Budget Home Loan

General Lending Rates

Product Variations

Product Features

• Digital Banking Additional Information: Internet Banking and Mobile Banking App.

• Notifications Additional Information: IMB Alerts keep you up to date by sending you SMS or email alerts regarding your banking. Account Alerts help you keep track of your finances and Internet Banking Security Alerts to help keep you safe online. You can register for Alerts in Internet Banking.

• Other Additional Information: Direct Credit is available on this account type.

• Other Additional Information: Receive Electronic Funds Transfers (EFT) to this account type.

• Other Additional Information: IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.

• Other Additional Information: IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm

• Other Additional Information: Receive only

• Other Additional Information: Split loan available.

• Redraw Additional Information: Free redraw via internet and mobile banking

• Extra Repayments Additional Information: Unrestricted additional repayments

• Guarantor Additional Information: A Family Guarantee allows family to assist their children in the purchase of a property without actually providing a cash gift or cash loan. It could also allow borrowers to include some of the costs of purchasing, such as stamp duty and legal costs in the loan amount.

• Cashback Offer Additional Information: $2,000 cashback for new purchase or refinance home loans. Loans from $250,000 to $499,999. Max LVR 80%. Entitlement to cashback is conditional on the loan being active for at least 12 months. 50% of the cashback is repayable if the loan is discharged within 12 months of the settlement date. Excludes: refinance of IMB loans, commercial, construction and bridging loans. Lending and eligibility criteria, T&Cs apply.

• Cashback Offer Additional Information: $3,000 cashback for new purchase or refinance home loans. Min loan size $500,000. Max LVR 80%. Entitlement to cashback is conditional on the loan being active for at least 12 months. 50% of the cashback is repayable if the loan is discharged within 12 months of the settlement date. Excludes: refinance of IMB loans, commercial, construction and bridging loans. Lending and eligibility criteria, T&Cs apply.

Product Eligibility

• Min Age - 18.

• Natural Person

• Residency Status - Borrowers Must Be Australian Citizens Or Permanent Residents..

• Other - Assessment. Additional Information: Lending Criteria apply

• Other - Purpose Of Funds. Additional Information: For new funds only. Not available as a switch or re-finance from another IMB home loan

Bank Fees and Charges

• Loan Application Fee (Upfront), Amount: 449.00. Additional Information: Application fee includes one valuation. Valuation costs over & above single/primary security are to be covered by the borrower. Other fees and charges may apply.

• Mortgage Processing Fee (Upfront), Amount: 350.00.

• Additional Valuation Fee (Upfront), Amount: 0.00. Additional Information: If the loan is to be against more than one security, additional valuation costs will be collected at settlement.

• Redraw Fee (free Via Internet And Mobile Banking) (Event), Amount: 50.00. Additional Information: Redraws are FREE via internet banking, otherwise a fee applies

• Split Loan Fee (Upfront), Amount: 100.00. Additional Information: Payable to IMB if a loan is split into more than one account.

• Other Fees And Charges May Apply. (Variable), Amount: 0.00. Additional Information: A full list of fees and charges will be provided if loan is approved.

• Pexa Transaction Service Fee (Event), Amount: 0.00. Additional Information: Payable to the Property Exchange Australia for electronic lodgement of any transaction on title after settlement, including lodgement or discharge of mortgage or caveat.

• Additional Mortgage Processing Fee (Upfront), Amount: 150.00. Additional Information: Payable for each additional new security property and added to the Mortgage Processing Fee.

• Amendment Fee (Event), Amount: 150.00. Additional Information: Payable when contract documentation is re-issued due to a change requested by a borrower.

• Guarantor Fee (Upfront), Amount: 100.00. Additional Information: Payable for the preparation and processing of guarantee documentation when a loan includes a guarantor/s.

• Construction Loan Fee (Event), Amount: 300.00. Additional Information: Payable for the processing of progress payment requests on a construction loan, including any valuer progress inspection reports we may require.

• Valuation Fee (Variable), Amount: 0.00. Additional Information: Payable when a non-standard valuation is required. A non-standard valuation may be required when the estimated value of a security property is above a certain amount, or a security property is of a certain type (e.g. a rural or heritage property).

• Additional Loan Application Fee/top-up Fee (Upfront), Amount: 449.00. Additional Information: Payable for an application for an additional loan with no new security.

• Consent Fee (Event), Amount: 300.00. Additional Information: Payable each time we are asked to consent to a request that affects the security property (e.g. a subsequent mortgage, lease, subdivision or transfer).

• Default Fee (Event), Amount: 50.00. Additional Information: Payable when a loan is in default because amounts due have not been paid on time.

• Discharge Fee (Exit), Amount: 350.00. Additional Information: Payable each time we release and discharge a security property.

• Partial Discharge Processing Fee (Event), Amount: 300.00. Additional Information: Payable when we are asked to release a security property from a loan which has more than one security property. This fee covers the processing of this request and is payable in addition to the Discharge Fee and any other fees and charges that may apply.

• Portable Loan Fee (Event), Amount: 600.00. Additional Information: Payable when we are asked to replace an existing security property with a new security property.

• Switching Fee (Event), Amount: 300.00. Additional Information: Payable when we process a request to change to an interest rate type, product type or repayment type, including extending an interest only period and at the end of a fixed rate term.

 Limitations & Restrictions (Constraints)

• Min Limit of 10000

• Min Lvr of 0

• Max Lvr of 0.95

• Max Lvr of 0.9 Additional Information: Applies to Owner Occupied Interest Only loans