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 could be looking at a winner. Which in fact it is, because this loan received a 2021 Mozo Experts Choice Award for best Unsecured Personal Loan!
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 $60,000, 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.
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.
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.
Fixed
8.99% p.a. fixed
9.13% p.a.based on $30,000
over 5 years
$100.00
$0.00
$20.00
$0.00
$0
$5,000.00
$60,000.00
2 Years
7 Years
Unsecured
Fortnightly, Monthly
yes
no
6 and 7 year terms only available for amounts over $30,000.
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.
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.
When I applied for a personal loan I was declined. I called to check and they said something about my credit reporting. I called Equifax and they said my credit reporting is great and nothing is wrong with it. Then I got a copy of my credit file and checked it myself - I never missed a payment in a while plus haven't made any applications in the last two years. I called the bank again and got no answer. Took my money out of this bank and closed my account.
Read full reviewWhen I applied for a personal loan I was declined. I called to check and they said something about my credit reporting. I called Equifax and they said my credit reporting is great and nothing is wrong with it. Then I got a copy of my credit file and checked it myself - I never missed a payment in a while plus haven't made any applications in the last two years. I called the bank again and got no answer. Took my money out of this bank and closed my account.
Really easy to apply and flexible with the repayment.
Read full reviewReally easy to apply and flexible with the repayment.
Applied for a personal loan. They rejected me but couldn't be bothered communicating why it was rejected. I have good income and good credit rating, but I got rejected with no response and now its on my file.
Read full reviewApplied for a personal loan. They rejected me but couldn't be bothered communicating why it was rejected. I have good income and good credit rating, but I got rejected with no response and now its on my file.
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.
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Unsecured Personal Loan (Fixed)
6.39% p.a.to 8.69% p.a.
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