The interest rates for some IBA home loans are changing 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 15 November 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 interest rates for some of IBA home loans are changing based on market conditions.
All impacted customers have been notified, in writing, about the change to their interest rate and loan repayment amount. Interest rate changes will come into effect on 14 September 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.
Our Corporate Plan 2023-24 is now published.
The plan lays out our key activities and pathways to prosperity alongside Aboriginal and Torres Strait Islander people. By growing our net assets to $2.5 billion over the next five years we will be able to support more than 10,000 Aboriginal and Torres Strait Islander people.
“Managing, growing, and strengthening our asset base is the cornerstone of our mandate. This enables us to invest in significantly more Aboriginal and Torres Strait Islander people over time.”
“Our new strategy and corporate plan will continue to build on this strong foundation by engaging and collaborating with Aboriginal and Torres Strait Islander people, businesses, and communities, and investing in sustainable commercial ventures.” Eddie Fry, IBA Chairperson.
IBA drives financial inclusion and economic empowerment with Aboriginal and Torres Strait Islander people.
Our technical capability as a financial services provider coupled with culturally informed customer service have a positive impact on the lives of many. We will continue to foster a diverse, inclusive, and high-performing team grounded in strong values. 
Our 2028 strategy builds on our 30-year history and experience to focus on the financial wellbeing of Aboriginal and Torres Strait Islander people. Taking a wellbeing approach shows an understanding of where our target outcomes fit within the broader needs of the people we serve.
The strategy and performance framework has four overarching goals:
Investing in these areas ensures we continue to achieve positive economic, social, environmental and cultural impacts for our customers. Collaboration and partnerships will help us expand our impact.
“We know from our own research and customer feedback that demand for our products and services continues to grow. During the next five years, we will facilitate new investment opportunities and new partnership arrangements that increase wealth and assets for Aboriginal and Torres Strait Islander people.” Kirsty Moore, IBA CEO.
You can find our current and previous plans on our website under Corporate Documents.
IBA are constantly looking for new ways to support Aboriginal and Torres Strait Islander people achieve their goals of home ownership, running a business, and investing in their future. In response to the growing housing crisis and some customers being priced out of their local markets, we’ve launched a new product called IBA Shared Equity to complement our IBA Home Loan. 
The IBA Shared Equity product is a finance option provided in combination with an IBA Home Loan. With IBA Shared Equity, you can get up to 35% of the property purchase price, and IBA will provide an IBA Home Loan for the balance (less your deposit).
IBA will not jointly own the property, however, by providing the IBA Shared Equity product to you, IBA will have a share in the property that is equivalent to the percentage of the property purchase price that was financed using the IBA Shared Equity product (up to 35%).
Instead of making repayments on the IBA Shared Equity contribution like you will with your IBA Home Loan, IBA’s Shared Equity contribution amount increases and decreases in line with your property value, with payment or buyout only required at the time you refinance or sell your home.
This means your home loan will be more affordable because your repayments on your IBA Home Loan will be lower than if you had borrowed the full amount you needed to buy your home.
If you refinance or sell your home, IBA receives a percentage of the property value at that time relative to the IBA Shared Equity product, along with the outstanding balance of your IBA home loan.
It’s not for everyone, but for those that may benefit, we can work with you to review whether it’s the right option for you.
Find out more about IBA Shared Equity.
Have you seen the latest IBA e-newsletter?
This special NAIDOC Week edition shares inspiring stories about our amazing customers, along with events, workshops, and of course, information about where to find us during NAIDOC Week!
Check out the stories featuring:
If you’d like a copy direct to your inbox every 2-3 months, you can subscribe to the newsletter here.
Indigenous Business Australia (IBA) signs Memorandum of Understanding (MOU) with Export Finance Australia (EFA) to partner to improve access to financial services and support for Aboriginal and Torres Strait Islander people seeking to pursue export and trade opportunities.
The Hon. Linda Burney MP witnessed the signing of the MOU between IBA and EFA, which commits the agencies to enhance financial offerings to First Nations businesses. IBA CEO Kirsty Moore is proud to have collaborated with EFA’s Managing Director & CEO John Hopkins and his team to improve access and outcomes for First Nations businesses pursuing export and trade opportunities.
IBA’s CEO Kirsty Moore noted, “The MOU establishes a framework for discussion between IBA and EFA to work collaboratively to improve access to financial services and support for Aboriginal and Torres Strait Islander people seeking to pursue export and trade opportunities.”
EFA is the Australian Government’s export credit agency. EFA supports Australia’s trade and infrastructure agenda by providing commercial finance to support Australian exporting businesses and Indo-Pacific infrastructure development.
EFA Managing Director and CEO John Hopkins said, “We recognise the diversity and strength of First Nations businesses, and Export Finance Australia is committed to doing more to support them. This partnership will enable EFA and IBA to combine our expertise to better reach and finance First Nations businesses to grow and realise their export potential.”
The partnership will allow IBA and EFA to assist each other through:
The agreement will also enable both organisations to explore joint learning and development and marketing activities, including events.
Media contacts:
Tara Toohill 02 9207 6362 or tara.toohill@iba.gov.au
Chris Munro 0438 612 341 or chris.munro@exportfinance.gov.au
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.
Has your home or business been impacted by Cyclone Ilsa in WA?
If you have an IBA home loan or a business finance product with us, and have been impacted by cyclone damage, we want to reassure you and your family that IBA is here in times of need.
Our customers impacted by the cyclone can apply for an emergency natural disaster relief grant – $5,000 for IBA business finance customers and/or $2,000 for IBA home loan customers.
All eligible customers should have received a direct link via SMS or email with information about how to apply. Applications must be received by 16 June 2023* and the relief package may be withdrawn prior to this date if funds are exhausted.
Additional information and resource links are below:
Desirae works in our Loan Management Team in our Brisbane Office on Turrbal and Yuggera Country. 
I am a Maori woman who was born in Australia but was raised in Hamilton, New Zealand. I have been working in the collections industry for 13 years. Eventually I ventured to IBA around three years ago and joined the Brisbane Loan management team.
My role here at IBA is a Principal Loan Management Officer. This is a key role within the Loan Management team, building rapport with our borrowers, providing hardship assistance and solutions to support our borrowers to remain in home ownership. In addition to my role, I also facilitate Budgeting and Understanding Credit workshops online and worked 11 months in an acting Assistant Manager role within Loan Management.
I love working at IBA because of the connection to culture, and the values we have align with my own personal beliefs. I especially love the aspect of helping our borrowers, networking and how we continue to find ways to grow as an organisation.
I resonate with dragonflies. The dragonfly has been a symbol of happiness, new beginnings, and change. They are known to only live for one day and are a reminder to live your life to the fullest and make the most of each moment.
Has your home or business been impacted by the flooding in North West Qld?
If you have an IBA home loan or a business finance product with us, and have been impacted by the floods, we want to reassure you and your family that IBA is here in times of need.
Our customers impacted by the floods can apply for an emergency natural disaster relief grant – $5,000 for IBA business finance customers and/or $2,000 for IBA home loan customers.
All eligible customers should have received a direct link via SMS or email with information about how to apply. Applications must be received by 16 June 2023 and the relief package may be withdrawn prior to this date if funds are exhausted.
Additional information and resource links are below:
