ING Unsecured Personal Loan

8.99% p.a.

9.13% p.a.based on $30,000
over 5 years

$100

ING Unsecured Personal Loan

8.99% p.a.

9.13% p.a.based on $30,000
over 5 years

$100

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
  • Fixed

  • 8.99% p.a. fixed

  • 9.13% p.a.based on $30,000
    over 5 years

Fees
  • $100.00

  • $0.00

  • $20.00

  • $0.00

  • $0

Other financial bits
  • $5,000.00

  • $30,000.00

  • 2 Years

  • 5 Years

  • Unsecured

Features
  • Fortnightly, Monthly

  • yes

  • no

  • none

  • 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.

*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. 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.

Customer Reviews

How are ING personal loans rated by the Mozo community?

Overall customer rating
7.7/10
Price
7.0/10
Features
6.7/10
Customer service
7.5/10
Convenience
7.3/10
Trust
7.3/10
ING

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.

See ING personal loans

Promoted

MyState Bank

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

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

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

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

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

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

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

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

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

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

ME

Personal Loan

10.98% p.a.

11.35% p.a.based on $30,000
over 5 years

$250.00upfront and $0.00/month