ING (formerly ING DIRECT) is the world’s leading direct savings bank and is wholly owned by ING Group. It has held an Australian banking license since 1999 and in that time has become Australia’s Most Recommended Bank with over 1.5 million customers and counting.
ING has financed over 475,000 home loans Australia wide so you can sleep easy knowing that you’re getting first hand expert assistance that is suited to your borrowing needs whether you’re a first home buyer, investor or refinancer.
Rates and fees verified as correct at 20 August, 2017. Other information correct at the time of writing.
If you’re in the market for a home loan with repayment certainty and flexible loan features, ING's Fixed Rate Loan ticks these boxes. The Fixed Rate Loan is ideal if you want to lock in a rate from 1 year to a period up to 5 years and you can choose to make repayments on a fortnightly or monthly basis. It is available from a starting amount of $50,000 and you can borrow up to 95% LVR which means you’ll only need 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 ‡ |
|---|---|---|---|---|---|
| 4.39% p.a. | 5.34% p.a. | $0.00 | $798 | ||
| 3.89% p.a. | 4.51% p.a. | $0.00 | $798 | ||
| 3.79% p.a. | 4.48% p.a. | $0.00 | $299 |
ING’s variable options have everything you’re looking for in a full featured variable home loan and more. There are two variable home loans on offer that are available from a starting amount of $50,000. With ING’s variable home loans you can make unlimited extra repayments without penalty and redraw as you please. If you’re borrowing more than $150,000 you may be eligible for an interest rate discount and further discounts apply if you’re borrowing up to 90% of the property’s value (conditions apply). While you’ll be charged an annual fee for the Orange Everyday account, you can make up for the cost by taking advantage of its money saving features including a 100% offset account, a split loan facility that rewards you with interest rate discounts and a loyalty cash back offer which gets you 1% cash back on your monthly home loan repayments of up to $3,000 (conditions apply).
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.19% p.a. | 4.21% p.a. | $0.00 | $299 | ||
| 5.30% p.a. | 5.32% p.a. | $0.00 | $299 | ||
| 4.84% p.a. | 4.86% p.a. | $0.00 | $299 | ||
| 4.69% p.a. | 4.71% p.a. | $0.00 | $299 | ||
| 4.95% p.a. | 4.97% p.a. | $0.00 | $299 | ||
| 4.29% p.a. | 4.31% p.a. | $0.00 | $299 | ||
| 3.94% p.a. | 3.96% p.a. | $0.00 | $299 | ||
| 3.89% p.a. | 3.92% p.a. | $0.00 | $299 | ||
| 4.70% p.a. | 4.72% p.a. | $0.00 | $299 | ||
| 5.05% p.a. | 5.07% p.a. | $0.00 | $299 | ||
| 4.70% p.a. | 4.72% p.a. | $0.00 | $299 |
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.97% p.a. | 4.29% p.a. | $299.00 yearly | $299 | ||
| 4.75% p.a. | 5.05% p.a. | $299.00 yearly | $299 | ||
| 5.40% p.a. | 5.70% p.a. | $299.00 yearly | $299 | ||
| 4.69% p.a. | 5.00% p.a. | $299.00 yearly | $299 | ||
| 4.54% p.a. | 4.85% p.a. | $299.00 yearly | $299 | ||
| 5.05% p.a. | 5.36% p.a. | $299.00 yearly | $299 | ||
| 4.14% p.a. | 4.46% p.a. | $299.00 yearly | $299 | ||
| 3.79% p.a. | 4.11% p.a. | $299.00 yearly | $299 | ||
| 3.74% p.a. | 4.06% p.a. | $299.00 yearly | $299 | ||
| 4.75% p.a. | 5.05% p.a. | $299.00 yearly | $299 | ||
| 5.15% p.a. | 5.46% p.a. | $299.00 yearly | $299 |
| Discounted interest ratesDiscounted interest rates | With ING’s variable and line of credit loan options you may be able to receive interest rate discounts if you’re borrowing amount is $150,000 or more. Further discounts apply if you’re borrowing up to 90% of the property’s value (conditions apply). |
| Split and saveSplit and save | You can combine your Orange Advantage home loan with the Fixed Rate loan and you’ll received a fixed interest rate discount off the advertised fixed rates. Plus, the fixed rate home loan application fee will be automatically waived. |
| Loyalty cashbackLoyalty cashback | ING’s Orange Advantage home loan has a loyalty cash offer where you can get 1% cash back on your monthly home loan repayments of up to $3,000. You must also have an Orange Everyday bank account and deposit your pay (or more than $1000) a month to be eligible for the offer. |
| Free ATMsFree ATMs | You can withdraw funds from any ATM in Australia for free when you have any ING home loan and an Orange Everyday transaction account. |
Choosing the right home loan is an important investment for your future so it’s good to get a second opinion. Why not the opinion of thousands of Australians that reviewed their home loan provider using Mozo’s rate and review service? Here is how the Mozo community scored ING home loans.
* Overall rating based on reviews in the past 12 months.
I've been with ING Direct for many years now, and have been very pleased with them and would also recommend them to my family and friends.
I've been with ING Direct for many years now, and have been very pleased with them and would also recommend them to my family and friends.
Donna (NSW), reviewed about 2 months ago
Although they promise fast responses, dealing with applications can be tiresome. Once a loan is set up this bank is great but if you want to refinance it is a long drawn out process even for existing customers.
Although they promise fast responses, dealing with applications can be tiresome. Once a loan is set up this bank is great but if you want to refinance it is a long drawn out process even for existing customers.
Anita (TAS), reviewed 7 months ago
Staff are friendly and knowledgeable. Internet banking is also easy to use. Their call centre is located in Australia which is very important for me due to convenience.
Staff are friendly and knowledgeable. Internet banking is also easy to use. Their call centre is located in Australia which is very important for me due to convenience.
Charmaine (QLD), reviewed 7 months ago
Interest rates are too high but they have good customer service.
Interest rates are too high but they have good customer service.
Kym (SA), reviewed 8 months ago
Great customer service, ING's banking app is very user friendly. Can't fault the bank or it's products. Only negatives, no physical branches.
Great customer service, ING's banking app is very user friendly. Can't fault the bank or it's products. Only negatives, no physical branches.
Claire (VIC), reviewed over 1 year ago
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
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:
