Your selected home loans
ING is notable for having some of the best savings accounts in Australia, but it also offers home loans to home buyers, refinancers and investors. It has three options for borrowers: the no-frills Mortgage Simplifier and the Orange Advantage for those who want an offset account – both on a variable rate. There’s also the Fixed Rate Home Loan with terms ranging from one to five years.
Your selected home loans
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ING is a wholly owned subsidiary of ING Group, and it has been operating in Australia since 1999.
ING doesn’t have any customer branches in Australia, but you are able to speak to customer representatives in-person at the ING Lounge at 60 Margaret Street, Sydney.
Yes, ING has been licensed by the Australian Prudential Regulatory Authority (APRA) since 1994, which guarantees savings balances of up to $250,000 per customer.
ING allows you to make fortnightly or monthly repayments, provided you’re paying off your home loan with principal and interest. If you’ve switched to interest only, your repayments must be made monthly.
You can make extra repayments at any time on an ING home loan. Those on a variable rate can make unlimited additional repayments without paying a fee, while those on ING’s fixed rate home loan have extra payments capped at $10,000 for each fixed year.
A repayment holiday is when your lender pauses your home loan repayments for a set period of time. ING offers repayment holidays to borrowers who are experiencing financial hardship and are able to provide supporting documentation.
To apply for financial support, you can log in to ING’s internet banking, email the financial support team or call 1300 349 166. Visit the website for more information.
* 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
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