ING Home Loans

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

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Summary

About ING Australia

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

What home loans does ING offer?

ING has home loan options for home buyers, refinancers, 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 home loan options to suit a variety of different types of home buyers. You can find a complete list of ING’s home loan interest rates here.

Some of ING’s key home loans include:

  • Mortgage Simplifier: A home loan 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 home loan with a term of one to five years

ING variable home loan rates

Provider Ad rate
p.a.
Comp rate*
p.a.
Monthly
repayments
 
Mortgage Simplifier OO P&I 3.18% 3.21% $1,725 More details
Orange Advantage OO P&I 3.23% 3.56% $1,736 More details
Mortgage Simplifier Inv P&I 3.59% 3.62% $1,816 More details
Ad rate
p.a.
Comp rate*
p.a.
Monthly
repayments
Mortgage Simplifier OO P&I
3.18% 3.21% $1,725
More details
Orange Advantage OO P&I
3.23% 3.56% $1,736
More details
Mortgage Simplifier Inv P&I
3.59% 3.62% $1,816
More details

Base criteria of: a $400,000 loan amount, variable home loans with an LVR (loan-to-value) ratio of at least 80%. Introductory rate products were not considered for selection. This table includes only a snapshot of the lender’s products, not all of them. Monthly repayments were calculated based on the selected products’ advertised rates, applied to a $400,000 loan with a 30-year loan term. *Rates correct as at 4 October 2019.

ING fixed home loan rates

Provider Ad rate
p.a.
Comp rate*
p.a.
Monthly
repayments
 
2yrs Fixed Rate OO P&I 3.19% 4.29% $1,728 More details
3yrs Fixed Rate Inv P&I 3.49% 4.75% $1,794 More details
Ad rate
p.a.
Comp rate*
p.a.
Monthly
repayments
2yrs Fixed Rate OO P&I
3.19% 4.29% $1,728
More details
3yrs Fixed Rate Inv P&I
3.49% 4.75% $1,794
More details

Base criteria of: a $400,000 loan amount, fixed home loans with an LVR (loan-to-value) ratio of at least 80%. Introductory rate products were not considered for selection. This table includes only a snapshot of the lender’s products, not all of them. Monthly repayments were calculated based on the selected products’ advertised rates, applied to a $400,000 loan with a 30-year loan term. *Rates correct as at 4 October 2019.

ING home loan 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 ING’s variable home loans allow unlimited additional repayments.
  • Redraw facility: Variable loans with ING 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 ING’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 home loan 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.
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