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Since 1880, IMB has been helping Australians reach their financial goals by providing them with access to banking, home and personal loans, financial planning and a wide range of financial products and services. IMB bank has a large community focus and works actively with local communities to provide financial support for projects. Over the years, IMB has grown its branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.

IMB Accelerator Home Loan

The IMB Accelerator Home Loan gives borrowers a discounted variable interest rate for the first two years of the loan, in addition to an ongoing discount off IMB’s standard variable interest rate. This loan comes with a 100 per cent offset account which uses the balance of your savings account to help you save interest and pay off your loan sooner. Borrowers looking for more certainty in their repayment amounts can choose to split this loan into both fixed and variable interest rates and have the added bonus of making unlimited additional loan repayments. The maximum loan term is 30 years and customers can borrow up to 90 per cent of the property value. This loan has no monthly account fees, as well as unlimited free internet and mobile banking redraws.

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IMB Essentials Loan

The IMB Essentials Loan is a no-fuss home loan that gives borrowers the advantage of flexible repayment options including an additional life-of-loan discount off the standard variable interest rate. This loan has no monthly account keeping fees and gives you the freedom to make unlimited additional loan repayments. Borrowers can take advantage of the 100 per cent offset account to help reduce the amount of interest payable on the loan and potentially shorten the loan term. Investors can borrow up to 80 per cent of the property value while owner-occupiers can borrow as much as 95 per cent. This loan has a maximum term of 30 years and gives borrowers looking for extra peace of mind the option of taking additional Loan Repayment Insurance. Borrowers can choose between monthly, fortnightly and weekly repayment options can split this loan into both fixed and variable interest rate options.

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IMB Equity Line Advantage Loan

The IMB Equity Line Advantage Loan combines your home loan together with all your savings and transactions accounts so that all your income works towards reducing the amount of interest you pay on your home loan. This Equity Line loan gives you complete flexibility over your mortgage and has no ongoing account fees. This loan has a maximum term of 15 years and a borrowing limit of $1,000,000; after the 15 years, this loan switches over to a reducing credit facility. With this loan, borrowers have the flexibility to choose from monthly, fortnightly and weekly repayment options and can also make additional repayments to help reduce the loan. This equity loan has a variable rate, however it can be split into both fixed and variable loan options. This IMB Equity Line Advantage Loan is only available for new purchases; refinancers are not eligible for this loan.

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IMB Package Equity Loan

The IMB Package Equity Loan combines the IMB Equity Line Advantage Loan with the platinum package, giving borrowers the advantage of paying one annual fee to combine multiple loans into one account. The Package Equity Loan combines a line of credit together with an IMB Everyday Unlimited transaction account which has no monthly fee as well as fee-free transactions. In addition, Package Equity Loan customers can reduce their monthly repayments with the life-of-loan discount on IMB's Standard Variable Rate Fixed Rate loan. The 100 per cent offset account can help save interest and potentially reduce the loan term. Package Equity Loan customers can take advantage of a 10 percent discount on their first year of home and contents and landlords insurance premiums as well as a complimentary consultation with a financial planner.

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IMB Fixed Rate Loan

Borrowers looking for certainty in their repayment amounts will enjoy peace of mind with the IMB Fixed Rate Loan option. This fixed rate loan gives owner-occupiers loan terms of up to five years and one, three or five years for investor loans. Borrowers looking to get ahead can make up to 12 months of advance repayments which can be accessed at a later stage through the redraw facility if needed. This loan has a maximum term of 30 years and gives borrowers the option of making weekly, fortnightly or monthly repayments. Borrowers looking for the best of both worlds can split this loan into both fixed and variable interest rates and can take out additional Loan Repayment Insurance for added peace of mind. This loan has no offset account and does have a monthly fee and an application fee.

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IMB Discount Split Loan

The IMB Discounted Split Loan gives owner-occupiers the flexibility to choose between both a fixed and variable interest rate, or a combination of both. In addition, borrowers have access to a discounted interest rate for the first 12 months of the variable rate and can make unlimited additional repayments on the variable portion of the loan and up to 12 months on the fixed part of the loan. Borrowers can access up to 95 per cent of the property value with a maximum loan term of 30 years. This loan lets you choose between weekly, fortnightly or monthly repayments and has the option of taking Loan Repayment Insurance for those looking for extra peace of mind. This loan has no offset account or interest only option.

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IMB Budget Home Loan

The IMB Budget home loan is a low cost, easy to understand home loan that gives borrowers access to a lifelong discount off IMB’s standard variable interest rate. This loan has a maximum term of up to 30 years and gives borrowers the freedom to choose between monthly, fortnightly or weekly repayments. Borrowers who prefer the certainty of fixed rate repayments can split this loan into both fixed and variable interest rates. Borrowers looking to reduce their loan term have the option of making unlimited additional loan repayments which can be accessed at any time through the free internet and mobile banking redraws.

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IMB Standard Variable Loan

The IMB Standard Variable Loan is packed with easy to comprehend features all designed to help borrowers get the most out of their home loan. The 100 per cent offset account gives the opportunity to use the balance of their savings account to help save on interest. This loan has a maximum loan term of 30 years and gives borrowers the choice of making weekly, fortnightly or monthly loan repayments. Borrowers can access up to 95 per cent of the property value and can make unlimited additional loan repayments which can be accessed through the loans free redraw facility. Borrowers looking for extra peace of mind can take additional Loan Repayment Insurance which can cover any loan repayments in the event of illness or loss of income.

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IMB Introductory Loan

The IMB Introductory Loan gives borrowers a head start on their home loan by giving them access to an introductory reduced variable interest rate for the first year of the loan. Following the introductory period, the loan then converts to a discounted standard variable home loan. This loan has a maximum loan term of 30 years and gives loan customers the option of borrowing up to 95 per cent of the property value. This loan has no offset account, but does give borrowers the option of making unlimited additional repayments which can be accessed through the free redraw facility. Borrowers can choose from weekly, fortnightly or monthly repayment options and have the added advantage of splitting this loan into both fixed and variable interest rates. Loan customers looking for extra peace of mind have the option of adding Loan Repayment Insurance to their home loan.

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IMB Platinum Package Loan

The IMB Platinum Package Loan combines some of IMB’s most popular products to bring loan customers Better Value Banking. This package has an annual fee which gives borrowers access to lower monthly repayments through the life-of-loan discount on the variable interest rate and fixed rate. Borrowers will also have access to a discounted Equity Line and an IMB everyday unlimited transaction account which has no transaction fees or account fees. In addition to the 100 per cent offset account, the platinum package gives borrowers the flexibility to manage up to four loans under the one annual fee. Platinum Package Loan customers can take advantage of a 10 per cent discount on their first year of home and contents and landlords’ insurance premiums as well as a complimentary consultation with a financial planner.

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Home Loans from IMB

Pros
  • IMB have a wide variety of home loan products to suit most borrowers.
  • IMB loans have flexible options.
  • Loans can be packaged with other products.
  • Some loans offer discounts on interest rates.
Cons
  • Some IMB loans are not available to refinancers and investors.
  • Some loans products include fees.
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Customer Service

IMB home loan customers can contact the bank via the customer support contact centre six days a week. Alternatively, home loan customers who prefer face-to-face banking can pop into a branch or book an appointment with an IMB mobile lender through the website. Customers also have the option of emailing their enquiry through an online contact form.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Branch

✓     Online Chat

✓     Mobile banking staff

Applying and Eligibility

IMB provides potential customers with multiple ways of applying for a home loan. This includes filling out an online application form, calling an IMB Loan Specialist or applying in person at an IMB Branch if you’re in NSW. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Proof of identification.
  • Proof of income – whether you are self-employed or work for an employer.
  • Information regarding your current debts, liabilities and assets.
  • Information relating to the property you are buying including a contract of sale.
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