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 18 January, 2020. 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 ‡ |
|---|---|---|---|---|---|
| 3.29% p.a. | 4.98% p.a. | $0.00 | $798 | ||
| 3.09% p.a. | 4.53% p.a. | $0.00 | $798 | ||
| 2.94% p.a. | 4.01% p.a. | $0.00 | $798 | ||
| 2.84% p.a. | 3.98% 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 ‡ |
|---|---|---|---|---|---|
| 3.13% p.a. | 3.16% p.a. | $0.00 | $299 | ||
| 4.70% p.a. | 4.72% p.a. | $0.00 | $299 | ||
| 3.84% p.a. | 3.86% p.a. | $0.00 | $299 | ||
| 3.44% p.a. | 3.47% p.a. | $0.00 | $299 | ||
| 4.25% p.a. | 4.27% p.a. | $0.00 | $299 | ||
| 3.79% p.a. | 3.81% p.a. | $0.00 | $299 | ||
| 3.79% p.a. | 3.81% p.a. | $0.00 | $299 | ||
| 3.75% p.a. | 3.78% p.a. | $0.00 | $299 | ||
| 3.03% p.a. | 3.06% p.a. | $0.00 | $299 | ||
| 2.99% p.a. | 3.02% p.a. | $0.00 | $299 | ||
| 3.03% p.a. | 3.06% p.a. | $0.00 | $299 | ||
| 3.33% p.a. | 3.36% p.a. | $0.00 | $299 | ||
| 4.70% p.a. | 4.72% p.a. | $0.00 | $299 | ||
| 4.17% p.a. | 4.19% p.a. | $0.00 | $299 |
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.18% p.a. | 3.52% p.a. | $299.00 yearly | $299 | ||
| 4.90% p.a. | 5.21% p.a. | $299.00 yearly | $299 | ||
| 3.89% p.a. | 4.22% p.a. | $299.00 yearly | $299 | ||
| 3.49% p.a. | 3.82% p.a. | $299.00 yearly | $299 | ||
| 4.45% p.a. | 4.77% p.a. | $299.00 yearly | $299 | ||
| 3.84% p.a. | 4.17% p.a. | $299.00 yearly | $299 | ||
| 3.84% p.a. | 4.17% p.a. | $299.00 yearly | $299 | ||
| 3.80% p.a. | 4.13% p.a. | $299.00 yearly | $299 | ||
| 3.04% p.a. | 3.38% p.a. | $299.00 yearly | $299 | ||
| 3.08% p.a. | 3.42% p.a. | $299.00 yearly | $299 | ||
| 3.08% p.a. | 3.42% p.a. | $299.00 yearly | $299 | ||
| 3.38% p.a. | 3.71% p.a. | $299.00 yearly | $299 | ||
| 4.32% p.a. | 4.63% p.a. | $299.00 yearly | $299 | ||
| 4.80% p.a. | 5.11% p.a. | $299.00 yearly | $299 |
‡ 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.
| 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.
Like most banks ING are quick to increase interest rates when there is a cash rate change but very slow to decrease. You have to threaten to leave them in order to get a rate reduction. Customer service is good, usually don't have to wait too long...
Like most banks ING are quick to increase interest rates when there is a cash rate change but very slow to decrease. You have to threaten to leave them in order to get a rate reduction. Customer service is good, usually don't have to wait too long when calling them and they are always friendly and helpful.
Sheldon, Victoria, reviewed about 1 month ago
Moved home loan to ING 5 years ago and have never had to change. We review our options every year and have not had to change as they always have the best rates!
Moved home loan to ING 5 years ago and have never had to change. We review our options every year and have not had to change as they always have the best rates!
Hailey, Western Australia, reviewed about 1 month ago
ING are fantastic. Never had any problems with them at all. I would recommend them to anyone.
ING are fantastic. Never had any problems with them at all. I would recommend them to anyone.
Melanie, New South Wales, reviewed about 1 month ago
ING is competitive, customer focused and innovative.
ING is competitive, customer focused and innovative.
Marc, New South Wales, reviewed about 1 month ago
Easy loan process. Good products and easy to use app on phone. Competitive fixed rates... variable not so much.
Easy loan process. Good products and easy to use app on phone. Competitive fixed rates... variable not so much.
Deborah, Queensland, reviewed about 2 months ago
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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:
