ING logo
Mini meca 2020

ING Fixed Rate Loan (Owner Occupiers with Orange Advantage)

Advertiser disclosure

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

  • 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

Fixed 3 year rate
2.04% p.a.
Comparison Rate
3.60% p.a.
Service fee
$0.00
Upfront fee
$299
Fixed 3 year rate
2.14% p.a.
Comparison Rate
3.62% p.a.
Service fee
$0.00
Upfront fee
$299

Mozo editorial review ING Fixed Rate Loan (Owner Occupiers with Orange Advantage)

Last updated: 16 November 2020.

binocular icon
What's hot
  • 2020 Mozo Experts Choice Award
  • 2.04% p.a. fixed three year rate (3.60% comparison rate)
  • Free additional repayments (up to $10,000 per settlement anniversary)
  • No ongoing fees
What's not
  • No repayment holidays
Mozo snapshot

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. 

key icon
Key features

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.

snapshot
Who is it good for

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.

question icon
Any catches

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.

Details

Rates and fees information correct as at 4 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 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.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $299.00

  • n/a

  • $0.00

  • $250.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 80.00%

Features
  • 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.

Details

Rates and fees information correct as at 4 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 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.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $299.00

  • n/a

  • $0.00

  • $250.00

Other financial bits
  • $50,000

  • $2,000,000

  • 80.00%

  • 95.00%

Features
  • 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.

Customer Reviews

How are ING home loans rated by the Mozo community?

Overall
7.8/10

Based on 742 ING home loan reviews

Price
7.7/10
Features
7.1/10
Customer service
7.7/10
Convenience
7.2/10
Trust
7.7/10

Latest reviews of ING Fixed Rate Loan (Owner Occupiers with Orange Advantage)

Thumbnail icon for ING

About ING

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

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

Thumbnail icon for Greater Bank

Greater Bank

Great Rate Home Loan (Fixed)

1.99% p.a.
fixed 3 years

3.35% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a. variable

3.34% p.a.

Thumbnail icon for Greater Bank

Greater Bank

Great Rate Home Loan (Fixed)

1.99% p.a.
fixed 3 years

3.35% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

Thumbnail icon for Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a.

3.34% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced

2.17% p.a.

2.20% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

Thumbnail icon for Greater Bank

Greater Bank

Great Rate Home Loan (Fixed)

1.99% p.a.
fixed 3 years

3.35% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

Thumbnail icon for HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

3.00% p.a.

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.