If you're in the market for a new or used car you might want to consider what's available from IMB. Generous loan amounts of up to $75,000 are on offer if you're looking to purchase a new car. Competitive rates are also on offer for vehicles up to six years of age.
Find out more about IMB and the flexible loans it has on offer in the page below, and compare and apply for the right secured loan for your car-buying needs.
IMB Secured Personal Loan
IMB Secured Personal Loan
No monthly account fees
Extra repayments OK
Borrow up to $60,000
100% confidential application
IMB Secured Personal Loan
A competitive fixed rate loan available from $2,000 that you can use for any worthwile purpose.
New Car Loan. If you're purchasing a new car or one that is less than two years old you can secure a rate of 5.49% p.a. with the IMB New Car Loan. You can apply for a loan amount between $2,000 and $75,000 and repay it over a term of 7 years.
Secured Personal Loan. This loan needs to be secured with a new or used vehicle up to six years of age, but can be used for any purchase (this includes the purchase of that vehicle). You can borrow between $2,000 and $60,000 for terms that can extend up to 5 years. A competitive rate of 6.69% p.a. applies to this loan.
Unsecured Personal Loan. If you're looking to purchase a used car that's over six years old you can consider the IMB Unsecured Personal Car Loan, which comes with a rate of 9.79% p.a.. You can borrow up to $30,000 with this loan have between 1 year and 5 years to repay it. You're also able to make additional repayment to pay off your loan sooner.
Is your car eligible to be used as security?
As IMB offers two secured car loans, different criteria is in place for each:
New Car Loan: The car needs to be new or up to two years old and between $2,000 and $75,000.
Secured Personal Loan: The car can be new or used vehicle up to six years of age.
How you can apply for a loan with IMB
The first step is deciding which loan is right for you to finance your vehicle purchase. Once you've done this, you can click "Go to Site" to get the application process started. You'll need to meet the eligibility criteria outlined below to be eligible to apply:
Be over the age of 18
Have a good credit history
Earn a monthly income
You'll need the following information on hand to complete the application:
Personal information including your name, contact details and a form of ID
Financial details such as your income, assets and expenses
Your employment information
The application should take approximately 15 minutes to complete.
The loan options IMB has available are competitive offerings, but as they are not the only ones in the market, it's important to compare your options before you decide which one is best for you.
Elizabeth Barry is Finder's global fintech editor. She has written about finance for over five years and has been featured in a range of publications and media including Seven News, the ABC, Mamamia, Dynamic Business and Financy. Elizabeth has a Bachelor of Communications and a Master of Creative Writing from the University of Technology Sydney. In 2017, she received the Highly Commended award for Best New Journalist at The Lizzies. Elizabeth has found writing about innovations in financial services to be her passion (which has surprised no one more than herself).
You'll receive a fixed rate from 5.69% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees. Note: Product only available to residents of Victoria.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.