Personal /
Loans /

Attention: open in a new window. Print


Refinancing resources

refinancing guides

Easy to read refinancing guides

refinance calculator

Calculate how much time and money you could save by refinancing

Why should I refinance?

There are several reasons why refinancing your home loan may be the right option, depending on your objectives and financial situation. These include:

Read more

 

When to refinance

Everyone’s circumstances are different, however there are certain times when refinancing your home loan can be more beneficial than others. Historically, in the era of set-and-forget, the general advice in finance circles was to only contemplate refinancing if there was 1-2% difference between the loan you are repaying and the loan you are considering, such was the burden of break costs and other fees. Not anymore.

When to refinance:

  1. When interest rates drop
  2. Your LVR is less than 80%
  3. Close of a fixed interest loan term
  4. When your circumstances change

When not to refinance:

  1. Breaking a Fixed Rate Loan Term
  2. When your LVR is still above 80%

Read more

How to refinance

Refinancing your home loan is a fairly simple process, it just requires the same kind of research and arithmetic you used when securing your home loan to begin with. Once you have ascertained that the rate you are paying is too much in the current market, or that the features of your home loan are not suitable for your lifestyle, or that you just feel it's a good time to look at your options: start the process.

Read more

 

How to refinance your home loan in 4 simple steps

Understand refinancing

Refinancing your home loan can be confusing and daunting. Check out our refinance guides to take you a step closer to saving time and money off your loan.

See how much you can save

Use our simple refinance calculator to see how much time and money you could save by refinancing.

Apply for a home loan

Book a time to speak with an IMB Bank home loan expert or apply for a home loan online. 

We'll do the hard work

Once you’ve decided on the loan that will best suit you, we will do the hard work to get your home loan out of your life sooner.

How we can help you

140 years of giving home loans
We have been helping people buy homes and achieve their financial goals since 1880.
 
We can come to you
Our mobile lenders are on standby ready to come to you to discuss how we can help you switch to a better home loan.
Dedicated local customer service
As a mutual bank, our members are our shareholders, and we strive to deliver them the best service, value and innovations.
Available anywhere in Australia
Wherever you are in Australia, our team of home loan specialists can help you refinance to a better home loan.

Apply now

Damian and Elissa from Newcastle

Buying our first home with IMB

When Damian and Elissa were ready to buy their first home, things got tricky with their previous financial institution. “We quite quickly needed to get our finances sorted,” Damian says. “They weren’t clear on how much money we needed in order to get a loan and left out key details.”  

“As we got into the process, they said we’d need money upfront for lenders mortgage insurance, which threw a spanner in the works,” Elissa explains.

Damian and Elissa got in touch with Vanessa Muddiman, an IMB Mobile Lender in Newcastle. “Vanessa mapped out all the steps for us” says Elissa. “It really eased our minds to know that Vanessa was all over the process and going to let us know what to do at each step.”

With IMB, the couple had their loan application approved and have since moved into their new home. Vanessa has stayed in touch since and subsequently helped the couple take advantage of a lower interest rate on their mortgage. “That was really good because we were so busy at the time with our newborn that we didn’t even think to look at our rate. It was so fantastic of her to go above and beyond in that way,” Damian says.

 

IMB by numbers

1880

The year we were established

210,000

Members

$11 million

Given to over 850 community projects

Talk to a home loan expert

They will answer any of your questions and assess your situation. This can be at your local branch, on the phone or we can come to you.

Talk to an Expert


Important Information

Information current as at date of appearance and subject to change. The advice on this website has been prepared without taking account of your objectives, financial situation or needs. Before you act on this advice you should consider the appropriateness of this advice in regard to your objectives, financial situation and needs. Lending criteria, terms and conditions, fees and charges apply to IMB loan products. You should consider the relevant Terms and Conditions or Product Disclosure Statement before deciding whether to acquire any of the products shown on this website. Minimum total loan exposure $75,000. Eligibility criteria must be met to apply online. Split loan options not available in online applications. Target Market Determinations available here.


Refinancing resources

refinancing guides

Easy to read refinancing guides

refinance calculator

Calculate how much time and money you could save by refinancing

Why should I refinance?

There are several reasons why refinancing your home loan may be the right option, depending on your objectives and financial situation. These include:

Read more

 

When to refinance

Everyone’s circumstances are different, however there are certain times when refinancing your home loan can be more beneficial than others. Historically, in the era of set-and-forget, the general advice in finance circles was to only contemplate refinancing if there was 1-2% difference between the loan you are repaying and the loan you are considering, such was the burden of break costs and other fees. Not anymore.

When to refinance:

  1. When interest rates drop
  2. Your LVR is less than 80%
  3. Close of a fixed interest loan term
  4. When your circumstances change

When not to refinance:

  1. Breaking a Fixed Rate Loan Term
  2. When your LVR is still above 80%

Read more

How to refinance

Refinancing your home loan is a fairly simple process, it just requires the same kind of research and arithmetic you used when securing your home loan to begin with. Once you have ascertained that the rate you are paying is too much in the current market, or that the features of your home loan are not suitable for your lifestyle, or that you just feel it's a good time to look at your options: start the process.

Read more

 

How to refinance your home loan in 4 simple steps

Understand refinancing

Refinancing your home loan can be confusing and daunting. Check out our refinance guides to take you a step closer to saving time and money off your loan.

See how much you can save

Use our simple refinance calculator to see how much time and money you could save by refinancing.

Apply for a home loan

Book a time to speak with an IMB Bank home loan expert or apply for a home loan online. 

We'll do the hard work

Once you’ve decided on the loan that will best suit you, we will do the hard work to get your home loan out of your life sooner.

How we can help you

140 years of giving home loans
We have been helping people buy homes and achieve their financial goals since 1880.
 
We can come to you
Our mobile lenders are on standby ready to come to you to discuss how we can help you switch to a better home loan.
Dedicated local customer service
As a mutual bank, our members are our shareholders, and we strive to deliver them the best service, value and innovations.
Available anywhere in Australia
Wherever you are in Australia, our team of home loan specialists can help you refinance to a better home loan.

Apply now

Damian and Elissa from Newcastle

Buying our first home with IMB

When Damian and Elissa were ready to buy their first home, things got tricky with their previous financial institution. “We quite quickly needed to get our finances sorted,” Damian says. “They weren’t clear on how much money we needed in order to get a loan and left out key details.”  

“As we got into the process, they said we’d need money upfront for lenders mortgage insurance, which threw a spanner in the works,” Elissa explains.

Damian and Elissa got in touch with Vanessa Muddiman, an IMB Mobile Lender in Newcastle. “Vanessa mapped out all the steps for us” says Elissa. “It really eased our minds to know that Vanessa was all over the process and going to let us know what to do at each step.”

With IMB, the couple had their loan application approved and have since moved into their new home. Vanessa has stayed in touch since and subsequently helped the couple take advantage of a lower interest rate on their mortgage. “That was really good because we were so busy at the time with our newborn that we didn’t even think to look at our rate. It was so fantastic of her to go above and beyond in that way,” Damian says.

 

IMB by numbers

1880

The year we were established

210,000

Members

$11 million

Given to over 850 community projects

Talk to a home loan expert

They will answer any of your questions and assess your situation. This can be at your local branch, on the phone or we can come to you.

Talk to an Expert


Important Information

Information current as at date of appearance and subject to change. The advice on this website has been prepared without taking account of your objectives, financial situation or needs. Before you act on this advice you should consider the appropriateness of this advice in regard to your objectives, financial situation and needs. Lending criteria, terms and conditions, fees and charges apply to IMB loan products. You should consider the relevant Terms and Conditions or Product Disclosure Statement before deciding whether to acquire any of the products shown on this website. Minimum total loan exposure $75,000. Eligibility criteria must be met to apply online. Split loan options not available in online applications. Target Market Determinations available here.

Why choose us?

Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

Find out more