ING key facts
- ING's home loan rates are lower than the market average. ING offers fixed and variable rate loans for investors and owner-occupiers, and some loans come with offset accounts.
- ING is an online lender. The bank has phone, email and banking app support.
- You can get certain ING loans with a deposit as low as 5%, including some of its lowest rates.
- In addition to home loans, ING also offers savings accounts, transaction accounts and term deposits.
Review by our senior home loans writer Richard Whitten.
Hi,
One of the requirement states resident of Australia, I am currently on my work visa for the next 3 years however this will be renewed by then or have my permanent residency received.
Can I still go ahead with applying for the mortgage ? or any other way for me to seek mortgage ?
Thank you
Hi Haider,
ING’s page didn’t explicitly state if they have residency requirements. You can check with them directly by phoning them on 1800 100 258, open from 8 am-8 pm Mon-Fri and 9 am-5 pm Sat (AEST/AEDT).
You can also explore other top lenders here.
Kind regards,
Richard
Hi
I would like to talk to someone about refinancing our home loans, how do i go about this?
Hi Suzanne,
Thanks for getting in touch with Finder! It’s great to know you’re interested in a home loan with ING. To quickly know the steps on how to apply for an ING mortgage, please go to the part of the page above saying “How do I apply for an ING mortgage?” To get a quote and directly speak with them, click the GREEN GO TO SITE button that can be found inside the table that lists the types of mortgages ING offers on the first part of the page.
As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this helps!
Best,
Nikki
Does Ing have an investment home loan up to 90% LVR??
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. You can press the “More info” link to be redirected to our review page and learn more about the loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, simply head to ING’s website to proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions. Alternatively, you can speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options.
Cheers,
Joanne
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?
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
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
Hi Barbara,
Thanks for the question.
ING DIRECT has its own unique lending criteria which are kept under wraps as the case with every other bank and lender. I would suggest contacting ING DIRECT directly to discuss your options with them rather than make an online application online, as this will give you an opportunity to discuss your options in relation to your assets and income considerations. For more tips, you may consult our guide on pensioners home loans.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I hope this helps,
Marc.