IMB Bank
Budget Home Loan
IMB Bank · residential mortgages
Provider last updated this product 2026-09-22.
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You'll complete your application on
IMB Bank's website. Confirm the rate and fees with them
before applying.
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
As published by the lender
- Headline rates - from 5.99% to 7.39%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 6.29% | 6.35% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR 81% - 90% | calculated daily, paid monthly |
| 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. | |||||||
| VARIABLE | 6.64% | 6.70% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR 91% - 95% | calculated daily, paid monthly |
| 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. | |||||||
| VARIABLE | 6.04% | 6.07% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR 71% - 80% | calculated daily, paid monthly |
| 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. | |||||||
| VARIABLE | 5.99% | 6.02% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR 1% - 70% | calculated daily, paid monthly |
| 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. | |||||||
| VARIABLE | 6.29% | 6.18% | OWNER OCCUPIED | INTEREST ONLY | - | LVR 1% - 70% | calculated daily, paid monthly |
| 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 loan purpose with Interest Only 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. | |||||||
| VARIABLE | 6.34% | 6.23% | OWNER OCCUPIED | INTEREST ONLY | - | LVR 71% - 80% | calculated daily, paid monthly |
| 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.\r\nFor Owner Occupier loan purpose with Interest Only 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. | |||||||
| VARIABLE | 6.59% | 6.49% | OWNER OCCUPIED | INTEREST ONLY | - | LVR 81% - 90% | calculated daily, paid monthly |
| 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.\r\nFor Owner Occupier loan purpose with Interest Only 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. | |||||||
| VARIABLE | 6.34% | 6.40% | INVESTMENT | PRINCIPAL AND INTEREST | - | LVR 81% - 90% | calculated daily, paid monthly |
| 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.\r\nFor Investment loan 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. | |||||||
| VARIABLE | 7.09% | 7.15% | INVESTMENT | PRINCIPAL AND INTEREST | - | LVR 91% - 95% | calculated daily, paid monthly |
| 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.\r\nFor Investment loan 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. | |||||||
| VARIABLE | 6.24% | 6.30% | INVESTMENT | PRINCIPAL AND INTEREST | - | LVR 1% - 80% | calculated daily, paid monthly |
| 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.\r\nFor Investment loan 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. | |||||||
| VARIABLE | 6.54% | 6.44% | INVESTMENT | INTEREST ONLY | - | LVR 1% - 80% | calculated daily, paid monthly |
| 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.\r\nFor Investment loan purpose with Interest Only 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. | |||||||
| VARIABLE | 7.39% | 7.29% | INVESTMENT | INTEREST ONLY | - | LVR 91% - 95% | calculated daily, paid monthly |
| 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.\r\nFor Investment loan purpose with Interest Only 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. | |||||||
| VARIABLE | 6.64% | 6.54% | INVESTMENT | INTEREST ONLY | - | LVR 81% - 90% | calculated daily, paid monthly |
| 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.\r\nFor Investment loan purpose with Interest Only 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. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Loan Application Fee | UPFRONT | $449 | 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. |
| Mortgage Processing Fee | UPFRONT | $350 | - |
| Additional Valuation Fee | UPFRONT | $0 | If the loan is to be against more than one security, additional valuation costs will be collected at settlement. |
| Redraw Fee (free via internet and mobile banking) | EVENT | $50 | Redraws are FREE via internet banking, otherwise a fee applies |
| Split Loan Fee | UPFRONT | $100 | Payable to IMB if a loan is split into more than one account. |
| PEXA Transaction Service Fee | EVENT | $0 | Payable to the Property Exchange Australia for electronic lodgement of any transaction on title after settlement, including lodgement or discharge of mortgage or caveat. |
| Additional Mortgage Processing Fee | UPFRONT | $150 | Payable for each additional new security property and added to the Mortgage Processing Fee. |
| Amendment Fee | EVENT | $150 | Payable when contract documentation is re-issued due to a change requested by a borrower. |
| Guarantor Fee | UPFRONT | $100 | Payable for the preparation and processing of guarantee documentation when a loan includes a guarantor/s. |
| Construction Loan Fee | UPFRONT_PER_PLAN | $300 | Payable for the processing of progress payment requests on a construction loan, including any valuer progress inspection reports we may require. |
| Additional Loan Application Fee/Top-up Fee | UPFRONT | $449 | Payable for an application for an additional loan with no new security. |
| Consent Fee | EVENT | $300 | Payable each time we are asked to consent to a request that affects the security property (e.g. a subsequent mortgage, lease, subdivision or transfer). |
| Default Fee | EVENT | $50 | Payable when a loan is in default because amounts due have not been paid on time. |
| Discharge Fee | EXIT | $350 | Payable each time we release and discharge a security property. |
| Partial Discharge Processing Fee | EVENT | $300 | Payable when we are asked to release a security property from a loan which has more than one security property. This fee covers the processing of this request and is payable in addition to the Discharge Fee and any other fees and charges that may apply. |
| Portable Loan Fee | EVENT | $600 | Payable when we are asked to replace an existing security property with a new security property. |
| Switching Fee | VARIATION | $300 | Payable when we process a request to change to an interest rate type, product type or repayment type, including extending an interest only period and at the end of a fixed rate term. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 5.99% | 6.02% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Direct Credit is available on this account type.
- Receive Electronic Funds Transfers (EFT) to this account type.
- IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.
- IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm
- Receive only
- Split loan available.
- IMB's Phone Banking Service gives you 24 hour access to your accounts from any touchphone.
Who can apply
- min age - 18
- natural person - NULL
- residency status - Borrowers must be Australian Citizens or permanent residents.
- other - AssessmentLending Criteria apply
- other - Purpose of fundsFor new funds only. Not available as a switch or re-finance from another IMB home loan
Limits
- min limit - 10000
- min lvr - 0
- max lvr - 0.95
- max lvr - 0.9Applies to Owner Occupied Interest Only loans
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-22T00:00:00+10:00 · Product ID: RM-1-1