IMB home loan rates for an owner-occupier principal-and-interest loan at 80% LVR are 6.04% p.a. (6.07% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 12 September 2026. IMB home loans are the owner-occupier and investor products on this page. The Budget Home Loan is the no-offset, no-monthly-fee variable product. compare all lenders on the wider market table. This is general information, not a recommendation to borrow.
IMB home loan rates, verified 80% LVR owner-occupier principal and interest snapshot dated 12 September 2026. Rates shown per annum; the comparison rate counts most fees on the $150,000 / 25-year example.
Product
Type
Rate p.a.
Comparison rate*
LVR
Budget Home Loan
Variable
6.04%
6.07%
80%
Essentials Home Loan
Variable
6.04%
6.15%
80%
1 year Fixed Rate Home Loan
1-year fixed
6.24%
6.31%
80%
2 year Fixed Rate Home Loan
2-year fixed
6.24%
6.31%
80%
3 year Fixed Rate Home Loan
3-year fixed
6.24%
6.32%
80%
5 year Fixed Rate Home Loan
5-year fixed
6.39%
6.39%
80%
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Tracked products
33
Lowest variable
6.04%
Lowest fixed
6.24%
Lowest comparison
6.07%
Last updated
11 Sept 2026
IMB Bank is a customer-owned mutual bank established in 1880 in Wollongong, one of Australia's oldest. Member-owned rather than shareholder-owned, it returns profits through pricing rather than dividends, running around 50 branches across NSW, the ACT and Melbourne. Its Budget and Essentials Home Loans are consistently competitive against the big four in our index, and IMB participates in the Australian Government 5% Deposit Scheme for eligible first home buyers.
What are IMB Bank home loan rates?
IMB Bank home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 6.04% p.a. and the lowest fixed rate currently 6.24% p.a., checked daily (last verified 11 Sept 2026). Compare IMB Bank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest IMB Bank home loan rate?
The lowest IMB Bank variable home loan rate Ratesniffers tracks is 6.04% p.a., and the lowest fixed rate is 6.24% p.a. These figures come from the 26 IMB Bank products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 11 Sept 2026).
How many home loan products does IMB Bank offer?
Ratesniffers currently tracks 33 IMB Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 26 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
The figures on this page cover IMB home loans. To compare home loan rates Australia, open the wider market table ranked by comparison rate.
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
IMB Bank home loan repayment calculator
Pre-filled with IMB Bank's lowest advertised variable rate in the table above, 6.04% p.a. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates and exclude fees, so the comparison rate in the table is the better guide to total cost.
IMB Bank is one of Australia's oldest customer-owned banks. It was established in 1880 in Wollongong as the Illawarra Mutual Building Society and formally became a mutual bank in 2015. Because it is owned by its members rather than shareholders, profits are returned through pricing and service rather than dividends.
IMB runs a branch network of around 50 locations across New South Wales, the ACT and Melbourne, having entered Sydney in 1989, Melbourne in 2006 and the Newcastle and Hunter region in 2020 through its merger with Hunter United. It holds more than $8.5 billion in assets and is regulated by APRA like every Australian bank.
Who suits a IMB Bank home loan?
IMB tends to suit borrowers who want mutual-bank pricing with a real branch network, particularly across the Illawarra, Sydney, Canberra, the Hunter and Melbourne, and first home buyers who want to use the Australian Government 5% Deposit Scheme with a customer-owned lender. Its variable rates regularly sit below the big-four average in our index, so it is worth shortlisting if you value customer-owned banking without giving up sharp pricing.
IMB Bank's lowest variable rate today is 6.04% p.a., against a 6.67%p.a. average across the big four banks' own lowest variable rates. On a $600,000 loan, that gap is worth roughly $3,780 a year in interest.
Another New South Wales customer-owned lender on the panel is Hume Bank, the Albury-Wodonga border region's own mutual, worth comparing alongside IMB above.
Background facts checked 5 September 2026. Rates above refresh independently.
IMB Bank home loan products explained
The line-up as published by IMB Bank, checked 5 September 2026. Today's rate for each product is in the table above.
Product
Who it is for
What to know
Budget Home Loan
Owner-occupiers who want a low-cost variable loan and do not need an offset account.
Variable rate, no monthly loan administration fee, unrestricted extra repayments, free redraw through internet and mobile banking with a $500 minimum.
Essentials Home Loan
Owner-occupiers who want a 100% offset account linked to a variable loan.
Variable rate with a linked offset account, unrestricted extra repayments, free online redraw, $10 a month loan administration fee.
Fixed Rate Home Loan
Owner-occupiers who want repayment certainty for one to five years.
Fixed terms from one to five years, free online redraw, up to 12 months of repayments can be paid in advance without penalty, $6 a month loan administration fee.
Investment Budget, Investment Essentials and Investment Fixed Rate Home Loans
Property investors.
The same three structures for investment lending: a no-offset variable loan, a variable loan with a 100% offset account, and fixed terms of one, two, three or five years.
IMB Bank home loan fees and policy
IMB's fee guide effective 10 December 2025 lists a $449 application fee and a $350 mortgage processing fee on new home loans, and notes that product-based fee waivers apply from time to time.
Monthly loan administration fees are $10 on the Essentials Home Loan, $6 on the Fixed Rate Home Loan and nil on the Budget Home Loan.
A $350 discharge fee applies each time IMB releases a security property, and break costs can apply if a fixed rate loan is repaid or switched before the end of its term.
IMB is a participating lender in the Australian Government 5% Deposit Scheme: eligible first home buyers can apply with a 5% deposit and eligible single parents or legal guardians with 2%, supported by a government guarantee.
IMB Ltd trades as IMB Bank under Australian Credit Licence 237 391 and has operated since 1880.
IMB home loan rates for an owner-occupier principal-and-interest loan at 80% LVR are 6.04% p.a. (6.07% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 12 September 2026. Compare all lenders at /home-loans. This is general information, not a recommendation to borrow.
What are IMB home loans?
IMB home loan rates for an owner-occupier principal-and-interest loan at 80% LVR are 6.04% p.a. (6.07% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 12 September 2026. IMB home loans are the owner-occupier and investor products in the live table on this page. The Budget Home Loan is the no-offset, no-monthly-fee variable product. Compare all lenders at /home-loans.
What is the IMB Budget Home Loan?
The IMB Budget Home Loan is IMB's no-offset variable loan for owner-occupiers. It has no monthly administration fee, unrestricted extra repayments, and free online redraw with a $500 minimum. In the 80% LVR owner-occupier principal-and-interest slot the live table shows 6.04% p.a. (6.07% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 12 September 2026. Compare the comparison rate, not only the headline rate, at /home-loans.
What are IMB Bank home loan rates?
IMB Bank home loan rates are in the live table on this page. The lowest variable rate Ratesniffers ranks is currently 6.04% p.a., and the lowest fixed rate is 6.24% p.a., checked daily (last verified 11 Sept 2026). Compare IMB Bank against the wider market at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments on a IMB Bank balance, use /calculators/extra-repayment.
What is the lowest IMB Bank home loan rate?
IMB Bank's lowest variable home loan rate is currently 6.04% p.a., and its lowest fixed rate is 6.24% p.a., based on the 26 IMB Bank products Ratesniffers ranks by comparison rate, checked daily (last verified 11 Sept 2026). The advertised rate isn't always the rate IMB Bank approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 IMB Bank home loan?
At IMB Bank's lowest variable rate of 6.04% p.a., a $600,000 principal and interest loan over 30 years repays about $3,613 a month, and $500,000 about $3,011. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 IMB Bank home loan?
There is no single salary. Like every Australian lender, IMB Bank must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 6.04% p.a. is assessed at about 9.04% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does IMB Bank's home loan rate compare to the market?
IMB Bank's lowest variable home loan rate today is 6.04% p.a., which is 20 basis points below the market median of 6.24% p.a., which puts IMB Bank among the more competitive lenders on variable rates today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where IMB Bank sits right now rather than a fixed snapshot.
How does IMB Bank's home loan rate compare to the big four banks?
IMB Bank's lowest variable home loan rate today is 6.04% p.a., against a 6.67% p.a. average across the big four banks' own lowest variable rates. On a $600,000 loan, that gap is worth roughly $3,780 a year in interest, computed daily from the live rates Ratesniffers tracks across every lender.
How many home loan products does IMB Bank offer?
Ratesniffers currently tracks 33 IMB Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 26 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is IMB Bank competitive for refinancing?
It depends on your loan size and LVR. IMB Bank's lowest comparison rate is currently 6.07% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing IMB Bank against the sharpest available rate usually pays off.
How often are IMB Bank's home loan rates updated?
Ratesniffers refreshes IMB Bank's home loan rates daily; this page was last updated 11 Sept 2026. Rates can change whenever IMB Bank reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
Does IMB Bank do construction loans?
Yes. IMB offers home construction loans. Unconditional approval needs a fixed price tender or building contract from a licensed builder, valid for at least 60 days, plus evidence of your own funds if not borrowing the full amount. Progress payments go to the builder after an independent valuer inspects each stage, which IMB says averages around 5 business days.
Does IMB Bank offer bridging finance?
Yes. IMB's Bridging Loan funds a new purchase before your existing home sells, with a bridging term of up to 6 months. Repayments are not required during that period; interest is capitalised onto the loan. Amounts range from $20,000 to $2,500,000, combined LVR is capped at 75%, and it is available only to personal borrowers on IMB's Standard Variable Loan.
What are IMB's home loan rates in September 2026?
IMB's current home loan rates are in the live table above, ranked by comparison rate and refreshed from IMB's published pricing. Ratesniffers does not freeze a number into this answer because IMB reprices its Budget, Essentials and Fixed Rate loans independently. Compare the comparison rate, not only the headline rate, because it includes IMB's monthly and upfront fees.
Does IMB Bank offer a home loan with an offset account?
Yes. IMB's Essentials Home Loan pairs a variable rate with a 100% offset account for owner-occupiers, and the Investment Essentials Home Loan does the same for investors. The Budget Home Loan has no offset but no monthly fee, and fixed rate loans offer redraw rather than offset. IMB's fee guide lists a $10 monthly loan administration fee on Essentials.
What fees does IMB charge on a home loan?
IMB's fee guide, effective 10 December 2025, lists a $449 application fee, a $350 mortgage processing fee and a $350 discharge fee. Monthly fees are nil on the Budget Home Loan, $6 on the Fixed Rate Home Loan and $10 on Essentials. IMB notes that product-based fee waivers apply from time to time, so check the current offer before applying.
Can first home buyers get an IMB home loan with a 5% deposit?
Yes. IMB is a participating lender in the Australian Government 5% Deposit Scheme, so eligible first home buyers can apply with a 5% deposit and eligible single parents or legal guardians with 2%, with the government guarantee standing in for the larger deposit lenders normally require. Price caps and eligibility rules apply, so confirm them with IMB before you commit.
Is IMB a good lender for a home loan?
IMB is a customer-owned bank operating since 1880, so profits are returned to members through pricing and service rather than shareholder dividends. Its home loan range is simple: Budget, Essentials and Fixed Rate, for owner-occupiers and investors. Whether it is the right lender for you comes down to how its comparison rate compares with the wider market in the table above.
