ING drops its fixed rate to a new low!

Last week, popular online bank, ING, slashed its Fixed Rate (Orange Advantage) home loan 2 year rate to an impressive 2.09% (3.77% comparison rate*). 

This 2 year fixed rate is the joint lowest rate in Mozo’s database, excluding those only available for purchasing a 'green' home. Plus, ING’s 3 year fixed rate was also dropped to an extremely competitive 2.14% (3.62% comparison rate*). 

At the beginning of the month, Mozo’s expert’s rated this fixed home loan as one of the best and presented ING with a 2020 Mozo Experts Choice Award in the Fixed Rate Home Loan category. 

ING joins only two other mortgage lenders in Mozo’s database that offer a 2 year fixed rate this low: Reduce Home Loans and Well Home Loans. 

Want to find out more about ING’s Fixed Rate (Orange Advantage) with its new shiny rate? Check it out below!

^For the full list of winners check out 2020 Mozo Experts Choice Awards for Home Loans. 

RELATED ARTICLE: Fixed rate cut frenzy! Why most lenders aren't slashing variable rates

Want to see how ING’s fixed rate home loan weighs up against the rest? Jump over to our home loan comparison table to check out offers from even more lenders.

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

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