iMortgage home loans

If you're considering an online lender, iMortgage could have a range of home loans suitable for you.

iMortgage is a lending operator owned by Homeloans Ltd, one of Australia’s largest non-bank lenders. iMortgage is Homeloans Ltd’s online arm, which aims to make the borrowing process more convenient. With offices in every mainland state in Australia, and recommendations from over 6000 mortgage brokers, Homeloans Ltd may have a home loan to suit your needs.

Compare iMortgage home loans

Rates last updated March 26th, 2019
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Who is iMortgage?

Existing as a subsidiary of Homeloans Ltd, iMortgage is able to provide a range of home loan options. You can find variable and fixed rates, Lo Doc loans, investment loans, first home buyer loans and line of credit loans. iMortgage loan products also come with features, including access to equity, redraw facilities, flexible repayment options and waived loan fees.

iMortgage is an online lender, so it lacks that element of human interaction. However you can speak with customer service representative throughout each step of the application process.

Home loans offered by iMortgage

Variable rate home loan

iMortgage offers its variable rate loans at competitive interest rates. Loans can be taken out from iMortgage’s Fusion, Fusion Propack and Essential options. The Essential Variable Rate Loan can be suitable for investment opportunities. You can set up a flexible repayment structure for your loan, and repayments are allowed for principal and interest or interest-only. Extra repayments are also allowed.

The iMortgage Fusion, meanwhile, allows you to borrow to a different LVR and also offers competitive fixed rates. The Fusion ProPack offers a further discount on interest rates but does attract an annual fee.

These variable interest rate loans are great for new purchases or for refinancing, as well as owner occupiers or investors. All variable rate loans from iMortgage have zero application, valuation and legal fees and come with a free redraw facility. The interest rate for the variable interest rate loans is guaranteed low for the life of the loan.

Fixed rate home loans

The Fixed Rate home loan from iMortgage is suitable for purchasing a home, refinancing, debt consolidation, equity release, construction and buying vacant land. The fixed rate period can be set for up to five years and the loan can be split.

Repayments can be made on principal and interest or interest-only, and extra repayments are allowed. You can make repayments from your salary, BPAY or direct debit deposit. If you opt into the iMortgage Fixed Rate ProPack you will have to pay an annual fee, but there are no application, legal or valuation fees associated with this loan.

Lo doc home loans

This loan is a viable option for borrowers who are purchasing, refinancing, looking for debt consolidation, planning construction or buying vacant land. iMortgage’s Lo Doc Loan can have a variable or fixed interest rate and can be split. Repayments can be made in principal and interest or interest-only, and extra repayments are allowed only during the variable rate period.

During the variable rate period, you also have access to a redraw facility via phone and internet banking. This loan is portable and there are no application, legal and valuation fees.

First home buyers home loan

The First Home Buyers home loan lets you set a fixed interest rate or choose a variable rate. Repayments can be made in principal and interest or interest-only, while extra repayments are allowed for this loan when the interest rate is variable.

In addition, while the loan is set at a variable interest rate you can access an unlimited redraw facility via mobile and internet banking. This loan is portable and you can make repayments on your own terms, be it monthly, fortnightly or weekly. The application, legal and valuation fees are waived with the First Home Buyers Loan.

Fusion line of credit home loan

The Fusion Line of Credit Loan is useful for purchasing a home, for refinancing, debt consolidation and equity release. Line of Credit Loans provide borrowers with the peace of mind of knowing they can access funds when needed.

The interest rate on the Line of Credit Loan is variable and repayments can be made on the interest-only. Extra repayments are allowed and there is a handy redraw facility via phone and internet banking, as well as ATM, EFTPOS and direct credit. This loan is portable and you can structure your repayments on a monthly, fortnightly or weekly basis. The application, legal and valuation fees are also waived for the Fusion Line of Credit Loan.

About how to compare home loans

Pros and cons


  • Waived fees. iMortgage waives the application, legal and valuation fees that are normally associated with taking out a loan.
  • Fusion benefits. If you opt into the Fusion ProPack on iMortgage’s variable rate loans, you receive debit card and ATM access along with other exclusive customer benefits.
  • Access to equity. Borrowers in need of a line of equity can use the Fusion Line of Credit Loan. This loan has an interest-only repayment option and allows you to withdraw up to a certain credit limit.


  • Lack of offset ability. iMortgage doesn’t offer much in terms of offset accounts. This feature would be an attractive benefit to some borrowers if added to some of iMortgage’s home loans.

How to apply for a iMortgage home loan

To apply for a iMortgage home loan, please consult a mortgage broker.

Documents needed to apply for a iMortgage home loan

Like most loan lenders, iMortgage wants to know that you're able to pay back a loan, and will want to know a bit about you. This means you'll usually need to submit the following information:

  • Personal information, including your current address, employment information and your driver's licence and/or passport number.
  • Financial information, meaning your income, debts and asset details.
  • Property details, including the contract of sale and any other important documents iMortgage requires.

Ensure that you have found the best deal for your personal and financial situation by weighing your options - a mortgage broker can also help.

To speak to a mortgage broker today

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