IMB Fixed Rate Home Loan

Rates and Fees verified correct on May 24th, 2016

Enjoy peace of mind and plenty of additional features with the IMB Fixed Home Loan

The IMB Fixed Home Loan is a home loan with a fixed rate and repayments to prevent you from having to make larger payments during interest rate fluctuations. This home loan is great for those who want competitive features and a sense of security in repayments. The IMB Fixed Home Loan is also very flexible and allows you to make repayments of up to 12 months in advance without any penalties.

IMB also offers a range of other loans and financing options including budget home loans, variable home loans, discount split home loans and package home loans. Each option is unique so you might be able to find the one that’s right for your needs.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed (LVR <80% Investor)
4.49% p.a.
Comparison Rate
4.78% p.a.
95% 80%
1 Year Fixed (LVR > 90% Owner Occupier)
4.94% p.a.
Comparison Rate
5.13% p.a.
95% 90%
1 Year Fixed (LVR < 90% Owner Occupier)
4.29% p.a.
Comparison Rate
5.07% p.a.
90% 80%
1 Year Fixed (LVR >80% to <90% Investor)
4.74% p.a.
Comparison Rate
5.41% p.a.
80% 80%
2 Year Fixed (LVR < 90% Owner Occupier)
4.29% p.a.
Comparison Rate
5.00% p.a.
95% 90%
2 Year Fixed (LVR > 90% Owner Occupier)
4.94% p.a.
Comparison Rate
5.12% p.a.
95% 90%
3 Year Fixed (LVR >80% to <90% Investor)
4.49% p.a.
Comparison Rate
5.22% p.a.
80% 80%
3 Years Fixed (LVR <80% Investor)
4.34% p.a.
Comparison Rate
5.38% p.a.
95% 80%
3 Year Fixed (LVR < 90% Owner Occupier)
4.08% p.a.
Comparison Rate
4.88% p.a.
90% 80%
3 Year Fixed (LVR > 90% Owner Occupier)
4.94% p.a.
Comparison Rate
5.11% p.a.
95% 90%
4 Year Fixed (LVR > 90% Owner Occupier)
5.19% p.a.
Comparison Rate
5.19% p.a.
95% 90%
4 Year Fixed (LVR < 90% Owner Occupier)
4.59% p.a.
Comparison Rate
4.98% p.a.
90% 80%
5 Years Fixed (LVR <80% Investor)
4.69% p.a.
Comparison Rate
5.40% p.a.
95% 80%
5 Year Fixed (LVR >80% to <90% Investor)
4.84% p.a.
Comparison Rate
5.24% p.a.
95% 80%
5 Year Fixed (LVR < 90% Owner Occupier)
4.59% p.a.
Comparison Rate
4.95% p.a.
90% 80%
5 Year Fixed (LVR > 90% Owner Occupier)
5.39% p.a.
Comparison Rate
5.29% p.a.
95% 90%
Product NameIMB Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$445
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$6 monthly ($72 p.a.)
Settlement Fee$323.74
Discharge Fee$0
Pros
  • High maximum LVR of 95%
  • Free redraws via internet banking
Cons
  • Application fee of $445
  • Monthly service fee of $6 per month
  • Mortgage processing fee of $0

Things to consider about the IMB Fixed Home Loan

The IMB Fixed Home Loan is a form of financing used when purchasing a home or property and can be used for both investment and personal purposes. With this loan, you can make weekly, fortnightly or monthly repayments to help you pay off your loan quicker and avoid excess interest. You can also redraw for free using the Internet and mobile banking.

Features of the IMB Fixed Home Loan

  • Maximum loan amount. The maximum loan amount for the IMB Fixed Home Loan is up to 95% of the property’s value; however, LVR’s over 90% may attract higher rates and charges (including a Lender’s Mortgage Insurance premium for loans over 80% of the property’s value). Keep in mind that the minimum amount you can borrow is $10,000 if you take the three year rate.
  • Maximum loan term. The maximum period to pay off this home loan is 30 years. However, the quicker you pay off your loan, the less interest you will have to pay so you might want to make additional payments when you can.
  • Redraw facilities. With this home loan, you are able to make free redraws via internet and mobile banking. This means you can redraw additional repayments that you have already made in the event that you need the extra cash.
  • Split loan. Although this is a fixed loan, you have the option to split your loan with a competitive variable rate, allowing you more flexibility and potential savings in interest.

Fees

As with all home loans, there are some fees and charges you must first consider before deciding to take out this loan.

Fees you can avoid

  • Redraw fee: $0. Redraws made via the Internet or mobile banking are free. Otherwise, there is a $50 fee charged for each redraw you make. Note that there is a $500 minimum redraw amount.

Fees you can’t avoid

  • Application fee: $445. This is an upfront fee when you apply for the IMB Fixed Home Loan.
  • Monthly service account fee: $6. This is an ongoing account service and maintenance fee that must be made on a month-to-month basis.
  • Mortgage processing fee: . This fee is charged to complete your mortgage application, and includes legal and title insurance fees.

Find out what your repayments will be in a few seconds

How to apply for the IMB Fixed Home Loan

If you’re interested in securing your own IMB Fixed Home Loan, it’s as simple as clicking ‘Go to Site’ to begin the loan application process. To be eligible for this home loan, you must meet the following requirements:

  • To apply for this loan you must be over the age of 18.
  • You must also be an Australian permanent resident and you must be able to prove this.
  • Applicants must have a good borrowing history and will need to prove this. You must declare upfront if you have ever filed for bankruptcy or have any legal proceedings in regards to debt against you.

If you meet the above eligibilities and would like to complete your application, you will need to provide proof of your identity, contact details, employment details, membership details (if applicable) and details of your finances.

Add the IMB Fixed Home Loan to your comparison today and kick-start your homeownership dreams.

IMB Fixed Rate Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 9 July 2015 at 10:07.

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2 Responses to IMB Fixed Rate Home Loan

  1. Default Gravatar
    Bob | December 29, 2014

    I currently have 2 investment properties , land and our home loan with ANZ , I’m not happy with them and I wish to purchase another property , would like to hear from you about refinancing.

    • Staff
      Shirley | December 29, 2014

      Hi Bob,

      Thanks for your question.

      Please note that you’ve come through to finder.com.au. If you would like request a call back from IMB please click on ‘go to site’ to be taken to their enquiry page.

      Cheers,
      Shirley

IMB Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $445 / $6

  • Max LVR

    80%

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