IMB Bank - Fixed Rate Home Loan
Fixed | Fixed for 3 years | Owner Occupied | Principal & Interest | LVR up to 95% (with LMI) | Borrowing more than $10,000
The IMB Bank Fixed Rate Home Loan offers an advertised interest rate of 5.69% p.a. and a comparison interest rate of 6.23% p.a.. The IMB Bank Fixed Rate Home Loan is suitable for Owner Occupiers with Fixed terms.
More IMB Bank Fixed Rate Home Loan details can be found below or visit IMB Bank to learn more or apply.
A Fixed rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 5.69% p.a. and a comparison interest rate of 6.23% p.a.
Advertised Rate
5.69% p.a. Fixed - 3 years
Comparison Rate
6.23% p.a. Fixed - 3 years
Application Fee
$449 one off
Loan To Value
95%
Interest
Rate Type
Fixed
Fixed Period
3
years
Advertised Rate
5.69% p.a.
Fixed - 3 years
Comparison Rate
6.23% p.a.
Fixed - 3 years
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$10,000
Term
1 to 30
years
Loan To Value
95%
Repayment
Type
Principal & Interest
Frequency
Monthly, Weekly, Fortnightly
Extra Repayments
Yes
Fees
Application Fee
$449
one off
Ongoing Fee
$6
per month
Discharge Fee
$350
per event
Early Repayment Fee
$0
per event
Split Loan Fee
$100
per event
Features
Redraw
Yes
Loan Offset
No
Loan Split
Yes
Who is the product designed for?
The objectives needs and financial situation describes consumers in the target market:
Objectives & Needs
A person who may require a credit facility:
- That is predominantly to purchase, renovate or improve a residential property for owner-occupier purposes (including construction), or access equity in residential property for another purpose that is not predominantly a business or investment purpose, or to refinance an existing home loan facility that is for any of these purposes.
- That either:
- Takes advantage of potential future decreases in an interest rate, and has flexibility to make additional repayments and/or repay the facility early (flexible facility).
- If the facility is not used for construction purposes, has certainty of repayments for a fixed period during which the person does not consider that they may want to make substantial additional repayments or repay the facility (certain facility).
- If the facility is not used for construction purposes, is split between a flexible facility and a certain facility.
- That, if the facility is used for construction purposes, the loan amount is drawn down progressively.
- That has access to a redraw facility.
- That, if the facility is not used for construction purposes and depending on the product option, has access to an offset facility.
Financial Situation
- A person who will have funds to make payment of fees, interest and repayments as and when such amounts become due and payable and, depending on the product option, will have funds available in order to benefit from the offset facility.
Visit IMB Bank to view Target Market Determination Effective From: 2022-10-05.
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