{"menuItems":[{"label":"Compare your IMB car loan options","anchorName":"#compare-your-imb-car-loan-options"},{"label":"Is your car eligible to be used as security?","anchorName":"#is-your-car-eligible-to-be-used-as-security"},{"label":"How you can apply for a loan with IMB","anchorName":"#how-you-can-apply-for-a-loan-with-imb"}]}
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 $125,000 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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 5.99% p.a. with the IMB New Car Loan. You can apply for a loan amount between $2,000 and $125,000 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 $75,000 for terms that can extend up to 7 years. A competitive rate of 6.59% 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 8.98% p.a. You can borrow up to $50,000 with this loan have between 1 year and 7 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 $125,000.
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 car loan options before you decide which one is best for you.
Elizabeth Barry is the lead editor for Finder. She has over 10 years' experience writing about a range of topics with a focus on personal finance. You’ll find her writing and commentary in a range of publications and media including Seven News, the ABC, MSN, the Irish Times and Singapore Business Review.
Looking for a home loan that works with you to help you pay it off sooner? The IMB Equity Advantage Home Loan combines your home loan and everyday accounts so that you lower the interest you pay therefore paying off your home sooner.
The IMB Standard Variable Home Loan offers flexible repayment options, a redraw facility to access any additional repayments made and a 100% offset account.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
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 are committed to our readers and stands by our editorial principles
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 labeling 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.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', '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.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan and read any disclosure documents (such as any Target Market Determination (TMD) and/or Product Disclosure Statement (PDS)) issued by the provider before making a decision.
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.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
