Rates and fees verified as correct at 18 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
If you’re in the market for a fixed rate home loan that doesn’t skimp on flexibility, the offers from ING could be what you’re after. The Fixed Rate Loan lets you lock in a rate from 1 to 5 years and make repayments on a fortnightly or monthly basis. Loans are available from $50,000 and you’ll be able to borrow up to 95% LVR, meaning you can take out a loan with only a 5% deposit.
There are no application or ongoing monthly fees and you can make up to $10,000 a year in additional repayments without penalty. And if you combine your Fixed Rate Loan with ING's Orange Advantage home loan, you’ll receive a discount on the advertised fixed interest rates. There is also a rate lock feature available which can safeguard you against rising interest rates for up to 90 days prior to the settlement of the loan, but you’ll be charged a one off fee.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.24% p.a. | 3.65% p.a. | $0.00 | $798 | ||
| 2.54% p.a. | 4.65% p.a. | $0.00 | $798 | ||
| 2.34% p.a. | 4.16% p.a. | $0.00 | $798 |
ING’s variable options have everything you’re looking for in a full featured variable home loan. There are two variable home loans on offer that are available from a starting amount of $50,000, and you’ll be able to make unlimited extra repayments and redraw as you please.
While you’ll be charged an annual fee for the Orange Advantage loan, you can make up for the cost by taking advantage of its money saving features including a 100% offset account and a split loan facility that rewards you with interest rate discounts.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.59% p.a. | 2.62% p.a. | $0.00 | $299 | ||
| 3.50% p.a. | 3.53% p.a. | $0.00 | $299 | ||
| 3.54% p.a. | 3.57% p.a. | $0.00 | $299 | ||
| 2.49% p.a. | 2.52% p.a. | $0.00 | $299 | ||
| 2.45% p.a. | 2.48% p.a. | $0.00 | $299 | ||
| 3.00% p.a. | 3.03% p.a. | $0.00 | $299 | ||
| 4.45% p.a. | 4.47% p.a. | $0.00 | $299 | ||
| 3.92% p.a. | 3.94% p.a. | $0.00 | $299 | ||
| 3.04% p.a. | 3.07% p.a. | $0.00 | $299 | ||
| 4.45% p.a. | 4.47% p.a. | $0.00 | $299 | ||
| 2.64% p.a. | 2.67% p.a. | $0.00 | $299 | ||
| 4.00% p.a. | 4.02% p.a. | $0.00 | $299 |
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.14% p.a. | 3.62% p.a. | $0.00 | $299 | ||
| 2.04% p.a. | 3.60% p.a. | $0.00 | $299 |
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.64% p.a. | 2.98% p.a. | $299.00 yearly | $299 | ||
| 3.59% p.a. | 3.91% p.a. | $299.00 yearly | $299 | ||
| 3.55% p.a. | 3.88% p.a. | $299.00 yearly | $299 | ||
| 2.50% p.a. | 2.85% p.a. | $299.00 yearly | $299 | ||
| 2.54% p.a. | 2.89% p.a. | $299.00 yearly | $299 | ||
| 3.05% p.a. | 3.39% p.a. | $299.00 yearly | $299 | ||
| 4.07% p.a. | 4.39% p.a. | $299.00 yearly | $299 | ||
| 4.55% p.a. | 4.86% p.a. | $299.00 yearly | $299 | ||
| 4.65% p.a. | 4.96% p.a. | $299.00 yearly | $299 | ||
| 3.09% p.a. | 3.42% p.a. | $299.00 yearly | $299 | ||
| 4.20% p.a. | 4.52% p.a. | $299.00 yearly | $299 | ||
| 2.69% p.a. | 3.04% p.a. | $299.00 yearly | $299 |
If you have an Orange Everyday account, you’ll be able to take advantage of the round up feature. This rounds up your card purchases to the nearest $1 or $5 and directs the difference towards paying off your Mortgage Simplifier or Orange Advantage loan balance.
If you can combine your Orange Advantage home loan with a Fixed Rate loan, you’ll receive a discount of 0.10% on the advertised fixed rate. Plus, the fixed rate home loan application fee will be automatically waived.
You can withdraw funds from any ATM in Australia for free when you have any ING home loan and an Orange Everyday transaction account. You’ll also receive a rebate on fees from international ATMs (within 5 business days), as well as international transaction fees.
Mozo users have rated ING home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
744 Reviews
ING recently helped us refinance our mortgage, leveraging a lower interest rate, maximising our property worth and putting more money back in our pockets. They were friendly and honest, and handled everything in the transition process from one back to another.
Read full reviewING recently helped us refinance our mortgage, leveraging a lower interest rate, maximising our property worth and putting more money back in our pockets. They were friendly and honest, and handled everything in the transition process from one back to another.
Great for very low to no fees. Rates are fair not fantastic. Customer service is adequate how ever they seem to run off a if you don't ask and we wont tell you anything system. You have to approach them for most things and loyalty doesn't equate to any discounts.
Read full reviewGreat for very low to no fees. Rates are fair not fantastic. Customer service is adequate how ever they seem to run off a if you don't ask and we wont tell you anything system. You have to approach them for most things and loyalty doesn't equate to any discounts.
Great customer service which is available at all hours. Competitive and great alternative to big banks.
Read full reviewGreat customer service which is available at all hours. Competitive and great alternative to big banks.
Very easy and supportive.
Read full reviewVery easy and supportive.
I was initially concerned by not having the ability to go into a Branch due to ING not having any physical branches; however their online and phone customer service is on par if not better than other banks I have dealt with at the Branch level.
Read full reviewI was initially concerned by not having the ability to go into a Branch due to ING not having any physical branches; however their online and phone customer service is on par if not better than other banks I have dealt with at the Branch level.
When you are confident ING is the right lender for you, signing up for one of their home loans is relatively easy and can be done online or offline. Before you get started, ensure you familiarise yourself with the details ING may require by scouring through our handy guide:
The purpose of the loan (i.e. new purchase, investment property or refinance) will generally determine what additional documents you may require. Some of these may include:
