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.

IMB also has two personal loan products that can help you finance the purchase of a vehicle — a Secured and Unsecured Personal Loan. These personal loans come with competitive interest rates, flexible payment options, and a quick and straightforward application process. Choose the loan that best suits your needs, as both options offer different rates, loan amounts and requirements, and make the car purchase of your choice.

Things to consider about IMB Personal Loan

Product NameIMB Unsecured Personal Car Loan
Interest Rate (p.a.) From 11.69% (fixed)
Comparison Rate (p.a.)13.46%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$30,000
Loan SecurityUnsecured


  • Borrow up to $30,000
  • No penalty for early repayments
  • No ongoing account keeping fees


  • Minimum loan amount of $2,000
  • Application fee of $250
  • Late fees may be charged

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 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 11.69% p.a. and the Secured Personal Loan comes with a rate of 6.89% 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.

Was this content helpful to you? No  Yes

Car Loan Offers

Important Information*
IMB New Car Loan

finder Flash Sale Exclusive
Benefit from $0 application fee on the IMB New Car Loan – a saving of $250.

Stratton Finance New Car Loan

finder Flash Sale Exclusive
Receive a $150 Caltex Woolworths gift card when you are approved for a New Car Loan with Stratton.

NRMA New Car Loan

finder Flash Sale Exclusive
Get free roadside assistance when you take out a loan or get an upgrade to your existing roadside assistance. Available to NSW and ACT residents only.

Beyond Bank Low Rate Car Loan "Special Offer"

A great rate for cars under 2 years old.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
Go to site