The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 95%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $50,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 80%-95% | $50,000 | $2,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $50,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $50,000 $2,000,000
For those looking for the security that comes with locking in a favourable home loan rate, the 2020 Mozo Experts Choice Award winning ING Fixed Rate Loan is a real contender. It offers a seriously competitive 2.04% 3 year fixed rate (3.60% comparison rate), scratches ongoing transaction fees, and provides further benefits when combined with an ING Orange Everyday transaction account or Orange Advantage variable home loan.
The ING Fixed Rate Loan (Owner Occupiers with Orange Advantage) can be taken out on loans of $50,000 up to $2,000,000. You can choose fixed rate periods of between 1 - 5 years, but the interest rates vary depending on the loan term. The most competitive rate is the three year rate at 2.04% p.a. (3.60% comparison rate). See product details panel below for other terms.
There are no upfront or ongoing fees, and customers can make extra repayments of up to $10,000 p.a. without incurring any costs. However, there isn’t a redraw facility for this home loan, meaning you won’t be able to tap into those extra repayments if you need the funds down the track.
This loan must be combined with an Orange Everyday variable home loan, but the duality provides a discount of 0.10% on the advertised fixed rate. More bonus fun comes along with the linked Orange Everyday transaction account. You’ll receive all the standard benefits of the product (free ATMs across the country and rebates on ING international transactions and ATM use) plus the everyday roundup feature, which brings all your account transactions to the nearest $1 or $5 and transfers the leftovers to your home loan balance for extra micro repayments.
Repayments can be made fortnightly or monthly, so you’ve got some flexibility around when you’re parting with your hard-earned cash. With each repayment, you’ll be chipping away at the loan principal, as interest-only repayments are not currently available on any of ING's owner occupied fixed rate loans. At the end of the fixed rate period, you’ll be rolled over to the ING Orange Advantage variable home loan, so be sure to shop around and make sure this is the most competitive rate and convenient loan for your circumstances.
The ING Fixed Rate Loan is made for any prospective homeowners looking to lock in a rate and be sure about their regular repayment schedule, with some flexibility to make extra contributions.
You can lock in your fixed rate up to 90 days prior to your loan settlement to avoid rising interest rates, but a one-off fee of $749 applies. It could be a quick save if rates are in flux while your loan is being processed.
n/a
n/a
n/a
n/a
2.19% (3.95%*)
2.09% (3.77%*)
2.04% (3.60%*)
1.99% (3.43%*)
2.19% (3.37%*)
n/a
n/a
4.10% p.a.
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$50,000
$2,000,000
none
80.00%
Fortnightly, Monthly
yes - free up to $10,000 pa
none
no
none
yes
no
Must be combined with an Orange Advantage variable home loan.
Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance.
none
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.
n/a
n/a
n/a
n/a
2.29% (3.96%*)
2.19% (3.79%*)
2.14% (3.62%*)
2.09% (3.46%*)
2.29% (3.41%*)
n/a
n/a
4.10% p.a.
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$50,000
$2,000,000
80.00%
95.00%
Fortnightly, Monthly
yes - free up to $10,000 pa
none
no
none
yes
no
Must be combined with an Orange Advantage variable home loan.
Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance.
none
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.
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.
Clear communication, always competitive, easy to deal with.
Read full reviewClear communication, always competitive, easy to deal with.
I like ING bank as their customer service which has been outstanding for us, products on offer are fairly pretty good but there's is never any pressure which is why iwe rate ING so highly.
Read full reviewI like ING bank as their customer service which has been outstanding for us, products on offer are fairly pretty good but there's is never any pressure which is why iwe rate ING so highly.
ING have a very competitive offering, and their app is easy to use and lets you set up multiple accounts as well.
Read full reviewING have a very competitive offering, and their app is easy to use and lets you set up multiple accounts as well.
Being a longstanding banking customer and after being conditionally approved for a mortgage to suck us in, ING ran us around and then let us down on finance. This meant we missed our finance deadline finding out a day before the clause was due. After being told everything was good right up till then we have been quite upset. According to a broker I found out after that they are assessing you at at much higher rates. (Something like 8% compared to 5.5% at the other banks). Poor communication, lack of understanding for clients position has taken me from a strong promoter of ING to a major detractor and I would not recommend anyone deal with them.
Read full reviewBeing a longstanding banking customer and after being conditionally approved for a mortgage to suck us in, ING ran us around and then let us down on finance. This meant we missed our finance deadline finding out a day before the clause was due. After being told everything was good right up till then we have been quite upset. According to a broker I found out after that they are assessing you at at much higher rates. (Something like 8% compared to 5.5% at the other banks). Poor communication, lack of understanding for clients position has taken me from a strong promoter of ING to a major detractor and I would not recommend anyone deal with them.
ING is part of the ING Group, one of the world's largest financial institutions, but it isn't like other banks. ING pioneered branch-less banking in Australia, getting rid of branches and passing on the savings to customers in the form of better rates and lower fees. From high interest savings accounts and term deposits to low rate home loans, ING aims to keep your banking simple.
See ING home loans
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2.47% p.a.
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2.76% p.a.
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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.
