IMB BankBudget 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
At a glance
- Variable (owner occ. P&I)
- 6.19%6.22% comparison
- Variable (investor P&I)
- 6.39%
- Max LVR
- 95%
- Features
- redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.29% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 32nd lowest of 104, level with 5 others |
| Investor variable home loanInvestment, principal & interest, 80% LVR | 6.44% | 5.94%AAA Financial Corporation's Portfolio Loan | 6.59%of 104 institutions | 17th lowest of 104, level with 7 others |
Rates
Every rate IMB Bank publishes for this home loan, 15 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- 1–70%6.19%
- 70–80%6.29%
- 80–90%6.54%
- 90–95%6.89%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest 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 inte… | Investment, Interest only | - | 1–70% LVR | 6.69% | 6.59% | - |
| VariableInterest 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 inte… | Investment, Interest only | - | 70–80% LVR | 6.74% | 6.64% | - |
| VariableInterest 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 inte… | Investment, Interest only | - | 80–90% LVR | 6.89% | 6.79% | - |
| VariableInterest 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 inte… | Investment, Interest only | - | 90–95% LVR | 7.64% | 7.54% | - |
| VariableInterest 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 inte… | Investment, P&I | - | 1–70% LVR | 6.39% | 6.45% | - |
| VariableInterest 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 inte… | Investment, P&I | - | 70–80% LVR | 6.44% | 6.50% | - |
| VariableInterest 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 inte… | Investment, P&I | - | 80–90% LVR | 6.59% | 6.65% | - |
| VariableInterest 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 inte… | Investment, P&I | - | 90–95% LVR | 7.34% | 7.40% | - |
| VariableInterest 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 inte… | Owner occupied, Interest only | - | 1–70% LVR | 6.49% | 6.38% | - |
| VariableInterest 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 inte… | Owner occupied, Interest only | - | 70–80% LVR | 6.59% | 6.49% | - |
| VariableInterest 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 inte… | Owner occupied, Interest only | - | 80–90% LVR | 6.84% | 6.74% | - |
| VariableInterest 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 inte… | Owner occupied, P&I | - | 1–70% LVR | 6.19% | 6.22% | - |
| VariableInterest 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 inte… | Owner occupied, P&I | - | 70–80% LVR | 6.29% | 6.32% | - |
| VariableInterest 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 inte… | Owner occupied, P&I | - | 80–90% LVR | 6.54% | 6.60% | - |
| VariableInterest 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 inte… | Owner occupied, P&I | - | 90–95% LVR | 6.89% | 6.95% | - |
Rate changes
15 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 23 Oct 2026 | Variable, Owner occupied, Interest only, 1–70% LVR | 6.54% | 6.49% | down 0.05 |
| 23 Oct 2026 | Variable, Owner occupied, P&I, 1–70% LVR | 6.24% | 6.19% | down 0.05 |
| 9 Oct 2026 | Variable, Investment, Interest only, 1–80% LVR | 6.54% | 6.79% | up 0.25 |
| 9 Oct 2026 | Variable, Investment, Interest only, 80–90% LVR | 6.64% | 6.89% | up 0.25 |
| 9 Oct 2026 | Variable, Investment, Interest only, 90–95% LVR | 7.39% | 7.64% | up 0.25 |
| 9 Oct 2026 | Variable, Investment, P&I, 1–80% LVR | 6.24% | 6.49% | up 0.25 |
| 9 Oct 2026 | Variable, Investment, P&I, 80–90% LVR | 6.34% | 6.59% | up 0.25 |
| 9 Oct 2026 | Variable, Investment, P&I, 90–95% LVR | 7.09% | 7.34% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 1–70% LVR | 6.29% | 6.54% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 70–80% LVR | 6.34% | 6.59% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 80–90% LVR | 6.59% | 6.84% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 1–70% LVR | 5.99% | 6.24% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 70–80% LVR | 6.04% | 6.29% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 80–90% LVR | 6.29% | 6.54% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 90–95% LVR | 6.64% | 6.89% | up 0.25 |
Each change is logged the night it appears in the rates IMB Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
17 fees published, grouped by when they're charged.
- When you take it outUp to $4498 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it off$350Discharge Fee
When you take it out8
- Construction Loan Fee
Payable for the processing of progress payment requests on a construction loan, including any valuer progress inspection reports we may require.
$300 - Additional Loan Application Fee/Top-up Fee
Payable for an application for an additional loan with no new security.
$449 - Additional Mortgage Processing Fee
Payable for each additional new security property and added to the Mortgage Processing Fee.
$150 - Additional Valuation Fee
If the loan is to be against more than one security, additional valuation costs will be collected at settlement.
No fee - Guarantor Fee
Payable for the preparation and processing of guarantee documentation when a loan includes a guarantor/s.
$100 - 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.
$449 - Mortgage Processing Fee$350
- Split Loan Fee
Payable to IMB if a loan is split into more than one account.
$100
When particular things happen8
- Amendment Fee
Payable when contract documentation is re-issued due to a change requested by a borrower.
$150 - Consent Fee
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).
$300 - Default Fee
Payable when a loan is in default because amounts due have not been paid on time.
$50 - Partial Discharge Processing Fee
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 Discha…
$300 - 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.
No fee - Portable Loan Fee
Payable when we are asked to replace an existing security property with a new security property.
$600 - Redraw Fee (free via internet and mobile banking)
Redraws are FREE via internet banking, otherwise a fee applies
$50 - Switching Fee
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.
$300
When you close it or pay it off1
- Discharge Fee
Payable each time we release and discharge a security property.
$350
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.
Eligibility and limits
- Minimum age 18
- Residency: Borrowers must be Australian Citizens or permanent residents.
- Available to individuals
- Amount from $10,000, no maximum
- Maximum LVR 95%
- Lending Criteria apply
- For new funds only. Not available as a switch or re-finance from another IMB home loan
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Published by IMB Bank under the Consumer Data Right, last changed by them on 23 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.