Your selected personal loans
ING Direct started in Australia in 1999, pioneering branchless banking through a low-cost online model. It rebranded to ING in 2017 and is a wholly owned subsidiary of the multinational Dutch bank, ING Group.
ING has become a popular alternative to the Big 4 for many Aussie customers, offering a broad range of personal finance products that include savings accounts, home loans, credit cards, insurance and personal loans.
ING offers unsecured personal loans between $5,000 and $60,000 with competitive interest rates.
Your selected personal loans
It really needs more branches especially in regional areas
It was east to obtain, good customer service and fast processing. No issues throughout loan term and can pay down as quick as you like with no hidden fees or charges.
You could have an initial response in just 60 seconds from the time you submit your application. If ING needs more information or supporting documents to complete your assessment, your application may take approximately 2-5 business days to complete.
Existing customers can receive their loan on the same day it’s accepted but also must transfer the money to an Orange Everyday account. Non-ING customers can apply but the application might take slightly longer.
If you have a good credit score, a steady income and minimal debts and even some money saved, getting a $5,000 loan should be within your reach.
According to the Mozo personal loans calculator, a $15,000 with an interest rate of 10.35% p.a. paid over three years would cost you $436 per month.
The total interest paid on this loan would amount to $2,513.
There are a number of top personal loans on the market, including Mozo Experts Choice Awards winners, which are chosen based on their attractive interest rates, low fees and flexibility. Your decision of which is best for your needs, should factor in these important aspects of the loan.
* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.
^See information about the Mozo Experts Choice Personal Loan Awards
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