Loan Fees and Charges
Currently Indigenous Business Australia (IBA) does not charge a loan application fee or a professional fee for mortgage preparation.
If loan repayments are not paid by the due date, a Late Payment Administration Fee of $20 may be charged.
A Security Dealing Fee of $165 is payable where IBA consents to a borrower initiated dealing involving a registered loan security.
A Discharge Fee of $330 is payable on the formal discharge of your IBA mortgage.
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