ING home loans

ING
ING's overall rating for home loans

(as rated by the Mozo community)

7.9 / 10

based on 676 reviews

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 14 November, 2018. Other information correct at the time of writing.

What home loans do ING offer?

Fixed Rate Home Loans Fixed Rate Home Loans

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.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.19% p.a.

5.40% p.a.

$0.00

$798

3.93% p.a.

4.59% p.a.

$0.00

$798

3.83% p.a.

4.57% p.a.

$0.00

$299

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Variable Rate Home Loans Variable Rate Home Loans

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).

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.83% p.a.

3.85% p.a.

$0.00

$299

5.45% p.a.

5.47% p.a.

$0.00

$299

4.59% p.a.

4.61% p.a.

$0.00

$299

4.29% p.a.

4.31% p.a.

$0.00

$299

5.10% p.a.

5.12% p.a.

$0.00

$299

4.13% p.a.

4.15% p.a.

$0.00

$299

4.13% p.a.

4.15% p.a.

$0.00

$299

4.09% p.a.

4.11% p.a.

$0.00

$299

3.73% p.a.

3.76% p.a.

$0.00

$299

3.69% p.a.

3.72% p.a.

$0.00

$299

3.73% p.a.

3.76% p.a.

$0.00

$299

4.03% p.a.

4.05% 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

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Variable Package Home Loan Variable Package Home Loan

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.78% p.a.

4.11% p.a.

$299.00 yearly

$299

5.55% p.a.

5.85% p.a.

$299.00 yearly

$299

4.54% p.a.

4.85% p.a.

$299.00 yearly

$299

4.24% p.a.

4.56% p.a.

$299.00 yearly

$299

5.20% p.a.

5.51% p.a.

$299.00 yearly

$299

4.08% p.a.

4.40% p.a.

$299.00 yearly

$299

4.08% p.a.

4.40% p.a.

$299.00 yearly

$299

4.04% p.a.

4.36% p.a.

$299.00 yearly

$299

3.64% p.a.

3.69% p.a.

$299.00 yearly

$299

3.68% p.a.

4.00% p.a.

$299.00 yearly

$299

3.68% p.a.

4.00% p.a.

$299.00 yearly

$299

3.98% p.a.

5.05% 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

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*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.

‡ 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.

ING home loan features in a glance

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.

How are ING DIRECT home loans rated?

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.

ING home loans

Overall 7.9

Price

Features

Customer service

Convenience

Trust

672 Reviews

Recent ING home loan reviews Recent ING home loan reviews

ING

ING Fixed Rate Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   8 / 10

Easy to follow process

I Like that have been able to use any ATM without fees for sometime now, the convenience of access to someone 24/7 and the professionalism of the bank. They are always helpful.

Full review

I Like that have been able to use any ATM without fees for sometime now, the convenience of access to someone 24/7 and the professionalism of the bank. They are always helpful.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   2 / 10

    Trust   8 / 10

Less

Liz, South Australia, reviewed 9 months ago

ING

ING Fixed Rate Loan (Owner Occupiers with Orange Advantage, Principal & Interest) home loan review

Overall rating   10 / 10

Fabulous and easy

Very easy to use, no problem with help.

Full review

Very easy to use, no problem with help.

    Price   7 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Megan, Victoria, reviewed 11 months ago

ING

ING Orange Advantage (LVR<80%, Owner Occupier, Principal & Interest) (Package) home loan review

Overall rating   8 / 10

Good rates, outstanding focus on customers

I went with ING because they had a good mix of low variable rate with an offset and a low fixed rate. I liked how the Orange Everyday offset account had free ATM withdrawals and was impressed that when the big 4 banks killed ATM fees that ING went...

Full review

I went with ING because they had a good mix of low variable rate with an offset and a low fixed rate. I liked how the Orange Everyday offset account had free ATM withdrawals and was impressed that when the big 4 banks killed ATM fees that ING went out of its way to add free overseas ATM access - not that I'll use it much, but I think that says something very positive about the way ING treats their customers.

    Price   8 / 10

Less

Andrew, New South Wales, reviewed 12 months ago

ING

ING Mortgage Simplifier (Owner Occupier, Principal & Interest) home loan review

Overall rating   8 / 10

Highly recommend ING Direct for mortgages

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.

Full review

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.

    Price   10 / 10

Less

Donna, New South Wales, reviewed over 1 year ago

ING

ING Fixed Rate Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Excellent bank

Beat bank ever for me.

Full review

Beat bank ever for me.

    Price   8 / 10

Less

David, New South Wales, reviewed over 1 year ago

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What do you need to apply for a ING home loan? What do you need to apply for a ING home loan?

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:

  • Completed Verifying Your Identity Form with accompanying identification documents
  • Rates notice
  • Statements for credit/store cards
Income details
  • Most recent payslips, Group Certificate or Taxation Return if you’re a salaried employee.
  • Self employed applicants will need to provide personal and business/company Taxation Returns and financials.

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:

  • Contract of Sale
  • Bank account statements showing savings history
  • Completed application for First Home Owners Grant
  • Letter from Real Estate Agent conforming proposed/existing rental income or lease agreement
  • 6 month home loan statements (if you’re refinancing).
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