IMB New Car Loan
The IMB New Car Loan has a very competitive interest rate and a slick set of features. This is a secured car loan for vehicles up to 2 years old. This is a popular loan because there are no monthly fees, loan amounts range from $2,000 to $75,000 and the repayments are fixed, so there are no nasty surprises if interest rates rise. The IMB New Car Loan also allows early repayments with no penalties.
Car type New
Car loan type Conventional Car Loan
Start rate p.a. 6.34%
Comparison rate p.a. 6.62%
Max. loan $75,000
The cool stuff: features
Loan insurance available? Yes
Repayment schedule Fortnightly or Monthly
Online application Yes
Redraw facility No
Early repayment allowed Yes
Additional repayments allowed Yes
The Facts & Figures
Min. loan $2,000
Min. term 1 year
Max. term 7 years
The ugly stuff: fees
Signup fee $199
Exit fee $0
Monthly fee $0
Comparison Rate Disclaimer Comparison rate is based on a $30,000 secured loan over 5 years.
Early Repayment Fee -
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Warning: These comparison rates are 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.
With great rates and no penalty for early payout, the IMB New Car Loan could have you cruising in the car of your dreams sooner than you thought. So what are you waiting for?
- Very competitive interest rates
- Loan amounts from $2,000 up to $75,000
- Fixed repayments for no nasty surprises!
- No penalty for making extra repayments
- No monthly account keeping fees
- This loan is for vehicles up to 2 years old
- Choose between weekly, fortnightly or monthly repayments
- Loans from 1 to 7 years
- Loan repayment insurance is available if you want it
- You need to be over 18 years old, have a good credit history and monthly income
- Make extra repayments with no penalties
- Repayments are fixed and won't increase so you can budget easily
- No monthly fees
- Loan terms of 1 to 7 years