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Interest rate changes

Interest rate changes

Posted 02 June 2023

The interest rates for IBA home loans are changing. Rates will increase in response to changes made by the Reserve Bank of Australia (RBA) and based on market conditions.

All impacted customers will be notified, in writing, about the change to their interest rate and loan repayment amount. Interest rate changes will come into effect on 14 June 2023.

We have a range of resources available on our website including workshops to help you manage your loan and build your financial management skills. We also have a video that explains how IBA’s interest rates work.

We’re always here to help. So if you have any concerns about managing your home loan repayments or are experiencing financial difficulty, please contact us to discuss your circumstances.

General inquiries: 1800 107 107 or Financial Hardship: 1800 064 800. Or send us email via this form to arrange for someone to contact you.

The Aboriginal and Torres Strait Islander flag
IBA acknowledges the Traditional Owners of Country throughout Australia and their continuing connection to land, sea, and community. We pay our respects to them and their cultures, to the Elders past, present, and emerging.