IMB Bank to provide first home buyers loans backed by the Home Guarantee Scheme from 01 July, 2022.

IMB Bank to provide first home buyers loans backed by the Home Guarantee Scheme from 01 July 2022.

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Tuesday, 07 June 2022

IMB Bank announced today that it will play an enhanced role in helping first home buyers make their first steps into the property market sooner, after being appointed to the lending panel for the Australian Government’s Home Guarantee Scheme (currently known as the First Home Loan Deposit Scheme).

The National Housing Finance and Investment Corporation (NHFIC) confirmed today that IMB Bank would be one of 5 new lenders that can offer the Scheme. The Scheme includes the First Home Guarantee, which supports eligible first home buyers to purchase a home with a minimum 5 per cent deposit, and not pay Lender’s Mortgage Insurance.

IMB Chief Executive, Robert Ryan said that IMB is delighted to have been chosen by NHFIC to help more Australians realise their dream of buying a home sooner.

“IMB has been helping people achieve their home ownership goals for over 140 years, providing competitive and responsible lending to our customers. Home ownership remains a bedrock of IMB’s mission, as a leading mutual bank it is a core value for us,” said Mr Ryan.

“Our highly competitive rates and products, digital mortgage innovation and proven history of helping first home buyers enter the property market are key components of our offering to borrowers under the Scheme,” Mr Ryan said.

Mr Ryan said that IMB Bank would offer loans under the Scheme from 01 July 2022.

Why choose us?

Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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