IMB Package Equity Loan


The Package Equity Loan consolidates your home loan and savings account, so that income can be deposited directly into your home loan to reduce interest. When you require cash, you simply draw you draw out what you need up to an approved amount for living expenses.

One of the major benefits of the Package Equity Loan is that it gives you freedom to borrow funds for other life expenses at home loan interest rates. It may be in your interests to leave more income in your equity loan account though, because the more income in the account, the less interest you will pay on your mortgage.

You also have the option of splitting the Package Equity Loan and securing a fixed rate for a portion of the loan.

You can choose the amount and frequency of your repayments depending on how often you're paid.

IMB lets you borrow up to 90 per cent of the property value.

Should you purchase another property during your loan term, the Package Equity Loan is portable. You can move it across to the next property without the need for a new loan application or the associated fees. 

Who is the IMB Package Equity Loan good for?

The Package Equity Loan may be good for borrowers who want the convenience of having their loan and savings in one place. It may also suit borrowers who have unused equity they want to unlock. 

Review - What RateCity says

The Package Equity Loan provides a flexible mortgage that lets you draw on the equity in your property for other purchases and investments.


This loan may suit borrowers who are disciplined with how they spend their money and want to keep their finances in one place. 

IMB Package Equity Loan Options

The IMB Package Equity Loan lets you bundle a range of banking products to gain access to various discounts and features. 

  • No ongoing fees.
  • Portable.
  • Split loan option available.
  • Maximum 15-year loan term.
  • No 100 per cent offset account.
  • No redraw facility.

Must meet serviceability criteria 

Must be over 18 years of age.

About IMB Bank

IMB was established in 1888 and has branches across NSW. Its banking services include home and personal lending, savings accounts, term deposits and financial planning.

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