What type of security can be used for the guarantee provided to support the Family Guarantee Home Loan?

The guarantor can provide residential property to support their guarantee. Alternatively, the guarantor may instead choose to provide IMB with a Term Deposit for an amount equal to the limit of the guarantee.

How can I calculate what my repayments will be?

IMB has a range of calculators to help you manage most money problems, including the Home Loan Repayment Calculator. Not only can you get a fast understanding of what your repayments will be with any of our home loans, but you can calculate what difference changing the frequency of your repayments or making extra repayments will do to the total interest you pay and how much time you may save.

Can I do weekly/fortnightly repayments?

Yes, you can - and you will likely save money on interest, and shorten the duration of the loan term. How? By changing the frequency of your home loan repayments from monthly to fortnightly (or weekly), you actually repay an extra month per year. It works like this: - 12 monthly repayments is the equivalent of 24 fortnightly repayments. - There are 26 fortnightly repayments over a 52-week year - an extra two fortnightly repayments a year. The savings over the life of the loan can be significant. For example, for a $500,000 loan at 5.00%p.a. over 30 years. - Monthly repayments are $2685, and the interest paid over 30 years is $466,280. - Fortnightly repayments are $1343, and the interest over 30 years is $380,460. This represents an interest saving of $85,820! And it shaves 4 years and 8 months off the loan term. Calculate how much you could save by switching from monthly to fortnightly repayments.

How long does home loan pre-approval/conditional approval last?

A home loan pre-approval/conditional approval with IMB lasts 90 days. Conditions include the provision of verification documents and security satisfactory to IMB. Start your application now for fast conditional approval.

Can you have a split loan?

Yes. A split home loan allows you to have part of your loan on a variable rate and the other part on a fixed rate.

Australian Government 5% Deposit Scheme

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Help for eligible first home buyers and single parents to buy a home

The Australian Government 5% Deposit Scheme is for aspiring home buyers – first home buyers with a minimum 5% deposit, or single parents with a minimum of 2%.

First Home Buyers

The Scheme helps first home buyers who have saved a minimum 5% deposit with a Government guarantee.

Single Parents

The Scheme helps single parents or legal guardians who have saved a minimum 2% deposit with a Government guarantee.

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Home loan resources

4 tips to buying your first home

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4 easy money saving tips

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Keeping bank accounts healthy

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How much can I borrow?

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The pros and cons of Family Guarantee Loans

With IMB Bank home loans a Family Guarantee could help you enter the market. It can allow your family to help you purchase a property by acting as guarantors, making it possible to get into your home sooner without having to spend further years saving for a deposit.

Why should I refinance my home loan?

Explore the benefits of refinancing your home loan.

The beginner's guide to property investment

Starting off in investment can be a confusing business, but there are few basic questions that every budding property buyer needs to ask themselves before starting to look at their options in home loan

To renovate or to knock-down and rebuild?

Before making a decision, there are a few factors you might want to contemplate.

View all Home Loan resource articles

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Important Information

Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply. Eligibility criteria must be met to apply online. Split loan options not available in online applications. You should consider the relevant Terms and Conditions or Product Disclosure Statement (PDS) before deciding whether to acquire any IMB products or facilities. Target Market Determinations available here. ‍

IMB Bank acknowledges the Traditional Owners of Country throughout Australia and recognises their continuing connection to lands, waters and communities. We pay our respect to Aboriginal and Torres Strait Islander cultures and to Elders past and present, and emerging cultural knowledge holders.

The advice on this website has been prepared without taking account of your objectives, financial situation or needs. Before you act on this advice you should consider the appropriateness of this advice in regard to your objectives, financial situation and needs. Lending criteria, terms and conditions, fees and charges apply to IMB loan products. You should consider the relevant Terms and Conditions and Product Disclosure Statement before deciding whether to acquire any of the products or facilities shown on this website. View our Target Market Determinations.

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