*IMB lending criteria, terms and conditions, fees and charges apply. Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 18/10/24 until Offer is withdrawn. Purchase loans must settle within 180 days of application and refinanced loans must settle within 90 days of application. Borrowers are eligible for one Cashback Payment in a 12-month period. Cashback Payment for loans valued between $250,000 and $499,999 is $2,000, Cashback Payment for loans valued between $500,000 and $749,999 is $3,000, and Cashback Payment for loans valued $750,000 and over is $4,000. One Cashback Payment will be paid per eligible application, into the primary borrower’s IMB Transaction Account within 60 days of settlement. Excludes: refinance of IMB loans, commercial, construction and bridging loans. For full terms and conditions see www.imb.com.au/cashback. This Offer may be varied or withdrawn at any time.
Choose from a fixed loan term of 1, 3 or 5 years for investment home loans. Save on your home loan without compromising on features, with:
$10,000
Up to 95% loan to value ratio (LVR)5
Up to 30 years
Principal & Interest / Interest Only
Monthly / fortnightly / weekly
Up to 12 months without penalty, fees apply after this
Yes, via Internet & Mobile Banking4
Not available
Calculated daily, charged monthly
Available
To be eligible for an IMB Home Loan you must be over 18 years of age, have a good credit history and have a monthly income.
Term | Interest Rate1 | Comparison Rate2 |
---|---|---|
1 Year | 6.29 % p.a. | 6.91 % p.a. |
3 Years | 5.89 % p.a. | 6.69 % p.a. |
5 Years | 5.99 % p.a. | 6.59 % p.a. |
Home Loan Documents | |
IMB Home Loan Terms and Conditions | |
IMB Loan, Fees and Charges |
Review our home loan help articles or speak with one of our home loan specialists to better understand home loans.
We offer a fixed rate, basic variable rate and variable with offset account. You can also use a home loan calculator to see how much you could borrow and what your repayments will be.
Our digital home loan journey let's you get started on your own, or one of our home loan specialists can help you out.
Resume your application and continue where you left off.
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.
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.
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.
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.
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.
Security is a fundamental right for our customers, and we hold it as one of our core values.
General
Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply. Minimum total loan exposure $75,000. Eligibility criteria must be met to apply online. Split loan options not available in online applications.
You should consider the Terms and Conditions and Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determinations available here.
Purpose, repayment type and LVR
Interest rates are based on criteria that includes purpose (owner occupier or investment), repayment type (principal and interest (P&I) or interest only) and loan to value ratio (LVR). Different interest rates and establishment fees may apply if the purpose, repayment type or LVR is different to the purpose, repayment type or LVR for the interest rate shown.
Rates and features
1.Fixed interest rates are indicative and they may vary on settlement. Different interest rates apply to other fixed rate terms. All fixed rate loans convert to a variable interest rate with a discount off the standard variable rate at the end of the fixed rate term. Also refer to the general information above.
2.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.
3.Advance repayment costs may apply if you repay more than 12 months in advance on a fixed rate loan.
4.Minimum redraw $500.
5.Maximum allowed varies depending on state, occupancy, loan amount and security type.