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ING Fixed Rate Loan

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 90%
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 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%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $149,999 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 80%

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%-90% $50,000 $2,000,000
Owner Occupier Principal & Interest 90%-95% $50,000 $2,000,000
Investor Principal & Interest < 80% $50,000 $2,000,000
Owner Occupier Principal & Interest 90%-95% $50,000 $2,000,000
Owner Occupier Principal & Interest 90%-95% $50,000 $149,999
Investor Interest Only < 80% $50,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $50,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-90%
    Loan: $50,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR 90%-95%
    Loan: $50,000 $2,000,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $50,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR 90%-95%
    Loan: $50,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR 90%-95%
    Loan: $50,000 $149,999
  • Investor (Interest Only)
    LVR < 80%
    Loan: $50,000 $2,000,000
Fixed 3 year rate
6.09% p.a.
Comparison Rate
6.15% p.a.
Service fee
$0.00
Upfront fee
$798
Talk to a broker
Fixed 3 year rate
6.19% p.a.
Comparison Rate
6.36% p.a.
Service fee
$0.00
Upfront fee
$798
Fixed 3 year rate
6.69% p.a.
Comparison Rate
6.35% p.a.
Service fee
$0.00
Upfront fee
$798
Fixed 3 year rate
6.14% p.a.
Comparison Rate
6.27% p.a.
Service fee
$0.00
Upfront fee
$798
Fixed 3 year rate
6.64% p.a.
Comparison Rate
6.70% p.a.
Service fee
$0.00
Upfront fee
$798
Fixed 3 year rate
5.94% p.a.
Comparison Rate
5.71% p.a.
Service fee
$0.00
Upfront fee
$798
Fixed 3 year rate
6.29% p.a.
Comparison Rate
6.31% p.a.
Service fee
$0.00
Upfront fee
$798

Mozo editorial review ING Fixed Rate Loan - last updated: 26 April 2024

binocular icon
What's hot
  • 6.09% p.a. (6.15% p.a. comp rate*) 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 to 5 years with no ongoing fees. Plus, you'll have the flexibility to make extra repayments up to $10,000 each year. And if you're an ING customer with an Orange Everyday Transaction Account, not only will you benefit from lower rates, but you can use the Everyday Round Up feature to chip away at your mortgage balance without lifting a finger.

key icon
Key features

Whether you want rate certainty for a short period or you want to lock in for a longer period the ING Fixed Rate Loan is worth considering. 

Terms range from 1 to 5 years, with rates as low as 6.39% p.a. (6.19% p.a. comp rate*) available on 1-year terms and 6.29% p.a. (6.23% p.a. comparison rate*) available on 5-year terms when you have an LVR below 80%. Plus, if you're an ING customer with an Orange Everyday Transaction Account, you'll knock 0.10% off each of those rates. 

Alternatively, if you're after an interest-only fixed rate home loan, ING has just announced new IO offers for its 1 - 5 year terms for properties with LVRs below 80%, starting with 3-year terms at 6.69% p.a. (6.35% p.a. comparison rate*). Plus, the Orange Everyday Transaction Account discount still applies! Score. 

You'll be able to borrow up to $2 million and up to 95% of a property's value (80% for investors), but bear in mind rates will increase if your deposit is smaller. You can also choose between making monthly or fortnightly loan repayments. 

If find yourself with a lump sum you'd like to put towards your loan, you can make extra repayments up to $10,000 p.a. The main downside to this is that any extra repayments can't be redrawn so you'll need to be confident you won't need the money at a later point in the fixed period.

You can also link this loan up to your ING Orange Everyday Transaction Account and use the Everyday Roundup feature, which rounds your daily purchases to the nearest $1 or $5 and directs that spare change towards your mortgage.

There are a few fees to be aware of with this one, namely the $499 application fee and $299 settlement fee.

snapshot
Who is it good for

If you like the idea of having set home loan repayments for the next 1 to 5 years, but still want a bit of flexibility to pay your loan down faster, then the ING Fixed Rate Home Loan could be a good fit.

question icon
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 13 July 2024. 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

6.39% (6.19%*)

6.19% (6.17%*)

6.09% (6.15%*)

6.29% (6.22%*)

6.29% (6.23%*)

n/a

n/a

6.14% p.a.

Fees

$499.00

$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

none

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 13 July 2024. 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

6.49% (6.43%*)

6.29% (6.40%*)

6.19% (6.36%*)

6.39% (6.42%*)

6.39% (6.42%*)

n/a

n/a

6.39% p.a.

Fees

$499.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$2,000,000

80.00%

90.00%

Features

Fortnightly, Monthly

yes - free up to $10,000 pa

none

no

none

yes

no

none

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 13 July 2024. 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

6.79% (6.28%*)

6.69% (6.31%*)

6.69% (6.35%*)

6.79% (6.43%*)

6.79% (6.47%*)

n/a

n/a

6.14% p.a.

Fees

$499.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$2,000,000

90.00%

95.00%

Features

Fortnightly, Monthly

yes - free up to $10,000 pa

none

no

none

yes

no

none

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 13 July 2024. 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

6.44% (6.33%*)

6.24% (6.31%*)

6.14% (6.27%*)

6.34% (6.33%*)

6.34% (6.34%*)

n/a

n/a

6.29% p.a.

Fees

$499.00

$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

none

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 13 July 2024. 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

6.94% (6.74%*)

6.74% (6.73%*)

6.64% (6.70%*)

6.84% (6.77%*)

6.84% (6.78%*)

n/a

n/a

6.69% p.a.

Fees

$499.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$2,000,000

90.00%

95.00%

Features

Fortnightly, Monthly

yes - free up to $10,000 pa

none

no

none

yes

no

none

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 13 July 2024. 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

6.24% (5.68%*)

6.04% (5.70%*)

5.94% (5.71%*)

5.99% (6.11%*)

6.09% (6.14%*)

n/a

n/a

7.70% p.a.

Fees

$499.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$149,999

90.00%

95.00%

Features

Fortnightly, Monthly

yes - free up to $10,000 pa

none

no

none

yes

no

none

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 13 July 2024. 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

6.59% (6.35%*)

6.39% (6.33%*)

6.29% (6.31%*)

6.49% (6.38%*)

6.49% (6.40%*)

n/a

n/a

6.59% p.a.

Fees

$499.00

$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

none

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
8.7/10
Price
7.6/10
Features
7.1/10
Customer service
7.7/10
Convenience
7.2/10
Trust
7.7/10
Based on 768 ING home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of ING Fixed Rate Loan Home Loan

About ING

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ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

$0.00

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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Greater Bank

Great Rate Home Loan

6.19% p.a. variable

6.21% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

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HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a. variable

6.21% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a.

6.21% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% 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.

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