Compare IMB Car Loans & Interest Rates - Best Find

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Type of vehicle loan

Car finance provider

Imb Car Loans

New Car Loan

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.

Overview

Minimum loan amount$2,000

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Advertised rate5.99%

Comparison rate7.66%

Monthly repayments (approx)$311

Total repayments (approx)$11,224

Total interest repayments (approx)$1,224

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$250

Other Fees & Information

Monthly fee$0.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredNo

Telephone133 462

Data accurate as of4.08.2017

Comparison warning Comparison rate is based on a $30,000 secured loan over 5 years. WARNING: This comparison rate applies only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts may result in different comparison rates. Normal IMB lending criteria, terms and conditions, fees and charges apply.

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Compare 100s of car loans

Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review IMB car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing IMB car loans, there are other key facts to consider and understand, other than just IMB’s interest rates.

What car loan options are available?

IMB has 1 car loan product:

  • IMB New Car loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare IMB personal loansIMB home loan and IMB credit cards.

Do you have an IMB car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact IMB directly.

How to apply for an IMB car loan?

If you’d like to apply online for an IMB car loan, just scroll up and click on “Learn more” to be taken to IMB’s secure online application form. Before you apply, be sure to learn about IMB’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

IMB’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the IMB’s lending criteria. Below is high-level overview of IMB’s criteria:

IMB’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $2,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the IMB branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your IMB car loan

There are many additional factors IMB consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use an IMB car loan for?

Examples of common loan purposes IMB will lend for:

Additional IMB car loan information

IMB’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $2,000 and $75,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

IMB allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

IMB allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

IMB’s New Car Loan requires an asset (typically, the vehicle) as security.