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
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 6.69% | 6.59% | Variable · investment · interest only · LVR 1%–70% | CDR | 1 Nov 2026 | |
| 6.74% | 6.64% | Variable · investment · interest only · LVR 70%–80% | CDR | 1 Nov 2026 | |
| 6.89% | 6.79% | Variable · investment · interest only · LVR 80%–90% | CDR | 1 Nov 2026 | |
| 7.64% | 7.54% | Variable · investment · interest only · LVR 90%–95% | CDR | 1 Nov 2026 | |
| 6.39% | 6.45% | Variable · investment · principal and interest · LVR 1%–70% | CDR | 1 Nov 2026 | |
| 6.44% | 6.50% | Variable · investment · principal and interest · LVR 70%–80% | CDR | 1 Nov 2026 | |
| 6.59% | 6.65% | Variable · investment · principal and interest · LVR 80%–90% | CDR | 1 Nov 2026 | |
| 7.34% | 7.40% | Variable · investment · principal and interest · LVR 90%–95% | CDR | 1 Nov 2026 | |
| 6.49% | 6.38% | Variable · owner occupied · interest only · LVR 1%–70% | CDR | 1 Nov 2026 | |
| 6.59% | 6.49% | Variable · owner occupied · interest only · LVR 70%–80% | CDR | 1 Nov 2026 | |
| 6.84% | 6.74% | Variable · owner occupied · interest only · LVR 80%–90% | CDR | 1 Nov 2026 | |
| 6.19% | 6.22% | Variable · owner occupied · principal and interest · LVR 1%–70% | CDR | 1 Nov 2026 | |
| 6.29% | 6.32% | Variable · owner occupied · principal and interest · LVR 70%–80% | CDR | 1 Nov 2026 | |
| 6.54% | 6.60% | Variable · owner occupied · principal and interest · LVR 80%–90% | CDR | 1 Nov 2026 | |
| 6.89% | 6.95% | Variable · owner occupied · principal and interest · LVR 90%–95% | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. 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 and charges are payable.
Report an error
Anyone can report a value that looks wrong. The row is marked as disputed and keeps its value; when the lender's Consumer Data Right data next changes we check it and remove the mark.
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://openbank.openbanking.imb.com.au/cds-au/v1/banking/products/RM-1-1- Content hash
sha256 5cddc144fda5d407d283e58a1ea558050abba1c3111fe4c40c0f9b6f19d7e8d1- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_5cddc144fda5d407_3d98f509Show details
- Checked
- 1 Nov 2026
- URL
https://openbank.openbanking.imb.com.au/cds-au/v1/banking/products/RM-1-1- Content hash
sha256 5cddc144fda5d407d283e58a1ea558050abba1c3111fe4c40c0f9b6f19d7e8d1- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan Application Fee | Upfront | $449.00 |
| Mortgage Processing Fee | Upfront | $350.00 |
| Additional Valuation Fee | Upfront | $0.00 |
| Redraw Fee (free via internet and mobile banking) | Event | $50.00 |
| Split Loan Fee | Upfront | $100.00 |
| PEXA Transaction Service Fee | Event | $0.00 |
| Additional Mortgage Processing Fee | Upfront | $150.00 |
| Amendment Fee | Event | $150.00 |
| Guarantor Fee | Upfront | $100.00 |
| Construction Loan Fee | Upfront per plan | $300.00 |
| Additional Loan Application Fee/Top-up Fee | Upfront | $449.00 |
| Consent Fee | Event | $300.00 |
| Default Fee | Event | $50.00 |
| Discharge Fee | Exit | $350.00 |
| Partial Discharge Processing Fee | Event | $300.00 |
| Portable Loan Fee | Event | $600.00 |
| Switching Fee | Variation | $300.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Digital banking | Internet Banking and Mobile Banking App. | |
| Notifications | IMB Alerts | IMB Alerts keep you up to date by sending you SMS or email alerts regarding your banking. Account Alerts help you keep track of your finances and Internet Banking Security Alerts to help keep you safe online. You can register for Alerts in Internet Banking. |
| Other | Direct Credit | Direct Credit is available on this account type. |
| Other | Receive Electronic Funds Transfers | Receive Electronic Funds Transfers (EFT) to this account type. |
| Other | Branch | IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. |
| Other | Phone Banking Operator Assisted | IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm |
| Other | Scheduled Payments | Receive only |
| Other | Split loan | Split loan available. |
| Redraw | Free redraw via internet and mobile banking | |
| Extra repayments | Unrestricted additional repayments | |
| Guarantor | ||
| Cashback offer | 2000 | $2,000 cashback for new purchase or refinance home loans. Loans from $250,000 to $499,999. Max LVR 80%. Entitlement to cashback is conditional on the loan being active for at least 12 months. 50% of the cashback is repayable if the loan is discharged within 12 months of the settlement date. Excludes: refinance of IMB loans, commercial, construction and bridging loans. Lending and eligibility criteria, T&Cs apply. |
| Cashback offer | 3000 | $3,000 cashback for new purchase or refinance home loans. Loans from $250,000 to $499,999. Max LVR 80%. Entitlement to cashback is conditional on the loan being active for at least 12 months. 50% of the cashback is repayable if the loan is discharged within 12 months of the settlement date. Excludes: refinance of IMB loans, commercial, construction and bridging loans. Lending and eligibility criteria, T&Cs apply. |
| Cashback offer | 4000 | $4,000 cashback for new purchase or refinance home loans. Min loan size $750,000. Max LVR 80%. Entitlement to cashback is conditional on the loan being active for at least 12 months. 50% of the cashback is repayable if the loan is discharged within 12 months of the settlement date. Excludes: refinance of IMB loans, commercial, construction and bridging loans. Lending and eligibility criteria, T&Cs apply. |
| Fraud protection | ||
| Other | Telephone Banking | IMB's Phone Banking Service gives you 24 hour access to your accounts from any touchphone. |
| Eligibility: min age | 18 | |
| Eligibility: natural person | NULL | |
| Eligibility: residency status | Borrowers must be Australian Citizens or permanent residents. | |
| Eligibility: other | Assessment | Lending Criteria apply |
| Eligibility: other | Purpose of funds | For new funds only. Not available as a switch or re-finance from another IMB home loan |
| Limit: min limit | 10000 | |
| Limit: min lvr | 0 | |
| Limit: max lvr | 0.95 | |
| Limit: max lvr | 0.9 |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · investment · interest only · LVR 70%–80% | 1 Nov 2026 | Current | 6.74% | 6.64% |
| Variable · owner occupied · principal and interest · LVR 1%–70% | 1 Nov 2026 | Current | 6.19% | 6.22% |
| Variable · investment · principal and interest · LVR 1%–70% | 1 Nov 2026 | Current | 6.39% | 6.45% |
| Variable · investment · principal and interest · LVR 70%–80% | 1 Nov 2026 | Current | 6.44% | 6.50% |
| Variable · investment · interest only · LVR 80%–90% | 1 Nov 2026 | Current | 6.89% | 6.79% |
| Variable · investment · principal and interest · LVR 80%–90% | 1 Nov 2026 | Current | 6.59% | 6.65% |
| Variable · investment · interest only · LVR 90%–95% | 1 Nov 2026 | Current | 7.64% | 7.54% |
| Variable · investment · principal and interest · LVR 90%–95% | 1 Nov 2026 | Current | 7.34% | 7.40% |
| Variable · investment · interest only · LVR 1%–70% | 1 Nov 2026 | Current | 6.69% | 6.59% |
| Variable · owner occupied · principal and interest · LVR 90%–95% | 1 Nov 2026 | Current | 6.89% | 6.95% |
| Variable · owner occupied · interest only · LVR 1%–70% | 1 Nov 2026 | Current | 6.49% | 6.38% |
| Variable · owner occupied · principal and interest · LVR 80%–90% | 1 Nov 2026 | Current | 6.54% | 6.60% |
| Variable · owner occupied · principal and interest · LVR 70%–80% | 1 Nov 2026 | Current | 6.29% | 6.32% |
| Variable · owner occupied · interest only · LVR 70%–80% | 1 Nov 2026 | Current | 6.59% | 6.49% |
| Variable · owner occupied · interest only · LVR 80%–90% | 1 Nov 2026 | Current | 6.84% | 6.74% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. 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 and charges are payable.
Registered channels
Lender staff and brokers registered with Homepedia, and the prices available through them. Separate from the product data above: it never changes the lender's rates or the order of any rate table.People registered for this product
No one is registered for this product yet. Lender staff and brokers can join through verification.