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Budget Home Loan

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Save on your home loan without compromising on features with the IMB Budget Home Loan. A low cost home loan option, the Budget Home Loan has a discount off the standard variable rate for the life of the loan, so you’ll always pay less.

Enjoy benefits such as:

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

CANSTAR Outstanding Value, Construction Variable Home Loan, 2017

Budget Home Loan
Owner Occupied <90%

CANSTAR Outstanding Value, Owner Occupied Variable Home Loan, 2017

Budget Home Loan
Owner Occupied <90%

Interest Rates - Owner Occupier with Principal and Interest (P&I) repayments

Click here for all other interest rates

Product Interest Rate p.a.1 Comparison Rate p.a.2 Maximum Loan Amount

Less than or equal to 90% LVR, owner occupier with P&I repayments only 

3.97% 4.02% Up to 90% of the property value

Over 90% LVR, owner occupier with P&I repayments only

4.39% 4.44% Up to 95% of the property value

Key Features

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.

Awarded by Canstar September 2017. 1. These interest rates apply to owner occupied home loans with principal and interest (P&I) repayments and up to the loan to property value ratio (LVR) limits specified above. Different interest rates apply to interest only repayments. Lending criteria, terms and conditions, fees and charges apply to IMB home 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. New applications only. Not available for refinance of existing IMB loans. Minimum loan size $75,000. 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. 

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