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Essentials Home Loan

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The IMB Essentials Home Loan is a win-win option with flexible repayment options, a life-of-loan discount off the standard variable rate AND no monthly account keeping fees.

  • Life of loan discount off the standard variable interest rate.
  • No monthly fees
  • Unrestricted additional repayments
  • 100% offset account1
  • Free Internet and Mobile Banking redraws

Interest Rates - Owner Occupier with Principal and Interest repayments

Click here for all other interest rates

  Interest Rate p.a Comparison Rate p.a*
Under 90% LVR, $300,000+ loan amount, owner occupier, and P&I repayments only 3.97% 3.97%
Under 90% LVR, owner occupier and P&I repayments only 4.19% 4.19%
Over 90% LVR, owner occupier and P&I repayments only 4.41% 4.43 %


Key Features

Key features
Minimum home loan $75,000
Maximum home loan4

Up to 95% LVR for owner occupiers

Up to 70% LVR for investment purposes (only for existing members for purchases)5

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 account1 Yes
Loan Repayment Insurance Yes
Eligibility For new funds only. Not available as a switch or re-finance from another IMB home loan.

1. 100% Offset facility is available on the IMB Everyday and Everyday Unlimited accounts. Consider the PDS available from IMB before making a decision about IMB deposit products. 2. 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, home loans for investment purposes or for loan amounts outside of the LVR limits specified above. 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. 3. 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. A comparison rate schedule is available from IMB branches or at 4. Maximum allowed varies depending on state, occupancy, loan amount and security type. Maximum LVR is inclusive of any insurance components added to the loan. 5. Investment loans only available to existing members for the purchase of investment property. Not available for the refinance of existing loans held with other financial institutions.


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