ING Fixed Rate Loan

4.09% p.a.

4.56% p.a.

$0.00

4.39% p.a.

5.34% p.a.

$0.00

ING Fixed Rate Loan Review

Rates and fees information correct as at 13 December 2017.

Review published: 25 July 2014

What's hot:

  • Low 4.09% 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 and 2 year rates are 4.19% and 4.14%, the 3 year rate is 4.09%. If you are looking and locking in for longer, the 4 year rate is 4.44% and if you want to lock away for 5 years the rate is 4.29%. 

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.  

How are ING home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.1

Based on 185
ING home loans reviews

7.8 7.5 7.8 7.6 7.9

Read ING home loan reviews by the Mozo community

Latest reviews of ING Fixed Rate Loan

ING

ING Fixed Rate Loan (Owner Occupier) home loan review

Overall rating   9 / 10

Great

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

Full review

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

Less

Daniel (QLD), reviewed over 1 year ago

ING

ING Fixed Rate Loan (Owner Occupier) home loan review

Overall rating   7 / 10

Very competitive rates

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

Full review

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

Less

Leesa (SA), reviewed almost 2 years ago

ING

ING Fixed Rate Loan (Owner Occupier) home loan review

Overall rating   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 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...

Full review

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

Less

Natasha (NSW), reviewed about 2 years ago

ING

ING Fixed Rate Loan (Owner Occupier) home loan review

Overall rating   9 / 10

Great service

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

Full review

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

Less

Martin (SA), reviewed almost 2 years ago

ING

ING Fixed Rate Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Great product

Great features , able to pay all bills by Visa and not get charged any surcharge.

Full review

Great features , able to pay all bills by Visa and not get charged any surcharge.

    Price   7 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Ken (QLD), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.19% (4.68%*)

  • 4.14% (4.62%*)

  • 4.09% (4.56%*)

  • 4.44% (4.64%*)

  • 4.29% (4.56%*)

  • (*)

  • (*)

  • 4.70% 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

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.24% (5.55%*)

  • 4.34% (5.44%*)

  • 4.39% (5.34%*)

  • 4.59% (5.32%*)

  • 4.49% (5.20%*)

  • (*)

  • (*)

  • 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

About ING

ING DIRECT is part of the ING Group, one of the world's largest financial institutions, but it isn't like other banks. ING DIRECT 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 DIRECT aims to keep your banking simple.

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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