ING Unsecured Personal Loan
ING Unsecured Personal Loan
Mozo Review ING Unsecured Personal Loan Review
Last updated: 16 November 2018.
What's hot:
Mozo 2018 Expert’s Choice winner
Fixed 8.99% interest rate (9.13% comparison rate*)
Free extra repayments and no exit fee
What's not:
$100 application fee
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. 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’re looking at a 2018 Mozo Experts Choice Award winner for Unsecured Personal Loans.
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.
Who it's 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.
Details
Rates and fees information correct as at 18 November 2018. 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
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Fixed
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8.99% p.a. fixed
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9.13% p.a.based on $30,000
over 5 years
Fees
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$100.00
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$0.00
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$20.00
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$0.00
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$0
Other financial bits
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$5,000.00
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$30,000.00
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2 Years
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5 Years
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Unsecured
Features
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Fortnightly, Monthly
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yes
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no
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none
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Establishment fee waived when you have an active Orange Everyday at the time of application or request to open an Orange Everyday account with your ING Personal Loan to receive loan funds.
Customer Reviews
How are ING personal loans rated by the Mozo community?
About ING
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.
Promoted
MyState Bank
Secured Personal Loan
7.99% p.a.
8.96% p.a.based on $30,000
over 5 years
$200.00upfront and $10.00/month
Promoted
Heritage Bank
Low Rate Secured Personal Loan
5.19% p.a.
7.66% p.a.based on $10,000
over 3 years
$200.00upfront and $5.00/month
Promoted
St.George
Secured Personal Loan
8.49% p.a.
9.60% p.a.based on $30,000
over 5 years
$195.00upfront and $12.00/month
Promoted
HSBC
Unsecured Personal Loan
8.50% p.a.to 16.99% p.a.
9.06% p.a.to 17.53% p.a.based on $30,000
over 5 years
$150.00upfront and $5.00/month
Promoted
Harmoney
Unsecured Personal Loan
6.99% p.a.to 26.95% p.a.
7.69% p.a.to 28.21% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
Promoted
Bank Australia
Lifestyle Personal Loan
11.89% p.a.
12.94% p.a.based on $10,000
over 3 years
$150.00upfront and $0.00/month
Promoted
ING
Unsecured Personal Loan
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
$100.00upfront and $0.00/month
Promoted
SocietyOne
Unsecured Personal Loan - Excellent Credit (Fixed)
7.50% p.a.to 9.99% p.a.
9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years
$300.00upfront and $0.00/month
Promoted
Australian Military Bank
Unsecured Personal Loan - Excellent Credit (Variable)
7.88% p.a.to 18.82% p.a.
8.72% p.a.to 20.22% p.a.based on $30,000
over 5 years
$100.00upfront and $10.00/month
Promoted
NAB
Personal Loan (Variable, Unsecured)
12.69% p.a.to 18.69% p.a.
13.56% p.a.to 19.53% p.a.based on $30,000
over 5 years
$150.00upfront and $10.00/month
Promoted
ME
Personal Loan
10.98% p.a.
11.35% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
