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IMB Unsecured Personal Car Loan

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Application Fee
$250
Interest Rate (p.a.)
8.98% (fixed)
Comparison Rate (p.a.)
10.72%
Max Loan Amount
$50,000

Summary

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.

Pros

  • Borrow up to $50,000
  • No penalty for early repayments
  • No ongoing account keeping fees

Cons

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

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask an expert

Details

Product details

Product Name IMB Unsecured Personal Car Loan
Interest Rate (p.a.) 8.98%
Comp. Rate (p.a.) 10.72%
Interest Rate Type Fixed
Min Loan Amount $2,000
Max Loan Amount $50,000

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 $50,000. You can make weekly, fortnightly, or monthly repayments.

If the car you want to purchase is more than $50,000, 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 $75,000. 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 7 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 6.59% 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

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1 - 13 of 13
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit
ExclusiveFixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
6.57%
to 21.78%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$613.62
Go to siteMore Info
Finder Exclusive: Apply by December 15th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
loans.com.au - New - Fixed Rate Special
Fixed3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.79%
Comp. Rate (p.a.)
7.91%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$635.94
Go to siteMore Info
You'll receive a fixed rate of 6.79% 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.

CarMoney New Car Loan
ExclusiveFixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.89%
to 15.09%
Comp. Rate (p.a.)
8%
to 16.16%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$636.87
Go to siteMore Info
Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% 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.
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
Comp. Rate (p.a.)
7.36%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
CarMoney Used Car Loan
Fixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.2%
to 15.75%
Comp. Rate (p.a.)
6.71%
to 16.18%
Application Fee
$399
Monthly Fee
$0
Monthly Repayment
$622.43
Go to siteMore Info
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
Great Southern Bank Fixed Rate Car Loan
Fixed1 - 7 Years $5,000 - $100,000
Interest Rate (p.a.)
6.49%
to 15.04%
Comp. Rate (p.a.)
6.86%
to 15.44%
Application Fee
$265
Monthly Fee
$0
Monthly Repayment
$621.01
Go to siteMore Info
You'll receive a fixed rate of 6.49% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% 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.
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
7.05%
to 18%
Comp. Rate (p.a.)
8.36%
to 23%
Application Fee
$482
Monthly Fee
$8.90
Monthly Repayment
$641.79
Go to siteMore Info
You'll receive a fixed rate loan from 7.05% p.a. with a comparison rate of 8.36% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
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