7.6/10

Based on 541 IMB Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

IMB Bank personal loans

Dating all the way back to 1880, IMB Bank has been helping Aussies save, spend and budget how they want to for over 135 years, and among its range of financial products IMB offers personal loans to fund help fund everything from holidays and renovations to new car purchases. IMB is also an award winner in the personal loan space, having picked up a 2022 Mozo Experts Choice Personal Loan Award in the best Secured Personal Loan category. 

IMB Bank offers the following personal loans

Rates and fees verified as correct at 16 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Car Loan (up to 4 years old, Fixed, Secured)

6.24% p.a.

6.59% p.a.based on $30,000
over 5 years

$250.00

Personal Line of Credit (Variable, Unsecured)

13.85% p.a.

n/a

$0.00

Secured Personal Loan (secured by vehicle up to 6 years old, Fixed)

6.84% p.a.

7.19% p.a.based on $30,000
over 5 years

$250.00

Unsecured Personal Loan (Fixed)

8.98% p.a.

10.72% p.a.based on $10,000
over 3 years

$250.00

What personal loans does IMB Bank offer?

Unsecured personal loan

Whether you’re dreaming of a fairytale wedding or a tropical getaway, you can make it happen with an unsecured loan from IMB Bank. Borrow between $2,000 and $20,000 and choose a term from 1 - 5 years. It’s a fixed rate loan, so you’ll have set repayments, which you can make on a weekly, fortnightly or monthly basis. You can also make free extra repayments on your loan, and the best part is, there’s no early repayment fee. Just keep in mind there’s an upfront application fee to consider.

Secured personal loan

If you’ve got spending goals to finance and like the peace of mind that comes with fixed monthly repayments, the IMB fixed rate, secured loan is a great option. You can borrow $2,000 - $60,000, for a term of 1 - 5 years, just don’t forget to budget for the upfront application fee. Repayments are made on a monthly basis, and there’s also the option to make extra repayments if you want. But before you decide on this loan, remember that you’ll need to have a vehicle up to 6 years old to put up as security.

New car loan

Is a shiny new set of wheels on your agenda? If you’re buying a car under 2 years old, you can borrow between $2,000 and $75,000 with a new car loan from IMB. This fixed rate loan only gives you the option to make monthly repayments, but you can also choose to make as many free extra repayments as you want, with no early repayment fee. And don’t forget to budget for the upfront application fee!

IMB Bank personal loan features at a glance

  • Fixed rates: All IMB Bank personal loans are fixed rate products, so you can plan your budget knowing that your repayments will be the same each month.
  • Extra repayments: Make unlimited extra repayments on your IMB Bank personal loan.That means you can pay off your loan faster and save on interest - and the best thing about it? There are no early repayment penalties.
  • Fees: Although there is an upfront application fee to consider, the good news is, your IMB Bank personal loan comes with no ongoing fees attached. Also, look out for the hefty late payment fee!

How to apply

When you apply for a loan with IMB Bank, remember that you’ll have to provide some details, including:

  • Your personal details
  • Contact details
  • Financial and employment details
  • Details about which loan you want to take out

How are IMB Bank personal loans rated?

Mozo users have rated IMB Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
IMB Bank personal loans customer reviews
Overall
8.3/10
Price
8.4/10
Features
7.4/10
Customer service
8.8/10
Convenience
8.0/10
Trust
8.4/10
Based on 19 IMB Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent IMB Bank personal loan reviews

IMB Bank Secured Personal Loan
Overall 8/10
Affordable with current costs of living

Was approved for personal loan, it was fair & affordable witj other life expenses.

Read full review

Was approved for personal loan, it was fair & affordable witj other life expenses.

Price
7/10
Features
7/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Lee, New South Wales, reviewed 6 months ago
IMB Bank Secured Personal Loan
Overall 8/10
Great bank, but worse credit reporting Equifax

IMB bank is one of the best banks in Australia, however they need to stop using Equifax a corrupted, incompetent and worse Credit agency in Australia and America. In Australia the have made mistakes on every single Australians meta data credit history in regards to information of their address, previous leading deatols and more mistakes from them which is extremely dangerous. IMB is a great financial institution I have seen, but huge problem they have is using Equifax.

Read full review

IMB bank is one of the best banks in Australia, however they need to stop using Equifax a corrupted, incompetent and worse Credit agency in Australia and America. In Australia the have made mistakes on every single Australians meta data credit history in regards to information of their address, previous leading deatols and more mistakes from them which is extremely dangerous. IMB is a great financial institution I have seen, but huge problem they have is using Equifax.

Price
8/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
8/10
Less
Charlie, New South Wales, reviewed about 1 year ago
IMB Bank Personal Loan
Overall 10/10
Easy

Imb provided me with a personal loan that had a reasonable interest rate, Internet access and the option to pay it out early with out penalty. The loan was approved in a timely and professional manner.

Read full review

Imb provided me with a personal loan that had a reasonable interest rate, Internet access and the option to pay it out early with out penalty. The loan was approved in a timely and professional manner.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kira, New South Wales, reviewed about 9 years ago
IMB Bank Personal Loan
Overall 10/10
Trustworthy bank with excellent service

Trusted bank with excellent service and low interest rates. Easy to use even living outside of the Riverina.

Read full review

Trusted bank with excellent service and low interest rates. Easy to use even living outside of the Riverina.

Price
10/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jonathon, , reviewed almost 10 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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