ING Home Loans

Read on to compare some of ING’s key home loan interest rates and the key features they have.

ING Australia is the Australian division of Dutch multinational bank, ING Group. The lender obtained its banking license in Australia in 1994 and has since served 1.5 million customers. It’s also considered to be one of the largest mortgage lenders in Australia, financing more than 475,000 home loans and counting.

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Compare ING home loans

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details

Mortgage Simplifier Home Loan (Principal and Interest) ($150k-$500k, LVR 80%-90%)

VariableMore details

Mortgage Simplifier Investment Loan (Principal and Interest) ($150k-$500k)

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of October 18, 2021. View disclaimer.

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
FixedMore details
NO UPFRONT OR ONGOING FEES

Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

NO UPFRONT OR ONGOING FEES
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 18, 2021. View disclaimer.

What mortgages does ING offer?

ING has home loan options for home buyersrefinancers, and investors. These loans come with variable and fixed interest rates as well as principal and interest and interest-only mortgages.

ING home loan interest rates

ING offers many mortgage options to suit a variety of different types of home buyers. You can find a complete list of its interest rates here.

Some of ING’s key home loans include:

  • Mortgage Simplifier: A mortgage with a low variable rate and no ongoing or annual fees
  • Orange Advantage: A flexible, variable rate home loan with 100% interest offset facility
  • Fixed-rate Loan: A fixed mortgage with a term of one to five years

    ING mortgage features

    ING offers a number of home loan features to suit a variety of needs for owner-occupiers to investors.

    • Offset account: Some ING home loans come with an offset account, which could help you save.
    • Unlimited additional repayments: A number of its variable mortgages allow unlimited additional repayments.
    • Redraw facility: Variable loans with the lender allow access to extra repayments via a redraw facility.
    • Orange Everyday Roundup: ING home loan customers with linked Orange Everyday transaction accounts can choose to make a small additional repayment towards an eligible home loan with every purchase they make via their Orange Everyday account.

      How to apply for an ING home loan

      Eligibility criteria

      To apply for an ING home loan, you need to make sure that you meet their eligibility criteria:

      • You must be 18 years of age or over
      • You must be an Australian citizen or permanent resident
      • You must have a regular source of income

        If you meet the lender’s eligibility criteria, you can start your mortgage application in two ways:

        • Fill in an online application form
        • Call an ING home loan specialist

          Documents needed

          Applying for an ING mortgage will require you to submit certain documents such as:

          • Proof of identity validating your name, address and birth date. This can be your passport, Medicare card, or driver’s license.
          • Details of your ongoing monthly expenses such as food expenses, childcare, clothing, transport, and many more.
          • If you are an employee, ING will typically require two recent payslips, and the most recent payment summary or tax return.
          • If you are self-employed, ING will typically require the last two years of tax returns.
          • Saving accounts statements.
          • Proof of ongoing rent or board.
          • Assets and liability documents.