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.
Aboriginal and Torres Strait Islander people should be aware that this website may contain images, names and voices of deceased people.

applying for an iba home loan


Preparing for an IBA Home Loan

IBA offers a range of free workshops that can support you in becoming financially prepared for buying your own home. We recommend you start with our Budgeting for Home Ownership workshop and working through our other workshops to learn more.

Register your EOI

When ready, register your interest in applying for an IBA home loan by completing the online Expression of Interest (EOI) form

When completing this form, it is crucial to provide as much accurate information as possible so that we can make an actual assessment of your circumstances.

You'll also have the opportunity to register for myIBA using your provided mobile number. After registering, you will receive a customer identification number by text. 

Keep your number safe to reference your application anytime over the phone.

You can close the EOI after receiving your customer identification number if you can't complete the form in one sitting to finish off in myIBA.

myIBA online portal

Use myIBA to finish off your incomplete EOI.

If you're logging in for the first time, you'll need to set up two security questions from the given menu. You'll need them to reset your password.

Use the login screen's 'Forgotten Password' function to reset your myIBA password by answering your two security questions. 

If you have forgotten the answers to your security questions and can't remember your password, call 1800 107 107 (Option 2) to speak to a team member. 

They can also assist with any queries relating to myIBA and completing the EOI form.

What happens next?

Within 60 days of submitting your EOI, one of our Home Loan Officers will contact you to discuss your circumstance and eligibility. If you are eligible and ready to apply for an IBA home loan, we will add you to the register and you will then be invited to apply for an IBA home loan. As we experience high demand for our home loans and we focus on high customer service, this process might take 3-6 months.

Home loan application

Once you have been invited to apply for an IBA home loan, you will be asked to submit a Home Loan Application and other supporting documents. We will use this information to verify the following information and assess your eligibility for an IBA Home Loan.

We would use this information to verify if the information provided is an accurate representation of your EOI submission using a credit reference check provided by Equifax.  To understand what information is held on file with Equifax, you can request a copy of your credit report from their website by paying a small fee.

We verify your:

  • Identity
  • Aboriginal or Torres Strait Islander descent
  • Income and employment
  • Savings history
  • Rental history
  • Current living costs and expenses
  • Existing assets, debts and liabilities
  • Credit history
  • Any other information relevant to your application.

If you want to know what information about you is held by the credit reference agency used by IBA, you can request a copy by visiting Equifax.

Once the assessment has been completed, and if you successfully meet all the criteria, our staff will advise you of your pre-approval, the amount that you are able to borrow, and you can start looking for a home to buy. It is important that you do not make any offers on a property or enter into a contract of sale until after your loan has been pre-approved by IBA.

As everyone’s circumstances are unique, there may be cases where IBA can only provide you with a loan that covers part of the funds you need to buy a home. In these cases, you will need to borrow the remaining funds to complete your purchase from another lender.

The video below talks about the key documents you'll need when applying.



Get in touch with us

If you have any questions or want to have a yarn with one of our friendly staff about IBA’s home loan process, you can call us on 1800 107 107 or submit an inquiry using our online form.

This information is prepared based on general information. It does not take into account individual financial needs or objectives, and it does not constitute as financial product advice.