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 3.79% and 2 year rates are 3.89%, the 3 year rate is 3.99%. 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).
Who it's good for:
Borrowers who are looking to take advantage of the low rate environment to lock in their repayments.
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.