Budget Home Loan
Save on your home loan without compromising on features with the IMB Budget Home Loan for owner occupiers. A low cost home loan option, the Budget Home Loan has a discount off IMB’s standard variable rate for the life of the loan, so you’ll always pay less.
|Interest Rates||Interest Rate p.a||Comparison Rate p.a*|
|Under 90% LVR (owner occupied)||4.46%||4.63%|
|Over 90% LVR (owner occupied)||4.58%||4.75%|
|Minimum loan amount||$75,000|
|Maximum loan amount||Up to 95% of the property value|
|Home loan period||Up to 30 years|
|Repayments||Monthly / fortnightly / weekly|
|Free redraw facility||Yes via internet and mobile banking|
|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.|
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. New applications only. Not available for refinance of existing IMB loans. Minimum loan size $75,000.