Finty
IMB Bank

IMB Bank Unsecured Personal loan

UnsecuredFixed rate

Get what you want sooner with an IMB Unsecured Personal Loan. No security required, no ongoing account keeping fees and borrow up to $50,000

Written byDavid Boyd
Interest rate a year, from
9.24%
Comparison rate, from
9.60%
Establishment fee
$250
Monthly fee
Not published
Borrow
$2,000 to $50,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 9.24%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$638
Total repayments
$22,976
Interest
$2,976

Loan details

Rates

Interest rate (a year)
9.24%
Comparison rate (a year)
9.60%
Rate type
Fixed
Security
Unsecured

Limits and fees

Loan amount
$2,000 to $50,000
Loan term
Not published
Establishment fee
$250
Monthly fee
Not published

How it compares

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

9.60%

From 9.60%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$5,300

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$250

A typical setup fee is $213.

Most you can borrow

$50,000

Typically you can borrow up to $50,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 9.24%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

Nothing stands out.

Similar loans

Unsecured loans from other lenders that start at a similar comparison rate.