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IMB Bank Unsecured Personal Loan

Advertiser disclosure
Interest rate from
8.98% p.a.
Comparison rate from
10.72% p.a.based on $10,000
over 3 years
Upfront fee

Mozo editorial review IMB Bank Unsecured Personal Loan - last updated: 4 August 2021

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What's hot
  • No monthly fees
  • No early repayment penalties
What's not
  • $250 Upfront fee
  • $50 late fee
Mozo snapshot

What makes the IMB fixed rate unsecured personal loan stand out from the pack is its competitive 8.98% interest rate (10.72% comparison rate*) and the option for you to pay out the loan early without penalties.

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Key features

The IMB fixed rate unsecured loan is available for loans between $2,000 and $30,000. You can choose the loan term depending on how quickly you can repay the loan from 1 - 5 years.

It's convenient to be able to choose when you'll make your repayments with weekly, fortnightly and monthly options. The IMB fixed rate unsecured loan allows extra repayments for free, which is great if you find you have some extra cash to put towards your loan but you won't be able to redraw any extra repayments as there is no redraw facility.

One of the key features of the IMB fixed rate unsecured loan is that it has no ongoing fees. But that's not to say there are no fees whatsoever. You'll have to budget for the standard $250 upfront fee, and if you're late with your repayments you'll be charged a steep $50.

Who is it good for

The IMB personal loan is good option for anyone who wants the security of a fixed rate but the flexibility to pay back the loan at anytime.

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Any catches

Be sure to automate your payments or you'll be hit with a $50 late payment fee.


Rates and fees information correct as at 20 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


8.98% p.a. fixed

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







Other financial bits



1 Year

5 Years



Weekly, Fortnightly, Monthly





WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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