iMortgage Essential Variable

Moneybuddy says

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!

The Basics

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.

All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. MoneyBuddy endeavours to keep product information up to date however we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. We recommend that you check the accuracy of all information provided on this website with the product provider. MoneyBuddy earns a referral fee from redirecting website users to a product provider's website. Further details are provided in relation to specific product information. Website users have no obligation to apply for a product or service that they may be referred to by this website.

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 says

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.

Key features

  • $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.

 
Got a question about iMortgage Essential Variable?
Enter your details below to enquire.

Name

Phone

Email

Postcode Type your full postcode and suggestions will appear

Message

 

My shortlist

You can shortlist products here & email them later.

No products currently shortlisted.

Search

What are you looking for?

What type of loan?

more options > Search Plan

Special offers

Find a mortgage broker

Enter your location to find a professional near you.