| New Car Loan | Secured Personal Loan | Unsecured Personal Loan | Personal Line of Credit | |
|---|---|---|---|---|
| Interest Rate | 5.45% pa | 6.45% pa | 9.79% pa | 14.85% pa |
| Comparison Rate# | 5.80% pa | 6.80% pa | 11.54% pa | N/A |
| Key Fees1 | ||||
| Application Fee | $250 | $250 | $250 | $0 |
| Monthly service fee | $0 | $0 | $0 | $0 |
| Summary of key features | ||||
| Loan term | 1 - 7 years | 1 - 5 years | 1 - 5 years | N/A |
| Minimum loan amount | $2,000 | $2,000 | $2,000 | $500 |
| Maximum loan amount | $75,000 | $60,000 | $30,000 | $20,000 |
| Loan purpose | To purchase a vehicle that is new or up to 2 years old. |
Purchase of motor vehicle; Purchase of consumer goods (home contents etc.); Holidays; Debt consolidation; Any worthwhile purpose. |
Purchase of motor vehicle; Purchase of consumer goods (home contents etc.); Holidays; Debt consolidation; Any worthwhile purpose. |
When funds in your Everyday account have been exhausted you can automatically access funds from your Personal Line of Credit |
| Security | New vehicle, or vehicle up to 2 years old | New or used vehicle (up to 6 years of age). | N/A | N/A |
| Additional payments |
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Important Information:
Normal IMB lending criteria, terms and conditions, fees and charges apply. # The comparison rate is based on a loan amount of $10,000 for a term of 3 years for an unsecured personal loan and a loan amount of $30,000 over a term of 5 years applies for a secured personal loan. WARNING: This comparison rate applies only for the example given and may not exclude all fees and charges. Different terms, fees or other loan amounts may result in different comparison rates. 1 Other fees and charges apply.
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Why choose IMB Bank?
Established in 1880, IMB has been helping people achieve their financial goals for 140 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and can arrange a wide range of insurance and travel products.
IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.
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