Read on to learn more about IMB’s key home loans and features.
The table below contains some of the lowest interest rates offered among IMB’s current home loans.
Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:
Summary:
Established in 1880 as Illawarra Mutual Building Society, IMB is one of the largest customers owned banks in Australia and offers a full range of banking services including home loans, personal loans, bank accounts (savings accounts & term deposits) insurance and more. IMB is a member of the Customer Owned Banking Association (COBA) and has over 200,000 members in Australia. It also has a growing branch network throughout Illawarra, Sydney, the NSW South Coast, the ACT and Melbourne.
Whether you're a first home buyer, a refinancer or a property investor, IMB has a wide range of home loan products to suit a variety of borrowers' needs.
IMB offers home loans to owner-occupiers and investors, and across both loan types offers the following home loan products:
IMB also offers other types of loans, such as construction loans for building a home and line of credit loans for things like renovations.
Accompanying IMB’s key home loan products are the following features:
Not all products will have all of these features. Be sure to consult your broker or home loan specialist from IMB for more details. Check the Ts and Cs for more info on a loan’s fees, charges, interest rates and features
To be eligible to apply for a home loan with IMB, you generally need to:
You can apply for an IMB home loan online at www.imb.com.au or by phone on 133 462.
To ensure a straightforward application with IMB, you should have the following documents handy:
The time it takes for an application to be processed can vary, as IMB will need to verify your identity, assess your application in terms of your finances and transfer security of the property. This can be a lengthy process sometimes, often taking several weeks, but an IMB lending specialist should be able to tell you more.
Pre-approval generally takes less time than an unconditional approval. In most cases, you could receive a pre-approval within one business day of completing your application.
IMB can verify your identity electronically or over the phone, using the personal details you provided during your application.
Regardless of lenders, your home loan application can be unsuccessful if you don't meet the eligibility criteria or haven't supplied all the documentation required for the process to move forward.
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