IMB Bank home loan repayment calculator

Thinking about taking out a home loan with IMB Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how IMB Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.58%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • 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.
  • Some IMB loans are not available to refinancers and investors.
  • Some loans products include fees.

IMB Bank home loans rates

Advertised Rate

2.58%

Variable

Total estimated upfront fees
$799
Comparison Rate*

2.64%

Ongoing fee
$0
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Advertised Rate

2.68%

Variable

Total estimated upfront fees
$799
Comparison Rate*

2.74%

Ongoing fee
$0
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Advertised Rate

2.88%

Variable

Total estimated upfront fees
$799
Comparison Rate*

2.76%

Ongoing fee
$0
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Advertised Rate

1.97%

Fixed - 3 years

Total estimated upfront fees
$799
Comparison Rate*

2.81%

Ongoing fee
$6 monthly
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Advertised Rate

2.39%

Fixed - 5 years

Total estimated upfront fees
$799
Comparison Rate*

2.83%

Ongoing fee
$6 monthly
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Advertised Rate

2.29%

Fixed - 4 years

Total estimated upfront fees
$799
Comparison Rate*

2.84%

Ongoing fee
$6 monthly
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Advertised Rate

2.98%

Variable

Total estimated upfront fees
$799
Comparison Rate*

2.86%

Ongoing fee
$0
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Advertised Rate

2.09%

Fixed - 2 years

Total estimated upfront fees
$799
Comparison Rate*

2.90%

Ongoing fee
$6 monthly
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More details
Advertised Rate

2.78%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.92%

Ongoing fee
$10 monthly
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More details
Advertised Rate

2.88%

Variable

Total estimated upfront fees
$799
Comparison Rate*

2.94%

Ongoing fee
$0
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More details
Advertised Rate

2.19%

Fixed - 1 year

Total estimated upfront fees
$799
Comparison Rate*

2.98%

Ongoing fee
$6 monthly
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Advertised Rate

3.08%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.04%

Ongoing fee
$10 monthly
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Advertised Rate

3.18%

Variable

Total estimated upfront fees
$799
Comparison Rate*

3.06%

Ongoing fee
$0
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More details
Advertised Rate

3.34%

Fixed - 1 year

Total estimated upfront fees
$799
Comparison Rate*

3.08%

Ongoing fee
$6 monthly
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More details
Advertised Rate

3.34%

Fixed - 2 years

Total estimated upfront fees
$799
Comparison Rate*

3.12%

Ongoing fee
$6 monthly
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More details
Advertised Rate

3.34%

Fixed - 3 years

Total estimated upfront fees
$799
Comparison Rate*

3.15%

Ongoing fee
$6 monthly
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More details
Advertised Rate

2.98%

Variable

Total estimated upfront fees
$799
Comparison Rate*

3.17%

Ongoing fee
$10 monthly
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Advertised Rate

3.28%

Variable

Total estimated upfront fees
$799
Comparison Rate*

3.29%

Ongoing fee
$10 monthly
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More details
Advertised Rate

3.74%

Fixed - 4 years

Total estimated upfront fees
$799
Comparison Rate*

3.31%

Ongoing fee
$6 monthly
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Advertised Rate

2.79%

Fixed - 5 years

Total estimated upfront fees
$799
Comparison Rate*

3.33%

Ongoing fee
$6 monthly
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More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$799
Comparison Rate*

3.36%

Ongoing fee
$6 monthly
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More details
Advertised Rate

3.74%

Fixed - 5 years

Total estimated upfront fees
$799
Comparison Rate*

3.37%

Ongoing fee
$6 monthly
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More details
Advertised Rate

2.79%

Fixed - 3 years

Total estimated upfront fees
$799
Comparison Rate*

3.44%

Ongoing fee
$6 monthly
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More details
Advertised Rate

2.79%

Fixed - 1 year

Total estimated upfront fees
$799
Comparison Rate*

3.55%

Ongoing fee
$6 monthly
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More details
Advertised Rate

3.34%

Fixed - 5 years

Total estimated upfront fees
$799
Comparison Rate*

3.55%

Ongoing fee
$6 monthly
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More details
Advertised Rate

2.99%

Fixed - 1 year

Total estimated upfront fees
$799
Comparison Rate*

3.57%

Ongoing fee
$6 monthly
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Advertised Rate

4.71%

Variable

Total estimated upfront fees
$799
Comparison Rate*

4.77%

Ongoing fee
$0
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Advertised Rate

5.01%

Variable

Total estimated upfront fees
$799
Comparison Rate*

4.90%

Ongoing fee
$0
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Advertised Rate

5.28%

Variable

Total estimated upfront fees
$799
Comparison Rate*

5.34%

Ongoing fee
$0
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Advertised Rate

5.58%

Variable

Total estimated upfront fees
$799
Comparison Rate*

5.47%

Ongoing fee
$0
Go to site
More details

IMB Bank 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

How to Apply

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.

Learn more about home loans

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

How can I get ANZ home loan pre-approval?

Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget. 

At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.

An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.

You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

How long does Bankwest take to approve home loans?

Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.  

Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

What is the average length of a home loan?

Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years. 

However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender. 

It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.

How do I apply for Westpac’s first home buyer loan?

If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan. 

You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments

When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for. 

How to apply for a home loan pre-approval from St. George?

By applying for a home loan pre-approval, you can establish how much you can afford to borrow and look for houses within that pre-approved budget. Getting home loan pre-approval from St. George is a fairly simple process that can be completed within 15 minutes. 

The first step in this process is completing a home loan application. Once that application is submitted, a home loan expert from St. George will contact you to understand your requirements and your current financial position. You could also directly contact a home loan expert at the bank by calling 13 33 30 or by visiting your nearest branch. 

Once the application has been processed, the home loan expert will ask for some basic documentation to confirm your borrowing capacity. After this, you should be issued a home loan pre-approval, subject to certain conditions. 

Based on your home loan pre-approval from St. George, you can then find a property and make an offer. Your home loan expert will arrange to have the property valued and may request for more documentation, taking your home loan application to the next step. 

 

 

How long does ANZ take to approve a home loan?

The process of applying for a home loan usually stays the same across all lenders. On the other hand, the time it takes for a lender to approve the home loan differs from lender to lender. When it comes to ANZ, it takes anywhere between 15 to 18 business days to approve a home loan from the day of the application to approval. This timeframe is highly dependent on the credibility and availability of your documentation. You can apply for an ANZ home loan in two ways; a Quick Start home loan application or a full online application.

If you opt for the Quick Start home loan option, you’ll need to fill out a form with basic details. During this stage, you don’t need to add any supporting information. An ANZ representative will then call you within 48 hours. The representative will help take your application forward, including assessing all relevant information, documentation and conducting a credit check.

You can also submit your entire home loan application with ANZ online by filling out a comprehensive form with all the information and documentation needed.

Once ANZ has conducted the preliminary checks, you’ll be informed of the pre-approved amount they’re willing to offer. Based on this amount, you can set a budget for your property search and make sure you stay inside your budget. Pre-approval will last for three months but can be extended by applying with ANZ if you don’t find a property. But it’s best to find a property as soon as possible as ANZ may decide to change the amount if your financial situation changes.

After you find a property and have your offer accepted, ANZ may send an assessor to the property to verify it’s value. If everything is per their terms and conditions, ANZ will finalise your home loan’s approval and release the funds.

Can first home buyers apply for an ING home loan?

First home buyers can apply for an ING home loan, but first, they need to select the most suitable home loan product and calculate the initial deposit on their home loan. 

First-time buyers can also use ING’s online tool to estimate the amount they can borrow. ING offers home loan applicants a free property report to look up property value estimates. 

First home loan applicants struggling to understand the terms used may consider looking up ING’s first home buyer guide. Once the home buyer is ready to apply for the loan, they can complete an online application or call ING at 1800 100 258 during regular business hours.