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IMB Bank

Budget Home Loan

Advertised Rate

2.68

% p.a

Variable

Comparison Rate*

2.74

% p.a

Maximum LVR
95%
Real Time Rating™

2.49

/ 5
Monthly Repayment

$1,373

based on $300,000 loan amount for 25 years at 2.68%

Advertised Rate

2.68

% p.a

Variable

Comparison Rate*

2.74

% p.a

Maximum LVR
95%
Real Time Rating™

2.49

/ 5
Monthly Repayment

$1,373

based on $300,000 loan amount for 25 years at 2.68%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,373

based on $300,000 loan amount for 25 years at 2.68%

IMB Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Mahesh Perera

5.0
23 Reviews

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.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

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Quick home loan review

For Budget Home Loan

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • 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 upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Budget Home Loan

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

5 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

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

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$350

Application method

Online

Phone

In branch

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

IMB Bank allows you to have this loan for a range of 5 to 30 years.

How often can you make repayments?

IMB Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $799 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

IMB Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this IMB Bank loan is available through a broker. Find a broker to help you with your needs.