iMortgage Essential Variable
It is hard to beat the Essential home loan from iMortgage, it is packed with great features, flexibility and a very low interest rate.
Borrow up to 80% of your home's purchase price and still get this low rate of only 3.89% p.a. (3.93% p.a. Comparison Rate)If you are borrowing between 80-90% of your home's purchase price the interest rate still sits at a modest 3.99% p.a. (4.03% p.a. Comparison Rate)
When you take this Essential home loan with iMortgage, you will automatically gain access to iMortgages Customer Benefits Program which gives you discounts and exclusive offers on travel, entertainment, dining, computers, plus more! This loan is also a 'Carbon Conscious Loan' which means if you take out this Essential loan with iMortgage, a tree will be planted!
There are no application fees, no legal fees, and no ongoing fees on the Essential loan, and you can use the loan to purchase or refinance.
Flexibility is another main feature of the Essential loan from iMortgage, you can choose to make your repayments weekly, fortnightly or monthly, and you can make additional repayments plus redraw on your loan at any time for free!
Max LVR 90.00%
Interest type Variable rate
Headline interest rate p.a. 3.89%
Comparison rate p.a. 3.93%
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details Lender’s Mortgage Insurance Payable For loans above 80% LVR
Loan is Transferable No
Line of credit available No
Product suits Owner - Occupier & Investor
The Facts & Figures
Introductory rate p.a. -
Introductory term -
Interest rate (p.a.) 1 year -
Interest rate (p.a.) 2 years -
Interest rate (p.a.) 3 years -
Interest rate (p.a.) 4 years -
Interest rate (p.a.) 5 years -
Interest rate (p.a.) 7 years -
Interest rate (p.a.) 10 years -
Interest rate (p.a.) 15 years -
Comparison rate (p.a.) 1 year -
Comparison rate (p.a.) 2 years -
Comparison rate (p.a.) 3 years -
Comparison rate (p.a.) 4 years -
Comparison rate (p.a.) 5 years -
Comparison rate (p.a.) 7 years -
Comparison rate (p.a.) 10 years -
Comparison rate (p.a.) 15 years -
Minimum loan term 5 years
Maximum loan term 30.00 years
Min loan amount $50,000
Max loan amount $750,000
Early repayments Yes
Redraw facility Yes
Repayment holiday -
Ability to split loan Yes
Extra repayments Yes
Offset account available -
Interest only payments Yes
The ugly stuff: fees
Application fee $0
Valuation fee $0
Subsequent valuation fee -
Valuation fee details At cost - estimated at $260 per property (payment required following conditional approval) One standard valuation per application valued at up to $280 is provided free of charge. Any non-standard valuations and additional valuations are at the cost of the borrower.
Discharge fee -
Discharge fee details -
Legal fee $0
Settlement fee $150
Redraw fee $0
Comparison Rate Disclaimer Comparison rates quoted are based on a $150,000 loan amount over 25 years. WARNING: Comparison rates quoted are 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.
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Warning: These comparison rates are 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.
iMortgage loans offer, $0 application, ongoing and valuation fees^, No ongoing fees*, Low rate for the life of the loan, Free redraw, Flexible repayment options, New purchases or refinances, Owner occupiers or investors, Debit card / ATM access (iMortgage Fusion only), Exclusive customer benefits.
iMortgage provides home loans with flexibility and great features and a discounted rate for the life of the loan. We offer variable rates from just 3.89%pa (comparison rate 3.93%pa), suitable for all types of borrowers.
The iMortgage Essential is available up to 90% LVR, while the iMortgage Fusion is available up to 95% (including Lender's Mortgage Insurance). The iMortgage Fusion also offers low fixed rates.
- $0 Application Fee
- $0 Annual Fee
- $0 Legal Fee
- Borrow up to 90% of the Purchase Price
- Customer Benefits Program
- Carbon Conscious Loan
- Free Redraws
- Additional Repayments Allowed
- Interest Only Option Available
- Repay Weekly, Fortnightly or Monthly
Terms & conditions
*No ongoing fees applies to iMortgage Essential. iMortgage Fusion attracts a $120 annual fee. ^Applies to standard loan submissions for new loans only. One standard valuation per application valued at up to $280 is provided free of charge. Any non-standard valuations and additional valuations are at the cost of the borrower. Legal fees waived on upon establishment of 'standard loans' as defined by our solicitors and where there is a single security property. Application Fee of $299 waived for all borrowers. Other fees and charges may apply.