IMB Bank Unsecured Personal Loan

11.69% p.a.

13.46% p.a.based on $10,000
over 3 years


IMB Bank Unsecured Personal Loan Review

Rates and fees information correct as at 19 August 2018.

Review published: 10 December 2012

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 11.95% interest rate and the option for you to pay out the loan early without penalties.

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. The fees that you will have to pay include a standard $250 upfront fee and if you are late with your repayments you'll be charged a steep $50.

Who it's 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.

Any catches?

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

The Mozo community has not yet rated IMB Bank for this personal loan.


  • Fixed

  • 11.69% p.a. fixed

  • 13.46% p.a.based on $10,000
    over 3 years


  • $250.00

  • $0.00

  • $50.00

  • $0.00

  • $0.00

Other financial bits

  • $2,000.00

  • $30,000.00

  • 1 Year

  • 5 Years

  • Unsecured


  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

About IMB Bank

IMB is one of Australia's largest building society servicing the lower east coast of Australia. IMB's better value banking offers its customers lower cost banking and secure services. IMBs' face-to-face facilities allow them to offer a more personalised service in taking care of the IMB community. IMB offers a range of products including insurance, business banking, term deposits, saving & transaction accounts and home & personal loans.

*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. WARNING: 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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