ING Home Loans Rates & Fees Comparison

ING delivers low rates and a simple online application process.

ING_LOGO+TAGLINE_COLOUR_RGBING is an online lender, meaning it doesn't have physical branches like traditional lenders. The lack of branches means ING can deliver lower rates to its customers by saving on overheads.

Compare ING home loans

Rates last updated December 17th, 2018
$
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.78%
4.10%
$0
$299 p.a.
80%
Get a 100% offset account and rate discounts for higher borrowing amounts.
3.78%
4.10%
$0
$299 p.a.
80%
Get a 100% offset account and rate discounts for higher borrowing amounts.
3.74%
4.06%
$0
$299 p.a.
80%
Get a fully-featured loan with a 100% offset account and discounts for higher borrowing amounts.
3.73%
3.76%
$0
$0 p.a.
80%
This basic loan offers discounts for higher borrowing amounts and carries no ongoing fees.
3.83%
4.57%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.73%
3.76%
$0
$0 p.a.
80%
This basic loan offers discounts for higher borrowing amounts and carries no ongoing fees.
3.69%
3.72%
$0
$0 p.a.
80%
This basic loan offers a discount for borrowing more than $1 million
4.85%
5.15%
$0
$299 p.a.
95%
Save with a 100% offset account and pay no upfront fees.
3.75%
4.63%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.88%
4.20%
$0
$299 p.a.
90%
A fully featured home loan with an offset account and discounts available.
4.13%
4.15%
$0
$0 p.a.
80%
Pay the one-off 'Smart Pack' fee and receive a discount for the life of the loan.
4.08%
4.40%
$0
$299 p.a.
90%
A fully featured home loan with an offset account and discounts available.
3.83%
3.85%
$0
$0 p.a.
90%
Pay the one-off 'Smart Pack' fee and receive a discount for the life of the loan.
5.10%
5.12%
$0
$0 p.a.
80%
Pay the one-off 'Smart Pack' fee and receive a discount for the life of the loan.
4.09%
4.58%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.85%
4.65%
$499
$0 p.a.
95%
A competitive fixed rate offered for two years.
3.93%
4.59%
$499
$0 p.a.
95%
Lock in a fixed rate for three years and enjoy make up to $10,000 in additional repayments.
3.85%
4.73%
$499
$0 p.a.
95%
A fixed rate home loan with the ability to make extra repayments.
5.05%
5.07%
$0
$0 p.a.
95%
This basic loan offers discounts for higher borrowing amounts and carries no ongoing fees.
4.19%
4.57%
$499
$0 p.a.
95%
Get the certainty of a rate lock and the flexibility to make additional repayments.
4.19%
4.62%
$499
$0 p.a.
95%
A competitive fixed rate with $0 ongoing fee.
4.09%
4.53%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
4.29%
5.69%
$499
$0 p.a.
95%
Investors can get a flexible fixed rate that allows additional repayments and carries no ongoing fees.
4.70%
4.72%
$0
$0 p.a.
95%
This basic home loan carries no application or ongoing fees.
3.75%
4.72%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
4.19%
5.40%
$499
$0 p.a.
95%
Investors can get a flexible fixed rate that allows additional repayments and carries no ongoing fees.
4.18%
4.49%
$0
$299 p.a.
80%
Get a 100% offset account, access to a redraw facility and a competitive rate tied to your LVR.
4.59%
4.61%
$0
$0 p.a.
80%
Borrow $1 million or more and maximise your investment strategy with this interest-only mortgage.
3.83%
3.85%
$0
$0 p.a.
90%
This basic loan offers a discount for borrowing more than $1 million
4.54%
4.85%
$0
$299 p.a.
80%
Investors can maximise their tax-effectiveness with this interest-only loan for amounts of $1m or more.
4.29%
4.31%
$0
$0 p.a.
80%
Borrowing $1m or more to invest in property? Get a 100% offset account and a special rate.
4.03%
4.05%
$0
$0 p.a.
95%
This basic loan offers a discount for borrowing more than $1 million
3.88%
4.20%
$0
$299 p.a.
90%
Borrow more than $1 million and enjoy a 100% offset account and rate discount.
4.24%
4.55%
$0
$299 p.a.
80%
Investors get a 100% offset account and a special rate when borrowing $1 million or more.

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Things to consider about ING

Since 1999, ING has been offering Australians a broad selection of home loans, transactions and savings accounts, superannuation options and business products.

ING has a range of products that are aimed towards different segments of the market. Whatever your goals as a potential borrower, ING could have a loan to suit your needs. It offers loans for first home buyers, investors, those looking to refinance, and borrowers who want to consolidate their debts.

  • Maximum LVR: The loan-to-value ratio (LVR) refers to the percentage of the value of the property you want to borrow. ING can lend up to 95% of the value of the property you wish to buy with some of their loans. The remaining products carry a maximum LVR of 80%.
  • 100% Offset accounts: This is a transaction account linked to your home loan. It reduces the amount of interest you pay by offsetting the amount interest is calculated on by the funds in the account.
  • Interest-only options: Interest-only loans are well-suited to investors or those building a home. Paying only the interest portion of your loan brings the cost down during the crucial construction phase, or if you plan to buy an investment property and sell it soon after.
  • Split loans: Some ING loans allow you to split the loan into fixed and variable rate portions. When you split your loan, the fixed rate portion will protect you in times when interest rates rise, and the variable rate portion will mean you get the most out of rate cuts.
  • Unlimited free redraws: You can make additional repayments on some ING loans. If you happen to need some of these extra repayments, you can access them again through the online platform or via the telephone banking system.
  • Interest rate discounts: Some ING loans offer discounts off the interest rate of the loan if certain conditions are met - including borrowing over a certain amount and having a certain loan-to-value ratio (LVR).

Comparing ING home loans

ING offers different loan products which suit different purposes. Each comes with different features and benefits:

Orange Advantage Home Loan

The Orange Advantage Home Loan from ING is a full-featured home loan that offers plenty of flexibility along with a low interest rate. It is suited to borrowers looking to buy a home or refinance their existing loan. This loan is not available to people renovating or building a new home.

The product offers a 100% offset account via the Orange Everyday account. This allows borrowers to directly deposit salary, pay bills and expenses via direct debit and use the account to manage their mortgage. The offset account also reduces the amount of interest paid on the home loan.

Repayments can be made fortnightly or monthly for principal and interest repayments, while interest-only repayments must be made monthly.

ING will provide further discounts for loan-to-value ratios below 80%.

About the ING Orange Advantage loan

Mortgage Simplifier

The Mortgage Simplifier is a basic variable rate home loan with no monthly or annual fees available to owner-occupiers with borrowings of more than $150,000. Further interest rate discounts may be applied depending on the loan-to-value ratio that you will be borrowing.

About the ING Mortgage Simplifier

Fixed Rate Home Loan

Fixed rate loans are ideal for any borrower wanting to avoid an increase in lending rates. During the fixed term, you'll have the certainty of being able to plan your mortgage budget down to the cent.

ING's fixed rate home loans offer the ability to make extra repayments up to $10,000 per year. Keep in mind that the redraw facility on your home loan won't be available until after the fixed term ends. There is also an interest-only option on ING's fixed home loans.

Remember that break fees may apply if you repay your mortgage before the fixed term has ended. This usually occurs when you sell your home or refinance over to a different lender. You can avoid paying break fees by considering a shorter fixed term if you already know you intend to sell your home. You may also want to consider waiting until your fixed rate has ended before you refinance.

About the ING Fixed Rate Home Loan

Split rate home loans

If you don't wish to lock in your entire mortgage, you can choose to split your loan. This lets you lock in a portion of your mortgage and take advantage of stable repayments over the fixed term. At the same time, the variable portion lets you take advantage of the features only available to variable rate borrowers. By splitting your loan you get to hedge your bets against negative rate movements while also taking advantage of the variable rate loan features. A split fee may apply.

ING also previously offered the Smart Home Loan, Action Equity Home Loan and the Construction Home Loan but these are no longer offered to new customers.

What do I do if I'm interested in an ING product?

If there is a particular product you are interested in you can click through to the products review page to find out more or place an enquiry about the product with a home loan expert.

Each ING home loan product will have its own unique qualifying criteria, however, there are some basics that will apply to all, which include the following.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

During the application process for any home loans product from ING you will also be asked to provide certain information so it can be handy to have them ready before you apply. Some of these details include:

  • Personal. This includes details like your name, date of birth, phone number, email address and address.
  • Financial. This includes information surrounding all your assets and liabilities.
  • Employment. Be ready to give your employer’s name and contact information.

Not what you're looking for? Compare more home loans here

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UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

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12 Responses

  1. Default Gravatar
    JimApril 4, 2018

    Does Ing have an investment home loan up to 90% LVR??

    • finder Customer Care
      JoanneApril 4, 2018Staff

      Hi Jim,

      Thanks for reaching out.

      ING can lend up to 95% of the value of the property you wish to buy with some of their loans that you can find on the table above.
      Alternatively, you can speak with a mortgage broker for you to get specialised advise.

      Cheers,
      Joanne

  2. Default Gravatar
    JodiAugust 2, 2014

    I have just renewed my fixed home loan for 2 more years, what is the fee amount for breaking my contract if I sell my house?

    • finder Customer Care
      ShirleyAugust 4, 2014Staff

      Hi Jodi,

      Please contact ING Direct for an exact quote regarding your break costs.

      It is generally calculated using the following formula: The amount of principal remaining x the remaining term of the fixed interest period x the movement in ING Direct’s cost of funds.

      Cheers,
      Shirley

  3. Default Gravatar
    barbaraJune 16, 2014

    I have been with ING for many years, love the savings account. Just wondering whether I would be eligible for a home loan based on the fact that I own a unit in Sydney ( Naremburn ) which is now valued at approx $600,000. I am currently studying and no longer earning an income as such, but have an allocated pension from my super of $763.00 per fortnight.Also receive a very small amount from Centrelink as Austudy. Would love to hear whether I have any options. Kindest Regards, Barbara

    • finder Customer Care
      MarcJune 17, 2014Staff

      Hi Barbara,
      thanks for the question.

      Unfortunately ING DIRECT has their own unique lending criteria which is kept under wraps as is the case with every other bank and lender. I’d suggest contacting ING DIRECT directly to discuss your options with them rather than make an online application on online, as this will give you an opportunity to discuss your options in relation to your assets and income considerations. For more tips consult our guide on pensioners and home loans.

      I hope this helps,
      Marc.

  4. Default Gravatar
    AdamSeptember 17, 2013

    I would like to refinance my loan to make renovations and to have it ready for a head lease for two years at $450 a week?

    • Default Gravatar
      nadhemJune 15, 2014

      Hi dear sir. I have 80,000 cash deposit to buy a house to live in it.

    • finder Customer Care
      ShirleyJune 16, 2014Staff

      Hi Nadhem,

      Thanks for your question.

      You compare home loans on this page to find the one that best suits you. Alternatively, you could speak to a mortgage broker.

      Our borrowing power calculator can also help along with our FHB guide.

      Cheers,
      Shirley

    • finder Customer Care
      ShirleySeptember 18, 2013Staff

      Hi Adam,

      Thanks for your comment.

      Directly enquiring with ING DIRECT will give you a better indication of what your repayments will be; you can do so by choosing the loan you would like to refinance to and click ‘enquire’ to be safely redirected to ING DIRECT.

      You can also use our repayment calculator for a rough estimate.

      Hope this helps,
      Shirley

    • Default Gravatar
      JulieOctober 19, 2013

      is there any account fee? what rate for variable offset account? my current variable rate is 4.98% with nab, but my friend told me that he got better offer from your bank.
      please call me

    • finder Customer Care
      ShirleyOctober 21, 2013Staff

      Hi Julie,

      Thanks for your comment.

      The ING DIRECT Action Equity home loan doesn’t have an annual fee and there is no offset account available.

      You may want to compare our featured best home loans for a better interest rate.

      Hope this helps,
      Shirley

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