Budget Home Loan

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Budget Home Loan

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Features
Rates & Fees
Calculate Repayments

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	$75,000
Maximum home loan	Up to 95% loan to value ratio (LVR) for owner occupiers Up to 90% LVR for investment purposes
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
Loan Repayment Insurance	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.

Budget Home Loan	Interest Rate	Comparison Rate^#
For new owner occupier loans with P&I repayments <90% LVR¹	3.79% pa	3.82% pa
For new owner occupier loans with P&I repayments >90% LVR	4.64% pa	4.70% pa

Click here for other interest rates

Fees and Charges

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Apply Now Mobile Lender Visit a Branch Enquire Online Call 133 462

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.

# 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. An IMB transaction account must be opened with the loan to be eligible for this interest rate. Please consider the PDS available from IMB before making a decision about IMB deposit products.

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

Why choose IMB Bank?

Established in 1880, IMB has been helping people achieve their financial goals for 138 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and can arrange a wide range of insurance and travel products.

IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.

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