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  4. Secured Personal Loan

Secured Personal Loan

  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees

Interest rate p.a.

6.84%

Comparison rate* p.a.

7.19%

Secured Personal Loan

  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees

Interest rate p.a.

6.84%

Comparison rate* p.a.

7.19%

Calculate your repayments for this loan

$

Your estimated repayment

$592

based on 30000 loan amount for 5 years at 6.84%

Pros and Cons

For Secured Personal Loan

Benefits

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Use the loan for any worthwhile purpose

Drawbacks

  • Higher than average application fee

IMB Bank Rate Personal Loan overview

For Secured Personal Loan

Details

Total repayments
Interest rate type

Fixed

Borrowing range

$2k - $75k

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Monthly, Weekly, Fortnightly

Target Market Determination

Visit IMB Limited to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

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

Debt consolidation

Renovation

Holidays

Medical bill

Shares

Student loan

Wedding

Other Restrictions

age of car used as security must be less than or equal to 6 years old

FAQs