IMB Bank Home Loans

IMB Bank is a provider of home loans, credit cards, personal loans, savings and transaction accounts, travel money cards, car insurance, home insurance, travel insurance, and business banking products.

What home loans does IMB Bank offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from IMB Bank that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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IMB Bank variable home loan features

Depending on the option you choose, an IMB home loan may include the following features:

  • An offset account on selected loans(up to 100% offset available)
  • Redraw facility available on selected loans
  • Additional repayments allowed
  • Repayments may be made weekly, fortnightly, or monthly
  • Family guarantee available on your loan

The inclusions above represent a selection of the features available with IMB Bank  home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with IMB Bank and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

 

IMB Bank FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs

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If you decide to apply for an IMB Bank home loan,you can complete an online application through the website. According to IMB Bank, you will need supporting documents, such as your ID, income verification documents and savings statements, to submit an application successfully.

Further enquiries can also be made online or over the phone.

At the time of writing, IMB Bank allows unlimited extra repayments on its variable interest home loans (and the variable component of a split loan) and up to 12 months of extra repayments free of charge on its fixed interest home loans. Terms and conditions may apply. Contact IMB Bank or visit the IMB Bank website for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

Yes, at the time of writing IMB Bank offers a free redraw facility on both its fixed and variable interest home loans. According to IMB Bank, the minimum redraw is $500. It’s free to make a redraw online, IMB Bank says, but at the time of writing a fee of $50 applies to redraws completed using other channels such as in branch or over the phone.  Contact IMB Bank for details.

If you’re in the market for a home loan, compare your home loan options with Canstar:

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IMB Bank was established in 1880. Having started in Wollongong, IMB Bank says it now has branches across New South Wales, the Australian Capital Territory, and Victoria, and provides services for 190,000 members. 

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Written by: Eliza Parry-Okeden | Last updated: September 19, 2019