IMB Accelerator Home Loan
A home loan with a range of features to help you own your home sooner
Featuring a discounted rate for the first two years, which reverts to a rate with an ongoing discount of 0.50% off IMB's Standard Variable Rate for the life of the loan, this loan is designed to help you pay it off sooner.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
You should know that the Accelerator Home Loan is only available for new funds, that is, it's not available for refinancing from an existing IMB home loan. Owner occupiers and investors are eligible to apply.
About this loan
What are the features and benefits of the IMB Accelerator Home Loan?
- Loan to value ratio (LVR). There is a maximum LVR of 90% for this loan, but be aware borrowing more than 80% will require paying lenders mortgage insurance (LMI).
- Maximum term. This loan has a maximum loan term of 30 years.
- Loan amounts. You can borrow a minimum of $300,000, up to a maximum of 90% of the property value.
- Repayments. Your repayments are charged and calculated monthly, though you can make weekly, fortnightly or monthly repayments.
- Split facility. This is available, but not with the construction option. A split rate option allows you to split your loan into both variable and fixed portions, so you can enjoy some of the benefits of both rate types.
- Additional repayments. You can make unrestricted, unlimited extra repayments with this loan.
- Redraw facility. You can redraw for free online through IMB Internet Banking, otherwise a $50 fee will apply if you redraw through an IMB Branch or IMB Direct. The minimum amount is $500.
- 100% offset account. This offset facility is only available with the IMB Everyday or Everyday Unlimited accounts. An offset account works by using the money in the account to substitute a portion of your loan principal so you pay less interest.
- Repayment options. You can choose from: direct salary, electronic transfer, GiroPost, periodical payments from your IMB account, within an IMB branch and through phone, internet and mobile banking.
- Portability. A $600 fee applies if you wish to use this feature. A portable facility means you can see your property and move to a new one without the need to switch loans.
- Home loan statements. These will be received on a quarterly basis.
What fees and charges come with this loan?
- Application fee: $449. This fee is charged to cover the cost of your application and includes one valuation. Any extra valuation costs beyond this are required to be covered by the borrower.
- Settlement fee: $350. This fee covers the lender's legal costs.
How to apply
If you would like to find out more information or apply for this loan, please click on the secure links provided on this page to be taken to the IMB website. You'll be taken to page that look similar to one pictured on the left.
You'll have the option of requesting a call back from IMB or applying for the loan directly.
With a few of your details, you can request a call back:
- Contact details - Your name, preferred contact number, preferred contact time
- Address - Your home address
- Preliminary information about your loan
If you would like to apply, the online firm should take about 15-20 minutes to complete. To eligible you need to meet the following criteria:
- You're at least 18 years of age
- You're a permanent Australia resident
- You've never been declared bankrupt or had any judgements or legal action against you for the recovery of debt.
If you currently reside outside of ACT, NSW or VIC and currently not a member of IMB, please note that you won't be able to complete your application online.
Home Loan OffersImportant Information*
Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.
Up to $4,000 refinance cashback. A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply).
A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.
Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.