ING home loan interest rates & review
What home loans does ING offer?
ING offers variable and fixed rate home loans with principal and interest or interest-only repayments to both owner-occupier and investor borrowers. If you wish to know more, Canstar has a guide to the different types of home loans available and how they work.
Below we’ve listed a snapshot of ING’s owner-occupier home loan interest rates available at the time of writing, for loans with principal and interest repayments and loan-to-value ratios equal to 80%, and a loan amount of $500,000. You can check current rates via Canstar’s home loan comparison tool, which is updated daily.
ING owner-occupier home loans
ING has a number of variable and fixed rate home loans available to owner-occupiers in Australia. At the time of writing, details of its variable rate products are as follows.
Variable rate home loans
ING Mortgage Simplifier (principal and interest)
- Fees: Pre-settlement fees may include a $299 settlement fee and a portion of valuation fees (ING covers up to $225, including GST). No ongoing fees.
- Features: Unlimited additional repayments without penalty, redraw facility, connection to the ‘round up’ feature of a customer’s Orange Everyday card, if they have one (which means rounded up funds help pay off the mortgage).
ING Orange Advantage
- Fees: No application fee. Package fee $299 paid yearly. Pre-settlement fees may include a $299 settlement fee and a portion of valuation fees (ING covers up to $225).
- Features: Unlimited additional repayments, 100% offset facility (with linked Orange Everyday bank account), ability to split the loan (have a portion as a fixed rate and a portion as variable), connection to the ‘round up’ feature of a customer’s Orange Everyday card (which means rounded up funds help pay off the mortgage).
ING Home Loan FAQs
How do I apply for an ING home loan?
Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs.
If you decide to apply for an ING home loan, you can start your application online and call the bank’s home loans staff.
Can you make extra repayments on an ING home loan?
Yes, ING allows you to make unlimited extra repayments on its variable rate home loans. Terms and conditions may apply; contact the lender for further details.
Are redraw facilities offered on ING home loans?
Yes, ING offers redraw facilities on its variable rate home loans. Fees and charges may apply; contact the lender for further details.
About ING
Headquartered in Sydney, ING Bank (Australia) Limited, or ING, is owned by Dutch multinational ING Group. When it comes to home lending to owner-occupiers, ING is Australia’s fifth-largest bank.
