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BUSINESS LOAN Interest rates 


We offer business loans to eligible applicants to contribute to a thriving Indigenous business sector that generates income, employment and skills development for Aboriginal and Torres Strait Islander people.

If you have a business loan with us, the interest payable on your loan facility, including the way interest is calculated, is set out in your facility agreement.

All business loans have a base lending rate which is determined by IBA from time to time by reference to economic and market conditions.  Our base lending rates are set out in the table below.

For business loans, margins will apply to the applicable base lending rate.  The margin is determined based on your individual circumstances and the type of security pledged to support the loan. The margin applicable to your loan facility will be set out in your facility agreement.

Unlike many other lenders, the interest we receive on your loan is not used to generate profits. It is reinvested to enable us to assist more customers to finance their business.

Base Lending Rates for Business Loans

Product Rate Code Base Lending Rate^^
Start Up Packages^SUPN23.50% p.a
Business Loans^BUSN23.50% p.a

^ Base Lending Rates are effective as at 28 February 2024 (and subject to change at any time).      

^^ Interest rate = Base Lending Rate + Margin. 

For Base Lending Rates of loans entered into prior to 9 November 2023, please review your facility agreement or contact your Account Manager for further information.

Business Loan Products 

Read about the finance products IBA offers to assist your business needs.