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IMB Personal Car Loan

An IMB Personal Loan can help you get behind the wheel of a new car without breaking the bank.

IMB, which began operations in 1880, is amongst the largest and oldest building societies in NSW. It offers a diverse range of financial services and products which include transaction and savings accounts, term deposits, insurance solutions, advice surrounding financial planning, as well as business banking.

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Elizabeth Barry
Last Updated

$250

Application Fee

From 8.98% (fixed)

Interest Rate (p.a.)

10.72%

Comparison Rate (p.a.)

$30,000

Max Loan Amount

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Details

Product NameIMB Unsecured Personal Car Loan
Interest Rate (p.a.)From 8.98% (fixed)
Comparison Rate (p.a.)10.72%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max Loan Amount$30,000

Things to consider about IMB Personal Loan

You can use proceeds from the IMB Personal Loan for just about any legitimate purpose, including the purchase of a car. The minimum you can apply for is $2,000, and maximum loan amount is $60,000. You can make weekly, fortnightly, or monthly repayments.

If the car you want to purchase is more than $30,000, consider applying for the IMB Secured Personal Loan as this is maximum loan amount for the unsecured loan option. Through the secured loan you can borrow up to $60,000. In this case you have to make monthly repayments, which remain the same for the entire duration of the loan.

Features of the IMB Personal Loan

  • Loan term. For both the secured and unsecured loans you can choose loan terms of between 1 year and 5 years.
  • Additional repayments. You can make additional repayments towards your unsecured or secured personal loan without incurring penalties, and this enables you to pay the loan off sooner than scheduled.
  • Competitive rates. The Unsecured Personal Loan comes with a rate of 8.98% p.a. and the Secured Personal Loan comes with a rate of 5.98% p.a.
  • Fees. You can make an early payout without worrying about early termination fee. You don't have to pay ongoing account-keeping fees, but you do have to pay an application fee.
  • Loan repayment insurance. If due to unforeseen circumstances you cannot make timely repayments, loan repayment insurance covers you. This is an optional extra with both personal loan offerings.
  • Security. If you wish to apply for the secured personal loan you have to provide security in the form of a vehicle that isn't over five years old.

How to apply for the IMB Personal Loan

Applying for an IMB unsecured or secured personal loan is easy. You can do so by clicking on the 'Go to Site' button. To apply, you need to meet the following eligibility criteria:

  • You should be more than 18 years old
  • You should have a regular monthly income
  • You need to have good credit history

To complete the application process you have to submit certain documents, so keep the following close at hand:

  • Australian driver's licence or passport
  • Copies of payslips
  • Documents detailing all your assets and savings

The IMB Personal Loan gives you the ability to fund a car purchase, but so do other personal loans. Comparing your options before making a decision, as a result, is in your best interest.

Compare car loan providers

1 - 13 of 13
Updated regularly
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Name Product Mobile details underline Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Prime Special (Variable) Variable, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Prime Special (Variable)
3 - 5 Years, $5,000 - $100,000
3.74%
4.28%
Variable
$400
$0
You'll receive a variable rate of 3.74% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees.

⭐ Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Go to site
More Info
IMB New Car Loan Fixed, 1 - 7 Years, $2,000 - $75,000
IMB New Car Loan
1 - 7 Years, $2,000 - $75,000
4.88%
5.23%
Fixed
$275.12
$0
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Go to site
More Info
Credit Concierge Car Loan - Prime (Credit Score 800+) Fixed, 1 - 7 Years, $10,000 - $150,000
Credit Concierge Car Loan - Prime (Credit Score 800+)
1 - 7 Years, $10,000 - $150,000
3.69%
to 5.69%
4.23%
to 6.23%
Fixed
$350
$8.50
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Must have a high credit score and excellent previous repayment history to qualify. Home ownership or mortgage may assist overcoming a lower credit score in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
Go to site
More Info
RACV New Car Loans Fixed, 1 - 7 Years, $5,000 - $150,000
RACV New Car Loans
1 - 7 Years, $5,000 - $150,000
5.99%
6.68%
Fixed
$499
$0
You'll receive a fixed rate from 5.99% 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.
Go to site
More Info
Stratton Finance New Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance New Car Loan
1 - 7 Years, $10,000 - $300,000
4.44%
to 18%
5.76%
to 19.61%
Fixed
$482
$8.90
You'll receive a fixed rate from 4.44% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Go to site
More Info
NRMA New Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA New Car Loan
1 - 7 Years, $5,000 - $130,000
5.99%
6.68%
Fixed
$499
$0
You'll receive a fixed rate from 5.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Go to site
More Info
OurMoneyMarket Car Loan Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Car Loan
1 - 7 Years, $2,001 - $75,000
5.85%
to 14.99%
6.47%
to 21.14%
Fixed
1.5% - 6%
min. $250
$0
You'll receive a fixed interest rate from 5.85% p.a. to p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
Go to site
More Info
NRMA Used Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA Used Car Loan
1 - 7 Years, $5,000 - $130,000
6.99%
7.68%
Fixed
$499
$0
You'll receive a fixed rate from 6.99% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Go to site
More Info
RACV Used Car Loans Fixed, 1 - 7 Years, $5,000 - $150,000
RACV Used Car Loans
1 - 7 Years, $5,000 - $150,000
6.99%
7.68%
Fixed
$499
$0
You'll receive a fixed rate from 6.99% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Go to site
More Info
loans.com.au - New - Prime Special (Fixed) Fixed, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Prime Special (Fixed)
3 - 5 Years, $5,000 - $100,000
5.09%
5.64%
Fixed
$400
$0
You'll receive a fixed rate of 5.09% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

⭐ Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Go to site
More Info
loans.com.au - Used Car Loan (6+ years) Variable, 3 - 5 Years, $5,000 - $100,000
loans.com.au - Used Car Loan (6+ years)
3 - 5 Years, $5,000 - $100,000
5.04%
5.59%
Variable
$400
$0
You'll get a variable rate of 5.04% p.a.
Borrow up to $100,000 for a used car for 6+ years, with no monthly fee.

⭐ Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
Go to site
More Info
loans.com.au - Used Car Loan (8+ years) Variable, 3 - 5 Years, $5,000 - $50,000
loans.com.au - Used Car Loan (8+ years)
3 - 5 Years, $5,000 - $50,000
8.94%
9.51%
Variable
$400
$0
You'll get a variable rate of 8.94% p.a.
Borrow up to $50,000 for a used car for 8+ years, with no monthly fee.

⭐ Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
Go to site
More Info
Stratton Finance Used Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance Used Car Loan
1 - 7 Years, $10,000 - $300,000
4.99%
to 18%
6.41%
to 19.61%
Fixed
$482
$8.90
You'll receive a fixed rate loan from 4.99% p.a. with a comparison rate of 6.41% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
Go to site
More Info
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

More info
Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

More info
Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 5.99% 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.

More info
Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 5.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

More info

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