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