My Credit Union



  • Life of loan discount off the standard variable interest rate.
  • $10 monthly fee
  • Unrestricted additional repayments
  • 100% offset account3
  • Free Internet and Mobile Banking redraws
Key features
Minimum home loan4 $10,000
Maximum home loan2

Up to 95% loan to value ratio (LVR)

Home loan period Up to 30 years
Repayment type Principal and Interest (P&I) 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 Yes
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.

Essentials Home Loan Interest Rate Comparison Rate#
For new owner occupier loans with P&I repayments <80% LVR  3.04% pa  3.18% pa
For new owner occupier loans with P&I repayments <90% LVR  3.24% pa  3.38% pa
For new owner occupier loans with P&I repayments >90% LVR 3.44% pa  3.57% pa

Click here to view 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 Essentials 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.

# 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.

1. Interest rate includes a 2.42% discount off the standard variable rate for owner occupier loans and is for a new owner occupier Essentials Home Loans where your loan is ≤80% of your property value (LVR) and has principal and interest (P&I) repayments. Minimum loan size $10,000. Different rates, lending criteria and establishment fees may apply to loans with interest only repayments, is for investment purposes or where your loan amount is >80% LVR of your property.

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

3. 100% Offset facility is available on the IMB Everyday and IMB Everyday Unlimited Accounts. Please consider the PDS available from IMB before making a decision about IMB deposit products.

4. Minimum total loan exposure $75,000