IMB

IMB home loans

IMB has home loans for owner-occupiers and investors, with rates starting from 1.97%.

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IMB is an Australian mutual bank based in the Illawarra region of New South Wales. IMB has a range of home loans for investors and owner-occupiers. Check out the full table of IMB products below or read more about the lender and its loans.

Compare IMB home loans for September 2021

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$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

IMB Fixed Rate Home Loan P&IHome 2Y Fixed≥ 5% Deposit

IMB Fixed Rate Home Loan
1.97%
2.88%
  • App: $449
  • Ongoing: $6 per month
$554
NSW and ACT customers only. Lock in a low fixed rate for two years. Available with a 5% deposit.

IMB Fixed Rate Home Loan P&IHome 3Y Fixed≥ 5% Deposit

IMB Fixed Rate Home Loan
2.07%
2.83%
  • App: $449
  • Ongoing: $6 per month
$561
NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online. Available with a 10% deposit.

IMB Fixed Rate Home Loan P&IInvestment 3Y Fixed≥ 10% Deposit

IMB Fixed Rate Home Loan
2.35%
3.33%
  • App: $449
  • Ongoing: $6 per month
$583
NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.

IMB Budget Home Loan P&IHome≥ 10% Deposit

IMB Budget Home Loan
2.43%
2.49%
  • App: $449
  • Ongoing: $0 p.a.
$589
A competitive variable rate for borrowers with 20% deposits saved. Available for NSW and ACT borrowers only.
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IMB key facts

  • IMB is a mutual bank, meaning it is owned by its members. IMB has many branches around the NSW South Coast region, the ACT, other parts of NSW and Melbourne.
  • You can get many IMB loans with a deposit smaller than 20%.
  • In addition to home loans, IMB also offers savings accounts, personal loans, credit cards and insurance products.

Review by our senior home loans writer Richard Whitten.

IMB home loan features

Here are the key features and details you need to know about IMB's mortgage products.

FeatureDetails
Minimum depositMany IMB loans have 90% maximum LVRs, meaning you can get these loans with a 10% deposit. Some are available with 5% deposits.
Offset accountSome IMB loans come with offset accounts that let you save money while paying less interest.
Bridging loans and reverse mortgagesIMB offers reverse mortgages that allow older home owners to borrow against equity in their homes. It also offers bridging loans to help borrowers in between buying a new home and selling their old home.
Repayment optionsBoth IMB's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost IMB mortgages allow you to split your loan into fixed and variable portions.

How do I apply for an IMB mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each IMB product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with IMB you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like IMB

If you want to compare loans from similar lenders to IMB then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

More home loan questions

More guides on Finder

  • IMB Reverse Mortgage

    A review of the IMB Reverse Mortgage. Use the equity in your property to fund your retirement.

  • IMB Aged Care Loan

    Fund your aged care needs with the equity from your property with an IMB Aged Care Loan. Find out if it's right for you.

  • IMB Equity Line Advantage Home Loan review

    Looking for a home loan that works with you to help you pay it off sooner? The IMB Equity Advantage Home Loan combines your home loan and everyday accounts so that you lower the interest you pay therefore paying off your home sooner.

  • IMB Standard Variable Home Loan

    The IMB Standard Variable Home Loan offers flexible repayment options, a redraw facility to access any additional repayments made and a 100% offset account.

  • IMB Accelerator Home Loan

    IMB's Accelerator Home Loan offers a discount to your rate for the life of the loan, plus no monthly or annual fees.

  • IMB Introductory Variable Home Loan

    The IMB Introductory Variable Home Loan gives you the extra funds you need to make your new house a home. .

  • IMB Budget Home Loan

    Save on your home loan without compromising on the features you need with the IMB Budget Home Loan.

  • IMB Essentials Home Loan

    A review of the IMB Essentials home loan which has a competitive variable rate, limited fees and useful features like an offset account.

  • IMB Fixed Rate Home Loan

    The IMB Fixed Home Loan offers the peace of mind of a fixed interest rate along with plenty of flexible features.

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