Rates and fees verified as correct at 24 January 2022. 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 |
|---|---|---|---|---|---|
| 2.99% p.a. | 3.84% p.a. | $0.00 | $798 | ||
| 3.09% p.a. | 3.86% p.a. | $0.00 | $798 | ||
| 3.54% p.a. | 3.98% p.a. | $0.00 | $798 | ||
| 3.29% p.a. | 4.79% p.a. | $0.00 | $798 | ||
| 3.09% p.a. | 4.35% 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 |
|---|---|---|---|---|---|
| 2.29% p.a. | 2.32% p.a. | $0.00 | $299 | ||
| 2.69% p.a. | 2.72% p.a. | $0.00 | $299 | ||
| 2.69% p.a. | 2.72% p.a. | $0.00 | $299 | ||
| 1.99% p.a. | 2.02% p.a. | $0.00 | $299 | ||
| 1.99% p.a. | 2.02% p.a. | $0.00 | $299 | ||
| 2.79% p.a. | 2.82% p.a. | $0.00 | $299 | ||
| 3.85% p.a. | 3.87% p.a. | $0.00 | $299 | ||
| 3.92% p.a. | 3.94% p.a. | $0.00 | $299 | ||
| 4.30% p.a. | 4.32% p.a. | $0.00 | $299 | ||
| 2.69% p.a. | 2.72% p.a. | $0.00 | $299 | ||
| 2.29% p.a. | 2.42% 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 |
|---|---|---|---|---|---|
| 2.89% p.a. | 3.81% p.a. | $0.00 | $299 | ||
| 2.99% p.a. | 3.84% p.a. | $0.00 | $299 | ||
| 3.95% p.a. | 3.95% p.a. | $0.00 | $299 |
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.34% p.a. | 2.69% p.a. | $299.00 yearly | $299 | ||
| 2.74% p.a. | 3.08% p.a. | $299.00 yearly | $299 | ||
| 2.74% p.a. | 3.09% p.a. | $299.00 yearly | $299 | ||
| 2.04% p.a. | 2.40% p.a. | $299.00 yearly | $299 | ||
| 2.04% p.a. | 2.40% p.a. | $299.00 yearly | $299 | ||
| 4.07% p.a. | 4.39% p.a. | $299.00 yearly | $299 | ||
| 2.84% p.a. | 3.18% p.a. | $299.00 yearly | $299 | ||
| 3.95% p.a. | 4.27% p.a. | $299.00 yearly | $299 | ||
| 4.50% p.a. | 4.82% p.a. | $299.00 yearly | $299 | ||
| 2.74% p.a. | 3.08% p.a. | $299.00 yearly | $299 | ||
| 4.20% p.a. | 4.52% p.a. | $299.00 yearly | $299 | ||
| 2.34% p.a. | 2.70% 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.
750 Reviews
ING used to be OK. Now they are bad. Don’t use them. I have been with them for 5 years and never missed a loan repayment. My home has gone up in value but they won’t let me draw out the equity. I am a good customer, but they are losing me now. Like many other people I know! If you want flexibility with your own equity. DO NOT use ING. If you want a bank that will help you with investment options DO NOT use ING. Take it from me they are the worst bank out there. I am changing banks. Don’t make the same mistake as me!
Read full reviewING used to be OK. Now they are bad. Don’t use them. I have been with them for 5 years and never missed a loan repayment. My home has gone up in value but they won’t let me draw out the equity. I am a good customer, but they are losing me now. Like many other people I know! If you want flexibility with your own equity. DO NOT use ING. If you want a bank that will help you with investment options DO NOT use ING. Take it from me they are the worst bank out there. I am changing banks. Don’t make the same mistake as me!
Communication is ING's down-fall and for that, they have completely lost my trust. Their service and mechanisms to receive it are appalling (no case continuity, repeated requests to send the same documentation, new consultants every call despite the 1 application, and generally long wait times in comparison to competitors). I've lost count the amount of times I've had to chase ING for advice or an update, which is so disappointing. I've finally made the decision to re-finance my loan with another institution after 1.5 years and I was gobsmacked how much of a breeze a loan application can be (compared to how it was with ING). Unfortunately though, ING haven't changed and although my refinance has settled with my new financial institution, ING are experiencing 'longer than usual service times', so have actually failed to close my loan account more than a week after settlement (including taking another mortage repayment even though the security is no longer with them). And of course I had to contact them to follow up. Honestly have no words - just stay away. You can negotiate the product features with other financial institutions who actually want you as a customer.
Read full reviewCommunication is ING's down-fall and for that, they have completely lost my trust. Their service and mechanisms to receive it are appalling (no case continuity, repeated requests to send the same documentation, new consultants every call despite the 1 application, and generally long wait times in comparison to competitors). I've lost count the amount of times I've had to chase ING for advice or an update, which is so disappointing. I've finally made the decision to re-finance my loan with another institution after 1.5 years and I was gobsmacked how much of a breeze a loan application can be (compared to how it was with ING). Unfortunately though, ING haven't changed and although my refinance has settled with my new financial institution, ING are experiencing 'longer than usual service times', so have actually failed to close my loan account more than a week after settlement (including taking another mortage repayment even though the security is no longer with them). And of course I had to contact them to follow up. Honestly have no words - just stay away. You can negotiate the product features with other financial institutions who actually want you as a customer.
Without doubt the worst bank i have ever had to deal with. I have been trying to get a mortgage discharged for 2 weeks and despite several follow up calls I: 1. Cannot get any manager to call me regarding my account 2. They have not moved on sending the information to the solicitors to get the paperwork complete. I have had to follow them up DAILY to make sure they are doing their job but despite this still cannot get anyone in a senior position to take a phone call. Do not bank with ING if you value your sanity.
Read full reviewWithout doubt the worst bank i have ever had to deal with. I have been trying to get a mortgage discharged for 2 weeks and despite several follow up calls I: 1. Cannot get any manager to call me regarding my account 2. They have not moved on sending the information to the solicitors to get the paperwork complete. I have had to follow them up DAILY to make sure they are doing their job but despite this still cannot get anyone in a senior position to take a phone call. Do not bank with ING if you value your sanity.
Absolutely do not recommend. They took 6 weeks to decline WITH pre-approval, after repeatedly advising that I would have an answer within 2-5 days. Eventually they declined on 2 facts which were there the whole time - resell time and bushfire risk. Declined the day before the finance clause expired. Almost cost me the deposit. A total joke of a bank. Got the loan from a Broker within 7 days!
Read full reviewAbsolutely do not recommend. They took 6 weeks to decline WITH pre-approval, after repeatedly advising that I would have an answer within 2-5 days. Eventually they declined on 2 facts which were there the whole time - resell time and bushfire risk. Declined the day before the finance clause expired. Almost cost me the deposit. A total joke of a bank. Got the loan from a Broker within 7 days!
Unreliable information. Late with legal documents. Don’t return calls. The list goes on.
Read full reviewUnreliable information. Late with legal documents. Don’t return calls. The list goes on.
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: