Essentials Home Loan

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  4.19 % pa Variable1 & Comparison rate2
For new owner occupier loans with P&I repayments and ≤90% LVR.

Save on your home loan without compromising on features
With an IMB Essentials Home Loan you’ll get a low rate, no monthly fee or annual fees plus the flexibility of a 100% offset account. Even better, right now you’ll pay no IMB establishment fees for new owner occupied loans if you borrow up to 90% of your property value.


IMB Establishment Fee


Monthly Fees


Offset Account3

$0 IMB Establishment Fee

$0 Monthly Fees

100% Offset Acount3

What are the key features?
key features  
Minimum home loan $75,000
Maximum home loan

Up to 95% LVR for owner occupiers4

Up to 70% for investment purposes (only for existing members for purchases)5

Home loan period Up to 30 years
Repayments Monthly / fortnightly / weekly (minimum repayment amounts apply)
Additional Repayments Yes
Free redraw facility Yes via Internet and Mobile Banking
Split loan Available
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.



What is my borrowing power?

Rates effective as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply. New applications only. Not available for refinance of existing IMB loans. 1. The interest rate shown is for a new owner occupier Essentials Home Loan with principal and interest (P&I) repayments where your loan is up to 90% of your property value (LVR). A higher rate applies where your loan (inclusive of any capitalised costs e.g. Mortgage Protection Insurance) is more than 90% of your property value, interest only repayments or is for investment purposes. 2. Comparison Rate is based on $150,000 secured loan over 25 years. WARNING: This Comparison Rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different Comparison Rate. 3. 100% Offset facility is available on the IMB Everyday and IMB Everyday Unlimited Accounts. Consider the PDS available from IMB before making a decision about these products. 4. Subject to LMI approval. Maximum LVR allowed varies depending on state, occupancy, loan amount and security type. 5. Investment loans only available to existing members for the purchase of investment property. Not available for refinance of existing loans held with other financial institutions. IMB Ltd trading as IMB Bank. ABN 92 087 651 974. AFSL/Australian Credit Licence 237 391.