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Budget Home Loan

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Save on your home loan without compromising on features with the IMB Budget Home Loan. A low cost home loan option, the Budget Home Loan has a 0.63% p.a. discount off IMB’s standard variable rate for the life of the loan, so you’ll always pay less.

  • Save with a 0.63% p.a. life-of-loan discount off IMB’s standard variable interest rate
  • Unrestricted additional repayments
  • Free Internet redraws
Interest Rates Interest Rate p.a Comparison Rate p.a
Under 80% of Property Value 6.27% 6.40%
Over 80% of Property Value 6.37% 6.50%
Key features
Minimum loan amount $75,000
Maximum loan amount Up to 95% of the property value
Home loan period Up to 40 years
Repayments Monthly / fortnightly / weekly
Additional Repayments Yes
Free redraw facility Yes via internet
Split loan Available
Interest charges Calculated daily, charged monthly
Fees and charges View fees and charges
Mortgage offset account No
Loan Repayment Insurance Yes
Eligibility For new funds only. Not available as a switch or re-finance from another IMB home loan.
  Customise your home loan package

Normal IMB lending criteria, terms and conditions, fees and charges apply. Full loan terms and conditions are available upon request from any IMB branch or by calling 133 462, 8:00am to 8:00pm Mon-Fri, or 9:00am to 4:00pm Saturday. This comparison rate is based on a $150,000 secured home loan over 25 years. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

 
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