Budget Home Loan
A low cost home loan option, the Budget Home Loan has a discount off IMB’s standard variable rate for the life of the loan, so you’ll always pay less. No monthly fees, unrestricted additional repayments and free Internet and Mobile Banking redraw
- From (owner occupied)
- 5.99%
- 6.02% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Interest rates are based on criteria that includes purpose (owner occupier or investment), repayment type (principal and interest (P&I) or interest only) and loan to value ratio (LVR). Different interest rates and establishment fees may apply if the purpose, repayment type or LVR is different to the purpose, repayment type or LVR for the interest rate shown. For Owner Occupier loans purpose with Principal and Interest repayments. The comparison rate is based on a $150,000 secured loan for a term of twenty five years for all home loans. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. | 5.99% | 6.02% | <70% LVR |
| Variable Interest rates are based on criteria that includes purpose (owner occupier or investment), repayment type (principal and interest (P&I) or interest only) and loan to value ratio (LVR). Different interest rates and establishment fees may apply if the purpose, repayment type or LVR is different to the purpose, repayment type or LVR for the interest rate shown. For Owner Occupier loans purpose with Principal and Interest repayments.The comparison rate is based on a $150,000 secured loan for a term of twenty five years for all home loans. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. | 6.04% | 6.07% | 0.71–0.8% |
| Variable |
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan Application Fee Application fee includes one valuation. Valuation costs over & above single/primary security are to be covered by the borrower. Other fees and charges may apply. | Upfront | $449.00 |
| Mortgage Processing Fee | Upfront | $350.00 |
| Additional Valuation Fee If the loan is to be against more than one security, additional valuation costs will be collected at settlement. | Upfront | $0.00 |
| Redraw Fee (free via internet and mobile banking) Redraws are FREE via internet banking, otherwise a fee applies | Event | $50.00 |
| Split Loan Fee Payable to IMB if a loan is split into more than one account. | Upfront | $100.00 |
| PEXA Transaction Service Fee Payable to the Property Exchange Australia for electronic lodgement of any transaction on title after settlement, including lodgement or discharge of mortgage or caveat. | Event | $0.00 |
Features
- Digital banking
- Internet Banking and Mobile Banking App.
- Notifications — IMB Alerts
- IMB Alerts keep you up to date by sending you SMS or email alerts regarding your banking. Account Alerts help you keep track of your finances and Internet Banking Security Alerts to help keep you safe online. You can register for Alerts in Internet Banking.
- Direct Credit is available on this account type. — Direct Credit
- Receive Electronic Funds Transfers (EFT) to this account type. — Receive Electronic Funds Transfers
- IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. — Branch
- IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm — Phone Banking Operator Assisted
Eligibility
- Minimum age — 18 years
- Individuals only — NULL
- Residency status — Borrowers must be Australian Citizens or permanent residents.
- Lending Criteria apply — Assessment
- For new funds only. Not available as a switch or re-finance from another IMB home loan — Purpose of funds
Constraints
- Minimum limit — $10,000.00
- Minimum LVR — 0%
- Maximum LVR — 95%
- Maximum LVR — 90%Applies to Owner Occupied Interest Only loans
More Information
Published by IMB Bank under the Consumer Data Right · Last updated 8 July 2026 · Product ID RM-1-1 · View on CDR.gov.au