My Credit Union



Save on your home loan without compromising on features, with:

  • Life-of-loan discount off IMB’s standard variable interest rate
  • Unrestricted additional repayments
  • Free Internet and Mobile Banking redraws
  • No monthly fees


Key features
Minimum home loan2 $10,000
Maximum home loan3

Up to 95% loan to value ratio (LVR)

Home loan period Up to 30 years
Repayment type Principal and Interest or Interest Only
Repayment frequency Monthly / fortnightly / weekly
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 No
Eligibility For new funds only. Not available as a switch or re-finance from another IMB home loan.


Interest Rates

Interest rates shown are for new owner occupied loans on principal and interest repayments.

Budget Home Loan Interest Rate Comparison Rate#
For new owner occupier loans with P&I repayments and <80% LVR  2.84% pa 2.85% pa
For new owner occupier loans with P&I repayments and <90% LVR 2.94% pa 3.00% pa
For new owner occupier loans with P&I repayments <95% LVR

3.43% pa

3.49% pa

Click here for other interest rates

Fees and Charges




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Important Information:

Information correct as at date of appearance and subject to change. Normal IMB lending criteria, terms and conditions, fees and charges apply. Different interest rates, lending criteria and establishment fees may apply to Budget Home Loans with interest only repayments or for investment purposes. New applications only. Not available for refinance of existing IMB loans. 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.

1. The interest rate shown includes a 2.62% discount off the standard variable rate for owner occupier loans. The rate and $0 application fee offer is for a new owner occupier Budget Home Loan where your loan is ≤80% of your property value (LVR) and has principal and interest (P&I) repayments. Different rates, lending criteria and application fees may apply to loans with interest only repayments, is for investment purposes or where your loan amount is >80% LVR of your property.

# 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.

2. Minimum total loan exposure $75,000.

3. Maximum allowed varies depending on state, occupancy, loan amount and security type.