The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $999,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $1,000,000 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 $150,000 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 $150,000 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 owner occupier taking out a interest only loan between $50,000 and $149,999 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $999,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $1,000,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $149,999 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $50,000 and $149,999 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $150,000 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% | $150,000 | $999,999 |
| | Owner Occupier | Principal & Interest | < 80% | $1,000,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $150,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | < 95% | $50,000 | $149,999 |
| | Owner Occupier | Interest Only | < 95% | $50,000 | $149,999 |
| | Owner Occupier | Interest Only | < 80% | $150,000 | $999,999 |
| | Owner Occupier | Interest Only | < 80% | $1,000,000 | $2,000,000 |
| | Investor | Principal & Interest | < 80% | $50,000 | $149,999 |
| | Investor | Interest Only | < 80% | $50,000 | $149,999 |
| | Investor | Principal & Interest | < 80% | $150,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $150,000 | $2,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000 $999,999
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $1,000,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $150,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $50,000 $149,999
Owner Occupier (Interest Only)
LVR < 95%
Loan: $50,000 $149,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $150,000 $999,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $1,000,000 $2,000,000
Investor (Principal & Interest)
LVR < 80%
Loan: $50,000 $149,999
Investor (Interest Only)
LVR < 80%
Loan: $50,000 $149,999
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000 $2,000,000
Investor (Interest Only)
LVR < 80%
Loan: $150,000 $2,000,000
On the prowl for a low cost home loan with some nifty features? ING’s Mortgage Simplifier has competitive interest rates starting from 2.45% p.a. (2.48% comparison rate*) for loans over $1 million, with no monthly or annual service fees and no upfront application fee. Combine this with the home loan’s free extra repayments and redraw facility and you’ve got yourself a nice blend of low rates and flexibility.
Whether you’re an owner occupier or investor, the ING Mortgage Simplifier has pretty low variable interest rates. For owner occupiers, loans from $150,000 and under $1 million start from 2.49% p.a. (2.52% comparison rate*) while those over $1 million start at 2.45% (2.48% comparison rate*). For investors, loans from $150,000 to $2 million start from 2.64% (2.67% comparison rate*).
You can borrow from $50,000 up to $2 million, and the amount you borrow, as well as your LVR will determine the interest rate you get.
The loan is available to owner occupiers with an LVR up to 90% (which means a 10% deposit) and investors with an LVR up to 80% (a 20% deposit), but don’t forget if you have less than a 20% deposit (an LVR higher than 80%), you'll need to budget for Lenders Mortgage Insurance.
An innovative feature that comes with the Mortgage Simplifier is its everyday round up for home loans. Linking your Orange Everyday Account to your home loan means you’ll get free ATM access Australia-wide. Plus, you can also round up ING Orange Everyday Card purchases to the nearest $1 or $5 and then the difference is paid from your Orange Everyday account to help pay down your mortgage. Another feature is the option to have a split account between fixed and variable rates, but take note that the Mortgage Simplifier doesn’t come with an offset account.
You can also have flexibility in choosing between fortnightly or monthly repayments. Plus, if you’re looking to pay your loan off quicker you can make additional payments through the extra repayments facility for free and if it comes down to it, you can access those funds again through the redraw facility (minimum redraw amount for as little as $1).
There are also no application, valuation, legal or service fees, although you will need to keep an eye out for the $299 settlement and $250 discharge fee.
If you're already an ING customer, you'll get the benefit of their sweep tool, so even though it’s a great deal for anyone it's particularly great for existing ING customers
Although it’s not a dealbreaker, if you are on the hunt for a home loan with an offset account, that’s one significant feature missing from this loan.
2.49% p.a.
n/a
n/a
n/a
2.52% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$150,000
$999,999
none
80.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
2.45% p.a.
n/a
n/a
n/a
2.48% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$1,000,000
$2,000,000
none
80.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
2.59% p.a.
n/a
n/a
n/a
2.62% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$150,000
$2,000,000
80.00%
90.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
3.00% p.a.
n/a
n/a
n/a
3.03% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$150,000
$2,000,000
90.00%
95.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
3.92% p.a.
n/a
n/a
n/a
3.94% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$50,000
$149,999
none
95.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
4.45% p.a.
n/a
n/a
n/a
4.47% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$50,000
$149,999
none
95.00%
Owner Occupier
Interest Only
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
3.54% p.a.
n/a
n/a
n/a
3.57% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$150,000
$999,999
none
80.00%
Owner Occupier
Interest Only
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
3.50% p.a.
n/a
n/a
n/a
3.53% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$1,000,000
$2,000,000
none
80.00%
Owner Occupier
Interest Only
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
4.00% p.a.
n/a
n/a
n/a
4.02% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$50,000
$149,999
none
80.00%
Investor
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
4.45% p.a.
n/a
n/a
n/a
4.47% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$50,000
$149,999
none
80.00%
Investor
Interest Only
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
2.64% p.a.
n/a
n/a
n/a
2.67% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$150,000
$2,000,000
none
80.00%
Investor
Principal & Interest
Fortnightly, Monthly
yes - free
none
yes
$1.00
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.
3.04% p.a.
n/a
n/a
n/a
3.07% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$299.00
n/a
$0.00
$250.00
$150,000
$2,000,000
none
80.00%
Investor
Interest Only
Fortnightly, Monthly
yes - free
none
yes
$1.00
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 was initially concerned by not having the ability to go into a Branch due to ING not having any physical branches; however their online and phone customer service is on par if not better than other banks I have dealt with at the Branch level.
Read full reviewI was initially concerned by not having the ability to go into a Branch due to ING not having any physical branches; however their online and phone customer service is on par if not better than other banks I have dealt with at the Branch level.
When I asked for a rate reduction, I was given this but it was very small. I would have got a better deal if I refinanced.
Read full reviewWhen I asked for a rate reduction, I was given this but it was very small. I would have got a better deal if I refinanced.
I have all my accounts in one and ING are fee free. Love it.
Read full reviewI have all my accounts in one and ING are fee free. Love it.
They used to be very competitive about five years ago - similar interest rate at the time to the basic loans from the big four, but much better features. Now, the rest of the industry has caught up and done so with a lower interest rate.
Read full reviewThey used to be very competitive about five years ago - similar interest rate at the time to the basic loans from the big four, but much better features. Now, the rest of the industry has caught up and done so with a lower interest rate.
Overall useful service, but competitiveness has dropped year over year. I feel like there's always something being taken away, or an interest rate cut not passed on in full. I have discussed leaving, and they can't match the competition, but have high fees for me to leave.
Read full reviewOverall useful service, but competitiveness has dropped year over year. I feel like there's always something being taken away, or an interest rate cut not passed on in full. I have discussed leaving, and they can't match the competition, but have high fees for me to leave.
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
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3.34% p.a.
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1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.18% p.a.
fixed 3 years
3.62% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
$0.00
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.
