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

  • 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

Rate
2.49% p.a.
Comparison Rate
2.52% p.a.
Service fee
$0.00
Upfront fee
$299
Go to site
Rate
2.45% p.a.
Comparison Rate
2.48% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
2.59% p.a.
Comparison Rate
2.62% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
3.00% p.a.
Comparison Rate
3.03% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
3.92% p.a.
Comparison Rate
3.94% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
3.85% p.a.
Comparison Rate
3.87% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
2.94% p.a.
Comparison Rate
2.97% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
2.90% p.a.
Comparison Rate
2.93% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
4.00% p.a.
Comparison Rate
4.02% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
4.30% p.a.
Comparison Rate
4.32% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
2.64% p.a.
Comparison Rate
2.67% p.a.
Service fee
$0.00
Upfront fee
$299
Rate
2.89% p.a.
Comparison Rate
2.92% p.a.
Service fee
$0.00
Upfront fee
$299

Mozo editorial review ING Mortgage Simplifier - last updated: 5 March 2021

4.5 / 5
binocular icon
What's hot
  • Rates from 2.45% p.a. interest rate (2.48% p.a. comparison rate*)
  • No service or application fees
  • Free extra repayments and redraw facility
What's not
  • No offset facility
Mozo snapshot

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. 

key icon
Key features

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.

snapshot
Who is it good for

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

question icon
Any catches

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.

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis is a finance journalist at Mozo specialising in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dives into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$150,000

$999,999

none

80.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%.

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 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$1,000,000

$2,000,000

none

80.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%.

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 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$150,000

$2,000,000

80.00%

90.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Details

Rates and fees information correct as at 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$150,000

$2,000,000

90.00%

95.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Details

Rates and fees information correct as at 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$149,999

none

95.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Details

Rates and fees information correct as at 29 September 2021. 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

3.85% p.a.

n/a

n/a

n/a

3.87% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$149,999

none

95.00%

Features

Owner Occupier

Interest Only

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Details

Rates and fees information correct as at 29 September 2021. 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

2.94% p.a.

n/a

n/a

n/a

2.97% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$150,000

$999,999

none

80.00%

Features

Owner Occupier

Interest Only

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%.

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 29 September 2021. 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

2.90% p.a.

n/a

n/a

n/a

2.93% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$1,000,000

$2,000,000

none

80.00%

Features

Owner Occupier

Interest Only

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%.

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 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$149,999

none

80.00%

Features

Investor

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Details

Rates and fees information correct as at 29 September 2021. 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

4.30% p.a.

n/a

n/a

n/a

4.32% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$50,000

$149,999

none

80.00%

Features

Investor

Interest Only

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Details

Rates and fees information correct as at 29 September 2021. 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

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

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$150,000

$2,000,000

none

80.00%

Features

Investor

Principal & Interest

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%.

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 29 September 2021. 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

2.89% p.a.

n/a

n/a

n/a

2.92% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$299.00

n/a

$0.00

$250.00

Other financial bits

$150,000

$2,000,000

none

80.00%

Features

Investor

Interest Only

Fortnightly, Monthly

yes - free

none

yes - free

$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.

Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%.

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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About ING

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.