IMB Bank
Essentials Home Loan
The IMB Essentials Home Loan allows you to save on your home loan without compromising on features. $0 IMB Establishment Fee, 100% Offset account and Life of Loan Discounted Rate.
Home loansBank updated 22 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.09% · 6.20% comparison
- Variable (investor P&I)
- 6.29%
- Max LVR
- 90%
- Annual fee
- $120
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 13
| 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 | — | 1–80% LVR | 6.59% | 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 | — | 81–90% LVR | 6.69% | 6.69% | — |
| 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 | — | 91–95% LVR | 7.54% | 7.55% | — |
| 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 | — | 1–80% LVR | 6.29% | 6.46% | — |
| 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 | — | 81–90% LVR | 6.39% | 6.56% | — |
| 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 | — | 91–95% LVR | 7.24% | 7.41% | — |
| 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 | 6.39% | 6.34% | — |
| 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 | — | 71–80% LVR | 6.44% | 6.39% | — |
| 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 | — | 81–90% LVR | 6.59% | 6.54% | — |
| 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… | Owner occupied · P&I | — | 1–70% LVR | 6.09% | 6.20% | — |
| 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 | — | 71–80% LVR | 6.14% | 6.25% | — |
| 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 | — | 81–90% LVR | 6.29% | 6.40% | — |
| 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 · P&I | — | 91–95% LVR | 6.64% | 6.75% | — |
§ 02 — Fees · 17
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Amendment Fee | Event | $150 | — | Payable when contract documentation is re-issued due to a change requested by a borrower. |
| 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. |
| 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 Discha… |
| PEXA Transaction Service Fee | Event | No 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. |
| Portable Loan Fee | Event | $600 | — | Payable when we are asked to replace an existing security property with a new security property. |
| Redraw Fee (free via internet and mobile banking) | Event | $50 | — | Redraws are FREE via internet banking, otherwise a fee applies |
| Discharge Fee | Exit | $350 | — | Payable each time we release and discharge a security property. |
| Monthly Fee | Periodic | $10 | Every 1 mo | — |
| Additional Loan Application Fee/Top-up Fee | Upfront | $449 | — | Payable for an application for an additional loan with no new security. |
| Additional Mortgage Processing Fee | Upfront | $150 | — | Payable for each additional new security property and added to the Mortgage Processing Fee. |
| Additional Valuation Fee | Upfront | No fee | — | If the loan is to be against more than one security, additional valuation costs will be collected at settlement. |
| Guarantor Fee | Upfront | $100 | — | Payable for the preparation and processing of guarantee documentation when a loan includes a guarantor/s. |
| Loan Application Fee | Upfront | $449 | — | Application fee is Nil for Owner Occupier IMB Essentials Home Loans. Offer available for a limited time only. Full fees apply to Investment Essentials loans. Application fee includes one valuation. V… |
| Mortgage Processing Fee | Upfront | $350 | — | Mortgage Processing Fee is Nil for Owner Occupier IMB Essentials Home Loans. Offer available for a limited time only. Full fees apply to Investment Essentials loans. |
| Split Loan Fee | Upfront | $100 | — | Payable to IMB if a loan is split into more than one account. |
| 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. |
§ 03 — Features
Offset accountRedrawExtra repaymentsGuarantor optionDigital bankingFraud protection
- · 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.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Borrowers must be Australian Citizens or permanent residents.
- · Available to individuals
- · Amount $10,000 to no maximum
- · Maximum LVR 90%
- · For new funds only. Not available as a switch or re-finance from another IMB home loan
- · Lending Criteria apply
§ 06 — Run the numbers
Put this product through a calculator
Published by IMB Bank under the Consumer Data Right, last changed by them on 22 Sept 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.