Essentials Home Loan
The IMB Essentials Home Loan is a win-win option with flexible repayment options, a life-of-loan discount off IMB’s standard variable rate AND no monthly account keeping fees.
|Interest Rates||Interest Rate p.a||Comparison Rate p.a*|
|Under 80% LVR (owner occupier only)||4.09%||4.09%|
|Over 80% LVR (owner occupier only)||4.31%||4.33%|
Click here to view the Interest Rates for Investment Home Loans.
|Minimum home loan||$75,000|
|Maximum home loan||Up to 95% LVR for owner occupiers (a higher interest rate applies for loans >80% of your property value) and up to 90% LVR for investment purposes|
|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||Yes|
|Loan Repayment Insurance||Yes|
|Eligibility||For new funds only. Not available as a switch or re-finance from another IMB home loan.|
These interest rates apply to owner occupied home loans. Different interest rates apply to investment home loans.
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