ING Fixed Rate Loan

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%

The details shown below are for an investor taking out a principal & interest, interest only loan between $50,000 and $2,000,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $50,000 $2,000,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 80%

    Loan: $50,000 $2,000,000

3.93% p.a.

4.59% p.a.

$0.00

ING Fixed Rate Loan

3.93% p.a.

4.59% p.a.

$0.00

4.55% p.a.

5.39% p.a.

$0.00

ING Fixed Rate Loan

4.55% p.a.

5.39% p.a.

$0.00

Mozo Review   ING Fixed Rate Loan Review

Last updated: 13 April 2018.

What's hot:
  • Low 3.93% fixed rate for 3 years

  • No ongoing fees

What's not:
  • No redraw or repayment holidays

Mozo snapshot:

The ING Fixed Rate Loan is available for borrowers that want to lock in a rate for 1 - 5 years, with no ongoing fees. Plus, it also comes with the flexibility of an extra repayments facility and free redraws up to $10,000p.a. 

Key features:

Whether you want rate certainty for a short period or while rates are you want to lock in for a longer period the ING Fixed Rate Loan is worth considering. For owner occupiers the 1 year rate is 3.68% and 2 year rates are 3.82%, the 3 year rate is 3.93%. If you are looking and locking in for longer, the 4 year rate is 4.02% and if you want to lock away for 5 years the rate is 4.08%. 

Start looking through the property pages for your dream home. The maximum loan amount is $2 million and you can borrow up to 95% of the property value (80% for investors).

Because you have locked in your rate for a set period your repayments won't change but if you do find yourself with some spare cash or a lump sum you can make extra repayments with the Fixed Rate Home Loan up to $10,000 p.a. The only downside to this is that any extra repayments can't be redrawn so only do this if you know you're not going to need the money at a later point in the fixed loan period.
Who it's good for:

Borrowers who are looking to take advantage of the low rate environment to lock in their repayments.

Any catches?

There is an optional rate lock in feature with the fixed rate loan which comes with the pricetag of $749. This means that you can protect yourself from the rate rising between when you apply and when you settle the loan. A great feature worth paying for when rates are increasing but not so when rates are steady or likely to drop.  

Details

Rates and fees information correct as at 16 August 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.68% (4.72%*)

  • 3.82% (4.64%*)

  • 3.93% (4.59%*)

  • 4.02% (4.56%*)

  • 4.08% (4.53%*)

  • (*)

  • (*)

  • 4.80% p.a.

Fees
  • $499.00

  • none

  • none

  • $299.00

  • none

  • $0.00

  • $250.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 95.00%

Features
  • Fortnightly, Monthly

  • yes - free up to $10,000 pa

  • none

  • no

  • none

  • yes

  • no

  • none

  • none

Details

Rates and fees information correct as at 16 August 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.32% (5.56%*)

  • 4.37% (5.45%*)

  • 4.55% (5.39%*)

  • 4.69% (5.35%*)

  • 4.90% (5.37%*)

  • (*)

  • (*)

  • 5.15% p.a.

Fees
  • $499.00

  • none

  • none

  • $299.00

  • none

  • $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

  • none

  • none

Customer Reviews

How are ING home loans rated by the Mozo community?

Overall customer rating
8.1/10

Based on 185 ING home loan reviews

Price
7.8/10
Features
7.5/10
Customer service
7.8/10
Convenience
7.6/10
Trust
7.9/10

Latest reviews of ING Fixed Rate Loan

  • Overall
    8/10
    Easy to follow process

    I Like that have been able to use any ATM without fees for sometime now, the convenience of...

    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

    Liz | SA

    15 Feb 2018

  • Overall
    9/10
    Great

    They are great - the best bank I've ever used

    They are great - the best bank I've ever used

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    9/10

    Daniel | QLD

    29 Mar 2016

  • Overall
    7/10
    Very competitive rates

    Very helpful staff. Always happy to review interest rate to keep business.

    Very helpful staff. Always happy to review interest rate to keep business.

    Price
    7/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Leesa | SA

    11 Feb 2016

  • Overall
    7/10
    Competitive rates and reasonable fees

    I've had a home loan with ING for 3 years and am completely satisfied. I previously had a loan...

    I've had a home loan with ING for 3 years and am completely satisfied. I previously had a loan with another bank and had a disappointing experience, I couldn't wait until the loan term was over and I could join ING. They have always been very helpful with my home loan and even phoned me the other day to ask if I was still satisfied with the product. Very friendly and helpful staff!

    Price
    6/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Natasha | NSW

    24 Nov 2015

  • Overall
    9/10
    Great service

    Have been with ING since 2005, nothing but positive comments! Great customer service, even...

    Have been with ING since 2005, nothing but positive comments! Great customer service, even though there is no office in SA!

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    9/10

    Martin | SA

    13 Jan 2016

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

*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.