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Discount Variable Home Loan

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Minimise your repayments for 12 months with IMB’s Discount Variable Home Loan. The Discount Variable Home Loan offers a discounted interest rate during the first year of your loan to help you get started with your new home. The loan then reverts to IMB’s fully featured Standard Variable Home Loan.

  • Discounted interest rate for the first 12 months
  • Unrestricted additional repayments
  • Free Internet redraws
Key features
Minimum loan amount $10,000
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

* Discount applies for 12 months from the date the loan is approved. The loan then reverts to IMB’s standard variable rate. 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. A comparison rate schedule is available from IMB branches or at www.imb.com.au

 
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