Many Australians accept dealer finance because it's convenient at the point of purchase. But once the paperwork is signed, it's easy to forget to review whether you're still getting value from your loan.
Refinancing may help if:
Refinance your existing car loan with a lender that puts flexibility and simplicity first.
Loan Amount | Fixed Interest Rate | Comparison Rate1 |
|---|---|---|
$2,000 - $125,000 | 6.24 % p.a. | 6.59 % p.a. |
Documents | |
IMB Loan Fees and Charges | |
IMB Personal Loan Terms and Conditions | |
Important Information about IMB Personal Loans |
Refinancing
Introductory or promotional rates don't last forever. If your rate has increased, refinancing could help you reduce the cost of your loan.
A review of your current loan could identify opportunities to lower your repayments or adjust your loan term.
Perhaps you're earning more, have received a bonus, or simply want more control over your finances. Refinancing could allow you to pay off your loan faster.
Some car loans restrict extra repayments or charge penalties when paying out the loan early. IMB allows unlimited additional repayments with no early payout penalty.
Unlike many dealer finance arrangements, IMB focuses on clear, straightforward lending.
Fixed interest rate for repayment certainty.
No monthly loan account fees.
Unlimited additional repayments.
No penalty for early payout.
Weekly, fortnightly or monthly repayment options.
Fast online application process.
Backed by one of Australia's largest customer-owned banks.
Every car loan is different. The amount you could save will depend on:
Your current interest rate.
Your remaining loan balance.
Your remaining loan term.
Any fees charged by your current lender.
Use our calculator to compare repayments and see whether refinancing could work for you.
Save more
1
Gather details including your balance, interest rate and remaining loan term.
2
Complete your refinance application online for fast conditional approval.
3
We'll need information about your current loan and vehicle.
4
Once approved, we'll guide you through the refinance process and help make the transition as simple as possible.
We want to empower you with the knowledge to stay vigilant, protect your finances and act quickly if you suspect you’ve been targeted.
General
Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply. Target Market Determinations available here.
Rates and Features
1. This comparison rate is based on a $30,000 secured loan over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2. Conditional approval is given to successful applicants and is valid for 60 days. Conditions include the provision of verification documents and security satisfactory to IMB.
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