Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$916
based on $30,000 loan amount for 3 years at 6.24%
Pros and cons
For New Car Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Winner of Best New Car Loans, RateCity Gold Awards 2024
Drawbacks
- Higher than average application fee
- Limited to new cars
IMB Bank Rate Car loan overview
For New Car Loan
Details
Total repayments $32,973 | Interest rate type Fixed |
Borrowing range $2k - $125k | Security type Secured |
Loan term 1 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Monthly, Fortnightly, Weekly |
Age of car up to 4 years | Target Market Determination Visit IMB Limited to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $250 | Ongoing Fee $0 |
Missed Payment Penalty $50 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |