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Secured Personal Loan

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I want to borrow

Loan Term

years

Repayment Frequency

Secured Personal Loan Pros and Cons

Pros:
  • No ongoing fees
  • No early exit penalty
  • Can apply online
  • Can apply in branch
Cons:
  • Application fee charged
  • Requires security to be held

IMB Bank Secured Personal Loan Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$250
Ongoing Fee
Ongoing Fee
$0
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$250
Ongoing Fee
Ongoing Fee
$0
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Restrictions
age of car used as security must be less than or equal to 6 years old

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Interest Rates
Advertised Rate
Advertised Rate
7.99%
fixed
Advertised Rate
From
12.99%
fixed
Advertised Rate
From
6.99%
fixed
Advertised Rate
From
8.10%
fixed
Comparison Rate
Comparison Rate
8.35%
Comparison Rate
14.20%
Comparison Rate
7.69%
Comparison Rate
9.36%
Monthly Repayment
Monthly Repayment
$608
Monthly Repayment
$682
Monthly Repayment
$594
Monthly Repayment
$610
Total Repayments
Total Repayments
$36,480
Total Repayments
$40,920
Total Repayments
$35,640
Total Repayments
$36,600
Loan amount
Loan amount
$10k to $100k
Loan amount
From $4k
Loan amount
$5k to $70k
Loan amount
$5k to $50k
Suitable For
Student Loan
Student Loan
Student Loan
Student Loan
Student Loan
Shares
Shares
Shares
Shares
Shares
Loan Fees
Upfront Fee
Upfront Fee
$250
Upfront Fee
$250
Upfront Fee
$500
Upfront Fee
3%
of loan amount
Ongoing Fee
Ongoing Fee
$0
Ongoing Fee
$13 monthly
Ongoing Fee
$0
Ongoing Fee
$0
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Early Exit Penalty Fee
$300
Early Exit Penalty Fee
$0
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$25
Missed Payment Penalty
$35
Missed Payment Penalty
$15
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
$0
Redraw Activation Fee
N/A
Redraw Activation Fee
N/A
Redraw Activation Fee
N/A
Loan Profile
Loan Type
Loan Type
Secured
Loan Type
Secured
Loan Type
Unsecured
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by vehicle
Secured by vehicle
Secured by vehicle
Security by bank deposits
Security by bank deposits
Security by bank deposits
Security by bank deposits
Security by bank deposits
Features Flexibilities
Redraw Facility
Redraw Facility
Redraw Facility
Redraw Facility
Redraw Facility
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IMB Bank was established in 1880 as the Illawarra Mutual Building Society. It offers secured and unsecured personal loans for a variety of different purposes, as well as home loans, credit cards, and other banking and insurance services. 

IMB has branches in Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. IMB customers can also receive service via mobile home loan specialists, a network of ATMs, and free phone and internet banking.

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