Whether it’s using some time off over the winter holidays to renovate your home before spring selling season, or getting organised for a summer vacation by buying flights to Europe, ING has a new funding solution to help you make things happen.
The online bank released a new Unsecured Personal Loan yesterday, and with a combination of a low fixed rate of 8.99% and no monthly service fees, it could well prove a handy solution for any number of projects or goals Aussies are looking to accomplish.
Australians will be able to borrow up to $30,000 over a two to five year period with the new personal loan, although they will need to fork out a $100 establishment fee upon applying.
The good news though is that ING will waive that $100 establishment fee for any existing customers with an active Orange Everyday account at the time of application.
It will also waive the fee for new applicants who request to open a Mozo Experts Choice award-winning Orange Everyday account when applying for the new loan.
The introduction of the new, low rate Unsecured Personal Loan from ING comes amid a recent downward rate trend among personal loan providers, with figures from the Mozo database indicating that there have been five rate cuts and just a single rate increase in personal loans over the last month.