These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
IMB is an Australian mutual bank based in the Illawarra region of New South Wales. IMB has a range of home loans for investors and owner-occupiers. Check out the full table of IMB products below or learn more about the lender and its loans.
IMB Cashback Offer Eligible purchasers and refinancers can get between $2,000 and $4,000 cashback depending on the loan amount. - $2,000 cash back for loans of $250,000 to $499,999 - $3,000 cash back for loans of $500,000 to $749,999 - $4,000 cash back for loans of $750,000+If refinancing, it must be from another institution other than IMB Bank. LVR must be less than 80%. This offer is available for owner occupier and investor loans, with both P&I and interest only repayments.
Purchases must be for residential properties and settle within 180 days of application. Refinance loans must be settled within 90 days.
Cashback to be paid to an IMB transaction account within 60 days of settlement.
Limit of 1 cashback per eligible application. Other exclusions, terms and conditions apply.
Compare IMB home loans for April 2025
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IMB key facts
IMB is a mutual bank, meaning it is owned by its members. IMB has many branches around the NSW South Coast region, the ACT, other parts of NSW and Melbourne.
You can get some IMB loans with a deposit smaller than 20%.
In addition to home loans, IMB also offers savings accounts, personal loans, credit cards and insurance products.
Here are the key features and details you need to know about IMB's mortgage products.
Feature
Details
Minimum deposit
Most IMB loans have 80% maximum LVRs, meaning you can get these loans with a 20% deposit. Some are available with 5% deposits.
Offset account
Some IMB loans come with offset accounts that let you save money while paying less interest.
Bridging loans and reverse mortgages
IMB offers reverse mortgages that allow older home owners to borrow against equity in their homes, as well as aged care loans to support borrowers moving into an aged care facility. It also offers bridging loans to help borrowers in between buying a new home and selling their old home.
Most IMB mortgages allow you to split your loan into fixed and variable portions.
How do I apply for an IMB mortgage?
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Eligibility
Each IMB product has specific eligibility criteria but some will apply to all products. For example:
Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with IMB you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Applying for a reverse mortgage is not too dissimilar to applying for a standard home loan. However, there are some differing eligibility requirements.
In general, you will need to:
Be at least 60 years of age
Have equity in your property
You may find that you're only eligible for a certain proportion of the equity you have in the home depending on your age.
To apply for a reverse mortgage at IMB, you should speak to a mortgage broker or contact IMB itself.
If you want to compare loans from similar lenders to IMB then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:
Australian Unity. This customer-owned bank is headquartered in Melbourne.
Greater Bank. A Newcastle-based mutual bank with competitive rates.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
More home loan questions
To make sure you find the right IMB loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
Do you need to visit a branch? IMB has strong online support but also has branches, mainly in NSW and the ACT. If you want in-person help with a loan, check if there is a branch near you.
What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. IMB has rates for both borrower types.
Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes?
What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of, but there's no reason to worry.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
IMB is considered an authorised deposit-taking institution (ADI). This means customers with money deposited in an IMB savings account benefit from the deposit guarantee scheme. This federal government scheme guarantees a customer's savings up to $250,000.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically doesn't charge you a fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
10 of 18 reviews
★★★★★Fred (QLD) 12 months ago
Via customer survey commissioned by Finder
Helpful with home loans and customer service
★★★★★ (NSW) 12 months ago
Via customer survey commissioned by Finder
★★★★★VJ (NSW) 12 months ago
Via customer survey commissioned by Finder
Good data
★★★★★Gustooo (NSW) 12 months ago
Via customer survey commissioned by Finder
Great customer service, good interest rates. Would and have recommended
★★★★★Gustooo (NSW) 12 months ago
Via customer survey commissioned by Finder
Great customer service. Great interest rates. Good app. Would recommend
★★★★★ (TAS) 12 months ago
Via customer survey commissioned by Finder
★★★★★Jojo (NSW) 12 months ago
Via customer survey commissioned by Finder
Helpful staff, easy to source and discuss needs
★★★★★mathew mcalsiter (VIC) 1 year ago
Via customer survey commissioned by Finder
they are very reliable, and their customer service is unbeatable
Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio
Richard's expertise
Richard has written 605 Finder guides across topics including:
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