New Car Loan
- 2024 Award Winner
- $2k to $125k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
6.24%
Comparison rate* p.a.
6.59%
New Car Loan
- 2024 Award Winner
- $2k to $125k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
6.24%
Comparison rate* p.a.
6.59%
RateCity says
"Buy a car less than 2 years old, and pay no ongoing fees. Enjoy a competitive fixed rate for simpler budgeting, with no penalty for early repayment."
Calculate your repayments for this loan
Your estimated repayment
$583
based on 30000 loan amount for 5 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
$35,000
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
Promoted car loan products
New Car Loan
Real Time Rating™
$2k to $75k
1 to 7 years
Fixed Rate
Secured
Interest rate p.a.
6.57%
Comparison rate* p.a.
7.19%
Australian Credit Licence 488228
Product info
New Car Loan
Via broker
$10k to $250k
1 to 7 years
Fixed Rate
Interest rate p.a.
6.52%
up to 18%
Comparison rate* p.a.
6.95%
Australian Credit Licence 364340
Product info
New Car Loan
Via broker
$10k to $300k
1 to 7 years
Fixed Rate
Interest rate p.a.
6.29%
up to 24.99%
Comparison rate* p.a.
7.41%
Australian Credit Licence 511803
Product info
New Car Loan - Home Owner Special
Real Time Rating™
$5k to $150k
3 to 7 years
Variable Rate
Secured
Interest rate p.a.
6.24%
Comparison rate* p.a.
7.36%
Australian Credit Licence 395219
Product info
Product data updated on 19 Apr 2024