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 9.9% (fixed)
Comparison Rate (p.a.)11.65%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max Loan Amount$30,000


  • 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 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 9.79% p.a. and the Secured Personal Loan comes with a rate of 6.69% 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.

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Car Loan Offers

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

You'll receive a fixed rate of 5.49% 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.

Logo for Latitude New and Used Car Loan
Latitude New and Used Car Loan

You'll receive a fixed rate of 6.99% p.a.
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Logo for RACV New Car Loans
RACV New Car Loans

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.

Logo for Stratton Finance New Car Loan
Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $150,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

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