Loan Fees and Charges

New loans

Currently Indigenous Business Australia (IBA) does not charge a loan application fee or a professional fee for mortgage preparation.

Existing loans

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.

For more information

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