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Essentials Home Loan

For living in the home
A win-win option with flexible repayment options, a life-of-loan discount off IMB’s standard variable rate and 100% offset account3.
Get it done with IMB Bank using our easy online application.

6.24

% p.a

Variable Interest Rate1

with current discount
margin

6.35

% p.a

Comparison Rate2

For new owner occupier loans with P&I repayments ≤80% LVR

Get up to

$4,000 cashback
for new purchase or refinance home loans with IMB.*

Disclaimer

Features

Life-of-loan discount off IMB’s standard variable interest rate
Unrestricted additional repayments
100% offset account3 and free redraw facility4 via Internet and Mobile Banking
$10 monthly fee

Other features

Eligibility criteria

Rates & Fees

Interest rates shown are for new owner occupied loans on principal and interest repayments.

Essentials Home Loan

Interest Rate1
with current margin discount

Comparison Rate2

LVR ≤80%

6.24

% p.a.

6.35

% p.a.

LVR >80% & ≤90%

6.39

% p.a.

6.50

% p.a.

LVR >90% & <95%

6.94

% p.a.

7.05

% p.a.

Get to know the numbers

Applying for a home loan is easy

Understand home loans

Review our home loan help articles or speak with one of our home loan specialists to better understand home loans.

Compare your options

We offer a fixed rate, basic variable rate and variable with offset account. You can also use a home loan calculator to see how much you could borrow and what your repayments will be.

Apply online

Our digital home loan journey let's you get started on your own, or one of our home loan specialists can help you out.

Have a saved application?

Resume your application and continue where you left off.

Ask us how to get up to
$4000 cashback

for new purchase or refinance home loans with IMB.*

Talk to a Home Loan Specialist

Receive fast, reliable, no-obligation home loan guidance.

A lender will typically call you within the next 30 minutes on weekdays (8am-8pm), or you can book a day/time that suits you.

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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 Offer is for Eligible Purchase Applications or Eligible Refinance Applications made from 18/10/24 until Offer is withdrawn.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.

Got a question on Home Loans?

What type of security can be used for the guarantee provided to support the Family Guarantee Home Loan?

How can I calculate what my repayments will be?

Can I do weekly/fortnightly repayments?

How long does home loan pre-approval/conditional approval last?

Can you have a split loan?

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Important Information

General

Information current as at date of appearance 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 Terms and Conditions and Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determinations available here.

Purpose, repayment type and LVR

Interest rates 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 loans have a discount off the standard variable rate. 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. Also refer to the general information above.

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.

3.The balance in your 100% offset account reduces the balance used to calculate interest on your home loan. 100% offset is available using the IMB Everyday and IMB Everyday Unlimited Accounts.

4.Minimum redraw $500.  

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