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- ING is Australia's sixth-largest home lender
- The Dutch-owned bank offers variable rate and fixed rate loans to owner occupiers and investors
- ING offers a 'round-up' feature allowing borrowers to automatically round up debit card purchases to pay off their home loans
Dutch international bank ING launched in Australia in 1994 with its popular, online-only savings account. Home loans and other banking products followed and today ING is Australia's sixth-largest home lender across both owner-occupier and investor market segments.
The online bank is part of the global ING Group which has its roots in the Netherlands almost three centuries ago. The group's cumulative assets exceed those of any other Australian bank.
What home loans does ING offer?
ING offers variable and fixed-rate home loans to owner occupiers and investors.
Here's a selection of ING's owner occupier home loan rates in the table below.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.99% p.a. | 6.02% p.a. | $2,995 | Principal & Interest | Variable | $0 | $350 | 60% | |||||||||||||
5.99% p.a. | 6.02% p.a. | $2,995 | Principal & Interest | Variable | $0 | $350 | 70% | |||||||||||||
6.04% p.a. | 6.07% p.a. | $3,011 | Principal & Interest | Variable | $0 | $350 | 80% | |||||||||||||
6.14% p.a. | 6.17% p.a. | $3,043 | Principal & Interest | Variable | $0 | $350 | 60% | |||||||||||||
6.14% p.a. | 6.17% p.a. | $3,043 | Principal & Interest | Variable | $0 | $350 | 70% | |||||||||||||
6.14% p.a. | 6.43% p.a. | $3,043 | Principal & Interest | Variable | $350 | $350 | 60% | |||||||||||||
6.14% p.a. | 6.43% p.a. | $3,043 | Principal & Interest | Variable | $350 | $350 | 70% | |||||||||||||
6.14% p.a. | 6.43% p.a. | $3,043 | Principal & Interest | Variable | $350 | $350 | 80% | |||||||||||||
6.19% p.a. | 6.06% p.a. | $3,059 | Principal & Interest | Fixed | $0 | $350 | 70% | |||||||||||||
6.19% p.a. | 6.10% p.a. | $3,059 | Principal & Interest | Fixed | $0 | $350 | 80% |
ING variable rate home loans
For both owner occupiers and investors, ING offers two types of variable rate home loan:
Mortgage Simplifier
- lower-rate home loan with no annual or account keeping fees
- redraw facility but no offset account
- unlimited additional repayments
Orange Advantage
- 100% offset (when combined with Orange Everyday transaction account )
- unlimited additional repayments
- redraw faciliity
- $299 annual fee (as at July 2026)
ING Everyday Round Up for variable-rate home loans
ING borrowers with Mortgage Simplifier or Orange Advantage home loans can choose to round up Orange Everyday card purchases to the nearest $1 or $5, with the difference going to pay down their home loans.
ING fixed-rate home loan
Fixed Rate Loan
- fixed terms between one and five years available
- no annual or ongoing fees
- additional repayments of up to $10,000 per year ( fees may apply if additional repayments are more)
- no redraw or interest offset
ING Green Upgrade Loan
The Green Upgrade Loan is a low-rate home loan available to existing ING borrowers. It provides funds to upgrade your property with approved energy-efficient additions including:
solar panels
induction stove
non-ducted single split air conditioning
This product is available to customers with an ING home loan (variable or fixed) with an outstanding balance of $150,000 or more, provided the loan-to-value ratio (LVR) of the existing loan remains at 80% or less once combined with the green upgrade loan.
ING home loans: Pros & Cons
Pros
Round up feature
ING is one of several Australian lenders providing a round-up feature that automatically transfers funds from a transaction account to a home loan account.
Borrowers can choose to round up spending on their Orange Everyday account to the nearest $1 or $5 with the balance effectively paying down their home loan. For example, if you set your round up to $5 and you spend $4 on a coffee every day, you'll be putting an extra dollar towards your loan each time.
Comparatively lower rates for high LMI borrowers
ING has reputation in the market for offering competitive rates to borrowers with higher LVRs.
What the expert says
"When you're buying with LMI [lenders mortgage insurance] and have less than a 20% deposit, like if you have a 10-12% deposit, that's when ING can have very cheap rates."
A quick look at current rates backs this up. Here's a comparison of the difference between lenders' lowest rates (for less than 60% LVR loans) and highest rates (for LVRs 90-95%):
| Bank & Product | Interest rate difference (basis points) |
| ING Mortgage Simplifier | 70 bp |
| ANZ Simplicity PLUS | 125 bp |
| CommBank Standard Variable Rate | 140 bp |
Competitive interest rates
ING's home loan rates are typically among those at the lower end of the market. This is because as a fully online lender, ING doesn't have the overheads of maintaining and staffing physical branches.
Flexible features
ING offers:
- the option of split home loans (between fixed- and variable-rate portions)
- guarantor loans
- choice of principal and interest (P&I) or interest-only (IO) repayments (IO repayments for owner-occupiers up to five years and for investors, up to 10 years)
Lock in feature
ING will 'hold' an advertised fixed rate for 90 days while the loan settles, honouring the rate even if fixed rates increase up until settlement. (A fee applies.)
Cons
Strict lending policies
ING has a reputation for being somewhat conservative in its assessment of home loan applications. If you don't meet the stated requirements or have outside-the-box circumstances, you may not be approved for a home loan.
Does not offer construction loans
If you're looking to build a home, you will have to go elsewhere.
No branch network
ING is not the lender for those who prefer face-to-face banking.
Not a participating lender in the 5% Deposit Scheme
If you're looking to borrow through the federal government's 5% Deposit Scheme, you will need to look to other lenders. ING does, however, offer a guarantor option for its home loans, subject to assessment.
How to apply for an ING home loan
You can start your application process online before an ING home loan specialist will contact you via telephone or, alternatively, you can contact ING directly.
ING will also issue pre-approval which can give you an idea of how much you may be able to borrow. However, there are several more steps before final approval.
Fees & Charges
Fees
ING's home loans have the following fees pre-settlement as of July 2026:
A $350 settlement fee for all products
The Orange Advantage has an annual fee of $299
A $749 'lock in' fee applies for fixed loans
Post settlement, the following charges may apply:
Mortgage Simplifier | Orange Advantage | Fixed Home Loan | Green Update Loan | |
|---|---|---|---|---|
Annual account keeping fee | $0 | $299 | $0 | $0 |
Late payment fee | $30 | $30 | $30 | $30 |
Arrears Default letter (per letter) | $40 | $40 | $40 | $40 |
Variation fee | $300 | $0 | $300 | $300 |
Turnaround time
On its broker guide, ING provides the following indicative application turnaround times, assuming all outstanding documentation has been provided:
Purchase: 3 days
- Refinance: 5 days
Non assessed pre-approval: 2 days
Changes to existing loans: 5 days for assessment, 1 day for a loan offer, 2 days for a switch or split (as at July 2026)