ING Unsecured Personal Loan

Mozo snapshot

If you’re after a loan that’s got no surprises or hidden nasties, then look no further than the ING Unsecured Personal Loan, winner of a 2019 Mozo Experts Choice Award for best Unsecured Personal Loan. With a fixed 8.99% interest rate (9.13% comparison rate*), you’ll always have the comfort in knowing your repayment amount. Throw in the option of making free extra repayments and a $0 exit fee and you could be looking at a winner. 

Key features

With a fixed rate of 8.99% (9.13% comparison rate*), the ING Unsecured Personal Loan could be your answer to getting that dream holiday in the Maldives. 

You’ll be able to borrow up to $30,000, make your repayments on a fortnightly or monthly basis and have the option to make extra repayments for free! Just keep in mind though that once you make extra repayments, that’s it, as there is no redraw facility with this loan.

And while you will have to remember the $100 upfront fee, there is an option to have it waived. All you need to do is have an active Orange Everyday account at the time of your application or open an Orange Everyday account with your personal loan. There is also a $20 late payment fee with this loan, so it's worth setting up a direct debit to make sure you never miss a payment. 

Who is it good for

The ING Unsecured Personal Loan is a good option for current ING customers who have an Orange Everyday account, or for anyone looking for a competitive bank rate.  

Any catches

While this loan doesn’t come with a monthly service or exit fee, there is a $100 upfront fee and a $20 late payment fee. So it might be worth setting up a direct debit from your bank account so you never miss a repayment.