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 |
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.
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.
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.
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
80.00% |
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$2,000,000 |
|
80.00% |
|
90.00% |
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$2,000,000 |
|
90.00% |
|
95.00% |
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
80.00% |
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$2,000,000 |
|
90.00% |
|
95.00% |
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$149,999 |
|
90.00% |
|
95.00% |
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.
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. |
$499.00 |
|
$0.00 |
|
$0.00 |
|
$299.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
80.00% |
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.
I like this bank as they do try to keep your loyalty if you have done a comparison of fixed rate interest. However I do feel unsure at times that the correct going on mortgage is correct. I really feel I dont have a full comprehension of fixed interest rate is. Also I like the atm fees are waived if withdrawals are done anywhere. Ing bank are helpful but I hate ringing because of Id. I forget password as I dont ring very often. It would be nice to have an actual bank to go into if you have queries. But emails work well.
Read full reviewI like this bank as they do try to keep your loyalty if you have done a comparison of fixed rate interest. However I do feel unsure at times that the correct going on mortgage is correct. I really feel I dont have a full comprehension of fixed interest rate is. Also I like the atm fees are waived if withdrawals are done anywhere. Ing bank are helpful but I hate ringing because of Id. I forget password as I dont ring very often. It would be nice to have an actual bank to go into if you have queries. But emails work well.
Great and easy service. No cons that I have found.
Read full reviewGreat and easy service. No cons that I have found.
Brillian, I have contacted customer service a number of times and they have been very helpful. Rates are competitive much better than the big 4 banks.
Read full reviewBrillian, I have contacted customer service a number of times and they have been very helpful. Rates are competitive much better than the big 4 banks.
I was surprised to see how fast and effective the team was at responding to questions/attending needs, despite the fact that ING does not have a branch anywhere. At first, I truly thought it'd be a hassle to get in touch with someone in case of emergency, but they have proved to be way more fast and efficient than any other bank I used to work with.
Read full reviewI was surprised to see how fast and effective the team was at responding to questions/attending needs, despite the fact that ING does not have a branch anywhere. At first, I truly thought it'd be a hassle to get in touch with someone in case of emergency, but they have proved to be way more fast and efficient than any other bank I used to work with.
ING's online banking is very convenient for our modern lifestyle with no fees for using other banking ATMs. ING's home loan rates are equal to the best around and they are very approachable with great customer service, being contactable 24 hours a day for most if not all services. Very happy with ING.
Read full reviewING's online banking is very convenient for our modern lifestyle with no fees for using other banking ATMs. ING's home loan rates are equal to the best around and they are very approachable with great customer service, being contactable 24 hours a day for most if not all services. Very happy with ING.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
$0.00
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% 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.