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Budget Home Loan
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2.98
% p.a
Variable
2.86
% p.a
$1,420
based on $300,000 loan amount for 25 years at 2.98%
On this page
2.98
% p.a
Variable
2.86
% p.a
$1,420
based on $300,000 loan amount for 25 years at 2.98%
Calculate your repayments for this loan
Your estimated repayment
$1,420
based on $300,000 loan amount for 25 years at 2.98%
IMB Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.
Mahesh Perera
Get expert advice from a home loans specialist.
In 1994, Mahesh bought a property at a highly inflated price. Shortly after, he lost most of his superannuation when the company he was working for was declared bankrupt. This misfortune encouraged him to learn as much as he could about good financial management so that he would avoid making the same mistakes again. Mahesh worked has to educate himself and gain valuable qualifications in the finance industry. While doing so, he recognised an opportunity to help other migrants steer clear of the pitfalls that he encountered. After studying to become a qualified Financial Advisor, Mahesh then went on to build his own financial planning firm, working under AXA, AON, and Patron licensees. Since 1996 Mahesh has had the privilege to assist more than 1500 clients to achieve their financial goals using various wealth strategies going to help you immensely. You will be glad you become an Equity Advice client.
CRN: 492305
$1,199
based on $300,000 loan amount for 25 years at 2.09%
Quick home loan review
For Budget Home Loan (Interest Only) (NSW and ACT only) (LVR 80%-90%)
These are the benefits of this home loan.
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
These are the drawbacks of this home loan.
- No offset account
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Home loan overview
For Budget Home Loan (Interest Only) (NSW and ACT only) (LVR 80%-90%)
- Details
- Features
- Fees
- Application method
Details
Maximum LVR 90% | Total Repayments $223,500 |
Interest rate type Variable | |
Borrowing range
$10k
-
$100m
| Suitable for Owner Occupiers |
Loan term range 5 - 30 years | Principal & interest |
Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Features
Extra repayments Unlimited extra repayments | Offset account No |
Redraw facility Redraw fee: $0 | Split interest facility |
Loan portable | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Fees
Total estimated upfront fees $799 | Application fee $449 |
Legal fee $350 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $350 |
Application method
Online | Phone |
Broker | In branch |
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