Our variable rates have a discount margin off our standard variable rate for the life of the loan. The discount will be the discount available at the time a loan contract is issued and may be different to the current discount in the interest rates shown.
IMB Loan – Fees and Charges | |
IMB Home Loan Terms and Conditions | |
IMB Loan, Fees and Charges |
for new purchase or refinance home loans with IMB.*
Min lending applies. LVR up to 80%.
Refinanced loans settled within 90 days, purchase loans settled within 180 days. $4,000 for loans ≥ $750K. $3,000 for loans $500k<$749,999. $2,000 for loans $250k<$499,999.
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*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 Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 18/10/24 until Offer is withdrawn.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 This Offer may be varied or withdrawn at any time.
General
Information current as of 29th November 2024 and subject to change. Lending criteria, terms and conditions, fees and charges apply. Minimum total loan exposure $75,000. Eligibility criteria must be met to apply online. Split loan options not available in online applications.
You should consider the relevant Terms and Conditions or Product Disclosure Statement (PDS) before deciding whether to acquire any IMB products or facilities. Target Market Determinations available here.
Purpose, repayment type and LVR
Interest rates for each type of home loan are based on criteria that includes purpose (owner occupier or investment), repayment type (principal and interest (P&I) or interest only) and loan to value ratio (LVR). Different interest rates and establishment fees may apply if the purpose, repayment type or LVR is different to the purpose, repayment type or LVR for the interest rate shown.
Rates and features
1. Variable rate interest only loans have a discount off the standard variable rate for interest only loans during the interest only period. At the end of the interest only period the interest rate converts with the same discount off the standard variable rate for principal and interest loans. The discount margin will be the discount available at the time a loan contract is issued and may be different to the current discount in the interest rates shown. They are for new applications only and they are not available for refinance of existing IMB loans.
2. While making interest only repayments, your loan balance will not reduce. After the interest only period, your interest rate will convert to the applicable interest rate for principal and interest repayments shown in your loan contract.
3. The 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. The comparison rate calculation is based on an initial 5 year interest only term. For fixed rate loans, the comparison rate is based on the fixed rate period being an equal term to the interest only repayment period.
4. Fixed interest rates are indicative and they may vary on settlement. All fixed rate loans convert to a variable interest rate with a discount off the standard variable rate at the end of the fixed rate term.
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