a.

$0.00

$0

3.96% p.a.

3.97% p.a.

$0.00

$0

3.91% p.a.

3.92% p.a.

$0.00

$0

3.96% p.a.

3.97% p.a.

$0.00

$0

4.01% p.a.

4.02% p.a.

$0.00

$0

3.68% p.a.

3.69% p.a.

$0.00

$0

3.73% p.a.

3.74% p.a.

$0.00

$0

4.36% p.a.

4.37% p.a.

$0.00

$0

4.31% p.a.

4.32% p.a.

$0.00

$0

4.21% p.a.

4.22% p.a.

$0.00

$0

4.16% p.a.

4.17% p.a.

$0.00

$0

3.96% p.a.

3.97% p.a.

$0.00

$0

3.91% p.a.

3.92% p.a.

$0.00

$0

4.46% p.a.

4.47% p.a.

$0.00

$0

4.41% p.a.

4.42% p.a.

$0.00

$0

4.31% p.a.

4.32% p.a.

$0.00

$0

4.26% p.a.

4.27% p.a.

$0.00

$0

4.06% p.a.

4.07% p.a.

$0.00

$0

4.01% p.a.

4.02% p.a.

$0.00

$0

4.14% p.a.

4.18% p.a.

$0.00

$363

3.89% p.a.

3.93% p.a.

$0.00

$363

4.24% p.a.

4.28% p.a.

$0.00

$363

3.99% p.a.

4.03% p.a.

$0.00

$363

3.99% p.a.

4.15% p.a.

$120.00 yearly

$363

3.94% p.a.

4.10% p.a.

$120.00 yearly

$363

4.17% p.a.

4.32% p.a.

$120.00 yearly

$363

3.97% p.a.

4.13% p.a.

$120.00 yearly

$363

3.79% p.a.

3.95% p.a.

$120.00 yearly

$363

3.74% p.a.

3.90% p.a.

$120.00 yearly

$363

3.79% p.a.

3.95% p.a.

$120.00 yearly

$363

3.74% p.a.

3.90% p.a.

$120.00 yearly

$363

3.97% p.a.

4.13% p.a.

$120.00 yearly

$363

3.59% p.a.

3.75% p.a.

$120.00 yearly

$363

3.54% p.a.

3.70% p.a.

$120.00 yearly

$363

3.77% p.a.

3.93% p.a.

$120.00 yearly

$363

4.17% p.a.

4.32% p.a.

$120.00 yearly

$363

4.27% p.a.

4.42% p.a.

$120.00 yearly

$363

4.22% p.a.

4.37% p.a.

$120.00 yearly

$363

4.07% p.a.

4.23% p.a.

$120.00 yearly

$363

4.02% p.a.

4.18% p.a.

$120.00 yearly

$363

3.97% p.a.

4.13% p.a.

$120.00 yearly

$363

3.97% p.a.

4.13% p.a.

$120.00 yearly

$363

4.07% p.a.

4.23% p.a.

$120.00 yearly

$363

4.02% p.a.

4.18% p.a.

$120.00 yearly

$363

3.87% p.a.

4.03% p.a.

$120.00 yearly

$363

3.82% p.a.

3.98% p.a.

$120.00 yearly

$363

3.77% p.a.

3.93% p.a.

$120.00 yearly

$363

4.25% p.a.

4.40% p.a.

$120.00 yearly

$363

4.20% p.a.

4.35% p.a.

$120.00 yearly

$363

4.17% p.a.

4.32% p.a.

$120.00 yearly

$363

4.00% p.a.

4.16% p.a.

$120.00 yearly

$363

4.05% p.a.

4.21% p.a.

$120.00 yearly

$363

3.97% p.a.

4.13% p.a.

$120.00 yearly

$363


Hide

iMortgage home loan features in a glance

Completely onlineCompletely online

Since iMortgage is an online only lender and doesn’t have to pay the cost of having brick and mortar outlets and branch managers, it is able to pass on savings to customers in the form of no application, legal or valuation fees on new loans.  Choosing a completely online home loan certainly does have its perks!

Additional repaymentsAdditional repayments

 iMortgage’s variable and fixed home loans have an extra repayment facility which gives you the opportunity to make extra repayments (up to $20,000 for the fixed rate option) whenever you have spare coin and reduce your interest payments over the life of the loan.

Customer benefits programCustomer benefits program

When you choose a home loan from iMortgage you’ll have free and unlimited access to the Member Advantage Customer Benefits Program. As a member of this program, you’ll receive savings on a wide range of product categories including dining and entertainment, shopping, technology, travel and insurance.

Interest only loansInterest only loans

Whether you need to free up funds for everyday living expenses or build up a future savings buffer, an interest only loan from iMortgage could be a good option for the short term. iMortgage’s interest only loans are available with variable and fixed interest rate options.

Different repayment methodsDifferent repayment methods

iMortgage have a range of repayment methods to choose from including salary credit, BPAY or direct debit.

How are iMortgage home loans rated?

Keen on an online lender? Check out how iMortgage home loans rate on everything from customer service and convenience to price and features in our rate and review section.

iMortgage home loans

Overall 4.8*

Price

Features

Customer service

Convenience

Trust

4 Reviews

* Overall rating based on reviews in the past 12 months.

Recent iMortgage home loan reviews Recent iMortgage home loan reviews

iMortgage

iMortgage home loan review

Overall rating   10 / 10

Recommend to all, great service

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I’m self-employed, certain low...

Full review

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I’m self-employed, certain low interest rate lenders won’t lend to me. I stumbled across iMortgage after a Google search and on mortgage comparison websites. I went with their Fusion product (which is a mortgage product of Advantedge. Advantedge is a subsidiary of NAB). I wanted certain features (as well as a low rate) – like redraw, interest only period, internet access to funds, no ongoing setup/valuation fees, no annual fees. Offset isn’t offered on this account, but iMortgage do have offset products available. You can split and fix if that’s important to you. The application process was very smooth and efficient and I sent an initial enquiry email and was contacted promptly. I had lots of questions and the great thing about my consultant is that she was very quick to respond to emails, not days, not hours, pretty much within the hour, mostly straight away. You couldn’t really ask for much better customer service. Some other lenders, you are handed along a chain of people, you ask questions but don’t get an answer, but with iMortgage (at least in my experience), you deal with one person from start to finish, and they answer everything you want to know. The process was pretty much done via email. At all stages I was kept informed of the application process and given expected time frames on each step and documents were sent via email (verification of income etc); an onsite valuation was promptly arranged through the real-estate agent (not a desktop or drive-by valuation) and the cost absorbed by iMortgage; conditional approval is then given and then formal loan are documents issued and sent via courier. You have to verify your identity at Australia Post, rather than just sending in certified copies of 100 points of ID. Overall, you can’t really ask for much more and if you are prepared to apply via e-mail / phone calls / the post, then you can’t go past the very low variable interest rate, the features (especially redraw, no ongoing fees, no setup fees), plus a prompt and efficient application process where you are kept informed of where things are at. You can even get a debit card if you wish. A bonus is you get membership to iMembers Advantage, discount airline lounge membership, discount gift vouchers, etc etc. Access to your mortgage is provided via an easy to use website. The only disadvantage is, if you have different loans, secured by more than one property, you are issued separate logins, rather than seeing all your loans under the one login. A small inconvenience to pay I guess.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Matt (VIC), reviewed almost 2 years ago

iMortgage

iMortgage home loan review

Overall rating   0 / 10

Do not use!

Imortgage have cost me over $20,000 from the purchase of my house. They did not include all the real estate fees and other costs in with the mortgage and miscalculated what we needed. They are hard to get hold of, never return calls and are full...

Full review

Imortgage have cost me over $20,000 from the purchase of my house. They did not include all the real estate fees and other costs in with the mortgage and miscalculated what we needed. They are hard to get hold of, never return calls and are full of empty promises. I will never ever recommend them to anyone and can't wait to sell up and get rid of them.

    Price   5 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Sophie (WA), reviewed almost 2 years ago

iMortgage

iMortgage home loan review

Overall rating   9 / 10

Great features and super low variable rate

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I'm self-employed, certain low...

Full review

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I'm self-employed, certain low interest rate lenders won't lend to me. You won't find iMortgage being recommended by mortgage brokers - I believe they won't get a commission. I stumbled across iMortgage after a google search and on mortgage comparison websites. I went with their Fusion product (which is a mortgage product of Advantedge. Advantedge is a subsidiary of NAB) I wanted certain features (as well as a low rate) - like redraw, interest only period, internet access to funds, no ongoing setup/valuation fees, no annual fees. Offset isn't offered on this account, but iMortgage do have offset products available. You can split and fix if that's important to you. The application process was very smooth and efficient – I sent an initial enquiry email and was contacted promptly. I had lots of questions and the great thing about my consultant is that she was very quick to respond to emails … not days, not hours, pretty much within the hour, mostly straight away. You couldn't really ask for much better customer service. Some other lenders, you are handed along a chain of people, you ask questions but don't get an answer, but with iMortgage (at least in my experience), you deal with one person from start to finish, and they answer everything you want to know. The process was pretty much done via email. At all stages I was kept informed of the application process and given expected time frames on each step – Documents were sent via email (verification of income etc); an onsite valuation was promptly arranged through the real-estate agent (not a desktop or drive-by valuation) – cost absorbed by iMortgage; conditional approval is then given – then formal loan documents issued and are sent via courier. You have to verify your identity at Australia Post, rather than just sending in certified copies of 100 points of ID. Overall, you can't really ask for much more – if you are prepared to apply via email / phone calls / the post – then you can't go past the very low variable interest rate, the features (especially redraw, no ongoing fees, no setup fees), plus a prompt and efficient application process where you are kept informed of where things are at. You can even get a debit card if you wish. A bonus is you get membership to “Members advantage” - discount airline lounge membership, discount gift vouchers, etc etc. Access to your mortgage is provided via an easy to use website. The only disadvantage is, if you have different loans, secured by more than one property, you are issued separate logins, rather than seeing all your loans under the one login. A small inconvenience to pay I guess.

    Price   10 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Daniel (QLD), reviewed over 2 years ago

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* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a iMortgage home loan? What do you need to apply for a iMortgage home loan?

The application process for an iMortgage home loan is completely online. If you encounter any difficulties during the process you can contact an iMortgage home loan consultant to guide you through. But first, you’ll need these details:

  • Personal details including your current residential address and a valid email address.
  • Employment details.
  • Income details including gross salary, family allowance and rental income (if necessary).
  • Details of assets and liabilities.
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