IMB Secured Personal Loan

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A competitive secured loan that can help you finance that unsecured purchase

This loan from IMB lets you take advantage of the benefits of a secured loan in order to finance an unsecured purpose, such as paying for a holiday or even undertaking home renovations. For a competitive fixed rate you can use the loan amount for anything you choose, you just need to attach a new or used car as a guarantee. Borrow up to $60,000 and make whatever dream you have a reality.

3 things you should know about this loan

  • Use it for any purpose. While this loan is secured, you can use the funds for any purpose you need.
  • Competitively priced. This loan comes with a fixed rate of 6.89% p.a. and there are no monthly fees.
  • Security is required. IMB requires you to secure a vehicle as a guarantee for this loan. It needs to be a new or used vehicle up to six years of age.
Product NameIMB Secured Personal Loan
Interest Rate (p.a.)6.89% (fixed)
Comparison Rate (p.a.)7.24%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$60,000
Loan SecuritySecured


  • No penalty for early repayments
  • No ongoing account keeping fees
  • Finance a range of options with your car as security..


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

Main points consider with the IMB Secured Personal Loan

You're able to borrow between $2,000 and $60,000 to finance a range of purposes. This loan is secured, and IMB requires that you secure it with a new or used vehicle up to six years of age. This loan can be used to purchase the vehicle you use to secure. There's no ongoing account-keeping fees across the term of the loan, which can be for a period of between 1 year(s) and 5 year(s). When you apply for this loan you'll lock in a fixed rate for the duration of the term. This rate is currently 6.89% p.a.

What features come with this loan?

  • Loan amount. You're able to borrow between $2,000 and $60,000.
  • Interest rate. This loan comes with a fixed interest rate of 6.89% p.a.
  • Loan purpose. This loan can be used to finance a range of worthwhile purposes – from renovations to holidays.
  • Loan term. You're able to borrow the money for a period of between 1 year(s) and 5 year(s).
  • Repayments. Repayments are fixed and need to be made monthly. You're also able to make additional repayments to help pay back your loan early, which you can do without an early termination fee.
  • Loan repayment insurance. If you want to protect yourself against the unexpected, you have the option of taking out loan repayment insurance with IMB. You can finance your premium into your loan and there are three levels of cover available.

Fees to consider

  • Application fee of $250
  • Monthly fee of $0
  • There is no fee if you choose to close your personal loan account early.

How to apply

If you're interested in applying for this secured loan, click 'Go to Site' to get the application process started. Before you do, check you meet the eligibility criteria outlined below and also see what documents will be required to apply.

Eligibility criteria

To apply for this loan, you must be:

  • Be over the age of 18
  • Have a good credit history
  • Have a monthly income
  • Be willing and able to put up a new or used car under six years old as security
Required information

Have the following information and documentation handy for your application:

  • Your email address
  • Details of your income and employment, including your current and previous employer's details
  • Information regarding your assets, expenses and liabilities

The IMB Secured Personal Loan lets you make a purchase you've been waiting to make, and lock in a competitive fixed rate to pay it back. Compare this loan to other similar ones before you apply to make sure it's the right option for you.

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32 Responses

  1. Default Gravatar
    PrimaliJuly 29, 2018

    Please send me a quotation for Loan amount AUD 8000.

    • finder Customer Care
      NikkiJuly 30, 2018Staff

      Hi Primali,

      Thanks for reaching out.

      To get a quotation from IMB Secured Personal, simply click the GO TO SITE button and it will automatically redirect you to their page.

      You may also check for more options on personal loans on this page.
      We also have a personal loan calculator that you can use to help you see what your monthly repayments will be, and how much interest you will pay over the life of the loan.

      Hope this was helpful. Feel free to message should you have further questions.


  2. Default Gravatar
    ErinJuly 11, 2017

    What will my total repayments be after 5 years.

    • Default Gravatar
      JonathanJuly 13, 2017

      Hi Erin!

      Your repayments would depend on the amount you borrowed, the duration of your loan, fees and the rate involved. :)

      We recommend that you talk to IMB loan specialist to confirm your computation.

      Hope this helps.


  3. Default Gravatar
    GerardMarch 24, 2017


    Regarding the IMB Secured Personal Loan. I am looking to purchase a used boat large 1986 cruiser through a marine broker. Will the age of the affect the interest rate? 7.39% still apply?


    • finder Customer Care
      LouMarch 27, 2017Staff

      Hi Gerald,

      Thanks for your question.

      Please note that with IMP Secured Personal Loan, one of the criteria for the security is that it should be a new or used vehicle up to six years of age. If your security meet this criteria and you are approved for this loan, you’ll lock in a fixed rate for the duration of the term. This rate is currently 7.39% p.a.

      You may also compare other motor boat loans here.


  4. Default Gravatar
    SisOctober 13, 2016

    My daughter needs to get a personal loan of $15000 over 5 years to repay some debt after a divorce. She is a single mum of 2 on a pension and works part time 25 hours per week. She owns a 1 year old car worth $35000 that she can use to secure the loan but I was wondering if I could go guarantor for her if her earnings do not qualify her to cover the loan.

    • finder Customer Care
      ElizabethOctober 13, 2016Staff


      IMB do not currently accept applications where a personal loan guarantor is required. However, they do accept applications from casual employees as long as your daughter has been in her role for at least 12 months.

      You can also review some other options on this page and this page.

      Hope this helps,


  5. Default Gravatar
    DanOctober 3, 2016

    Hi, i am looking to buy a motorcycle in a private sale which is less than 2 years old. Firstly is it possible to get a new car loan for this or are they specifically for cars? Secondly whether i get a new car lon or a secured personal loan is the money transferred straight to the person or sale or can i have it put into my own account so i can pay with a bank cheque?
    Thank you

    • finder Customer Care
      ElizabethOctober 4, 2016Staff

      Hi Dan,

      Both new and used bikes up to six years old can be financed with the IMB Secured Personal Loan, but the car loan is specifically for cars.

      In terms of paying out your loan, IMB can pay the funds directly to the seller or you can pick up an IMB cheque in-branch.

      Hope this helps,


  6. Default Gravatar
    KristySeptember 22, 2016

    Hi, Am I able to use a family members car that is under 5 years old as security? like a Guarantor as my car is older than 5 years.

    • finder Customer Care
      ElizabethSeptember 22, 2016Staff

      Hi Kristy,

      Unfortunately the vehicle needs to be registered in your name. You can compare your other secured personal loan options on this page.

      Hope this helps,


  7. Default Gravatar
    CarolynAugust 31, 2016

    Is my Superannuation considered security if I am past the age of maturation?

    • finder Customer Care
      ElizabethAugust 31, 2016Staff

      Hi Carolyn,

      Unfortunately, secured personal loans must be secured with either a new or used vehicle (up to 6 years of age). Superannuation is generally not considered as security for most lenders, but you may find some alternative lenders willing to use it as security.



  8. Default Gravatar
    TobyApril 12, 2016

    What would be monthly repayment of a loan of $40000?
    Are payments able to be direct debited on a fortnightly basis?

    • finder Customer Care
      ElizabethApril 12, 2016Staff

      Hi Toby,

      Monthly repayments depend on how long your repayment term is – this loan comes with repayment terms of between one and five years. You can use the personal loan repayment calculator on this page to work out your ongoing repayments. You’re only able to repay monthly.



  9. Default Gravatar
    IffatApril 1, 2016


    My husband and I both wanted to apply jointly. Is that possible? Thanks

    • finder Customer Care
      ElizabethApril 4, 2016Staff

      Hi Iffat,

      You’re able to apply for this loan jointly if you’re married or de facto, so you and your husband will be able to.

      Hope this has helped,


    • Default Gravatar
      April 4, 2016


      Thank you.

      But on the online application will I be able to do it jointly or should we visit a branch? Thanks

    • finder Customer Care
      ElizabethApril 4, 2016Staff

      Hi Iffat,

      You can submit an online application jointly. Towards the start of the application you will be given the option to select how many people are applying.



  10. Default Gravatar
    DavidFebruary 27, 2016

    I have an existing car loan but I do not like the car. I am wanting to purchase a 2013 Mazda CX5 top of range and get cash to pay off existing loan. Then will sell old car and with what I get from sale pay that off the loan to reduce existing loan amount.
    would this be possible through a secure loan.
    Cheers David

    • finder Customer Care
      ElizabethFebruary 29, 2016Staff

      Hi David,

      Thanks for your question.

      You can use your current vehicle to secure the loan, but IMB would pay out your current loan and the car would be encumbered to IMB. You can sell then sell the vehicle but you would need to use those funds to pay out the loan and then apply for another loan to purchase a new vehicle with IMB – IMB has a new car loan that you may want to consider for this loan.

      I hope this information has helped.



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