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Security is a fundamental right for our customers, and we hold it as one of our core values.
Being an active supporter of the communities that we call home is a serious commitment for IMB.
Eligible IMB members can request to share their CDR data for certain IMB products including their IMB savings and transactional accounts, term deposits, credit cards, home loans, personal loans, business loans, overdrafts, lines of credits and numerous other products.
However, IMB has been granted an exemption by the ACCC from making available and providing CDR data in relation to its Retirement Savings Accounts (RSAs). IMB has ceased offering RSAs to new members and the number of active RSAs is very low. IMB is therefore not required to develop the extensive technology infrastructure required to obtain and share the relevant CDR data for this product.
The Internet Banking home page lists all of your accounts and their balances. To access more details about each account including interest and transaction listings, you can either click on the account name or the account number. Alternatively, you can select an option from the Accounts tab.
For security reasons, IMB may require you to complete a verification check before activating your card with Apple Pay.
If we require you to complete a verification check, we will either send you a one-time password to the mobile number you have registered with IMB, or we will ask you to contact us on 133 462.
Apple Pay is a trademark of Apple Inc.,registered in the U.S. and other countries.
Borrowers may choose from any IMB Home Loan. Regardless of the home loan the borrower chooses, loan repayments must be made on the basis of principal and interest payments whilst the guarantee is in place. Interest only repayments are not permitted. Further, Family Guarantees are not available for the purpose of buying an investment property.
IMB’s Family Guarantee allows home buyers (especially first home buyers) to enter the property market sooner. A Family Guarantee allows family to assist their children in the purchase of a property without actually providing a cash gift or cash loan. It could also allow borrowers to include some of the costs of purchasing, such as stamp duty and legal costs in the loan amount.
Under IMB’s Family Guarantee, the borrower (generally a first home buyer) receives assistance from an immediate family member(s), who provides additional security to cover the difference between the amount of the borrower’s savings and the maximum loan amount that IMB will usually lend without lender’s mortgage insurance, which is 80% of the value of the property being purchased. This additional security provided by the family member is provided in the form of a limited guarantee secured by a residential property owned by the family member, or secured by a Term Deposit lodged with IMB by the family member.
Another option for borrowers with less than 20% deposit is the Home Guarantee Scheme which assist first home buyers and single parents purchase a home with as little as 5% deposit, while not paying the Lenders Mortgage Insurance.
*IMB lending criteria, terms and conditions, fees and charges apply. Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 18/10/24 until Offer is withdrawn. Purchase loans must settle within 180 days of application and refinanced loans must settle within 90 days of application. Borrowers are eligible for one Cashback Payment in a 12-month period. Cashback Payment for loans valued between $250,000 and $499,999 is $2,000, Cashback Payment for loans valued between $500,000 and $749,999 is $3,000, and Cashback Payment for loans valued $750,000 and over is $4,000. One Cashback Payment will be paid per eligible application, into the primary borrower’s IMB Transaction Account within 60 days of settlement. Excludes: refinance of IMB loans, commercial, construction and bridging loans. For full terms and conditions see www.imb.com.au/cashback. This Offer may be varied or withdrawn at any time.
1. The interest rate shown is payable on balances up to $1M only. The Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1 September 2023, for new or existing Members who have not held a Reward Saver account before. For joint accounts, all members must be eligible to receive the Introductory Fixed Bonus Interest. To earn both the Introductory Fixed Bonus Interest Rate and Standard Variable Bonus Rate the account holder must make a minimum $50 deposit and no withdrawals per month (Bonus Interest Criteria). If the Bonus Interest Criteria is not met for the calendar month, both the Standard Variable Bonus Rate and Introductory Fixed Bonus Interest Rate are forfeited.
2. Rates and terms negotiable for amounts of $100,000 and over held in a Negotiable Interest Term Account. 6 month term is treated as 183 days for the purposes of term length and interest calculations.