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IMB home loans

IMB has home loans for owner-occupiers and investors, with rates starting from 5.99%.

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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 learn more about the lender and its loans.

  • IMB Cashback Offer 


    Eligible refinancers can get $2,000 cashback when they borrow $500k or more with a maximum LVR of 80%.

    This offer is available on the Essentials Home Loan, Budget Home Loan and Fixed Rate Home Loans. Borrowers must be refinancing from another financial institution.

    This offer is available to owner occupiers and investors. Applications must be submitted from 1 March 2024 for Essentials and Fixed Rate home loans, or 5 April 2024 for Budget Home Loans.

    The loan must be settled within 90 days.Limit of 1 cashback per eligible application. Other terms and conditions apply.

Compare IMB home loans for April 2024

Hit the "Load More" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "More Info".

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1 - 5 of 15
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest20% min. depositOwner-occupier
Interest Rate
6.14%
Comparison Rate
6.17%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$914
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Interest Rate
5.99%
Comparison Rate
6.34%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$900
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
Principal & Interest20% min. depositInvestmentOffset account
Interest Rate
6.44%
Comparison Rate
6.61%
Fees
Application: $449
Ongoing: $10 per month
Monthly Payment
$944
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
Interest Rate
6.14%
Comparison Rate
6.37%
Fees
Application: $449
Ongoing: $6 per month
Monthly Payment
$914
Principal & Interest20% min. depositOwner-occupierOffset account
Interest Rate
6.19%
Comparison Rate
6.30%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$919
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
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Showing 5 of 15 results

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 some 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.
  • IMB is also well-known for its reverse mortgage offering.

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 depositMost IMB loans have 80% maximum LVRs, meaning you can get these loans with a 20% 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, as well as aged care loans to support borrowers moving into an aged care facility. 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

How do I apply for an IMB reverse mortgage?

Applying for a reverse mortgage is not too dissimilar to applying for a standard home loan. However, there are some differing eligibility requirements.

In general, you will need to:

  • Be at least 60 years of age
  • Have equity in your property

You may find that you're only eligible for a certain proportion of the equity you have in the home depending on your age.

To apply for a reverse mortgage at IMB, you should speak to a mortgage broker or contact IMB itself.

Guide to reverse mortgages

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

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