ING DIRECT Orange Advantage Loan

Rates and Fees verified correct on October 21st, 2016

The ING DIRECT Orange Advantage variable rate home loan includes a 100% offset facility, enabling you to pay off your home loan sooner

The ING Direct Orange Advantage home loan allows regular homeowners or investors to make use of a 100% offset account along with interest rate discounts to help you save more money. The loan offers an interest rate discount if you borrow more than $150,000, and further discounts can apply if your loan-to-value ratio (LVR) is under the 80% mark.

There's no application fee for the ING DIRECT Orange Advantage loan, although it comes with an annual fee (which is waived for the first year). You can also receive cash back if you deposit your salary in an Orange Everyday transaction account.

Split loan special offer

Split your ING DIRECT Orange Advantage home loan with the ING Direct Fixed Rate Home Loan and receive a 0.10% discount on your fixed interest rate, as well as waived application fees.

Terms and conditions may apply.

Interest Rate Max Insured LVR Max LVR
< $150,000 (Owner Occupier or Investor)
4.65% p.a.
Comparison Rate
4.86% p.a.
95% 80%
$150,000+ (LVR <= 80% Owner Occupier)
3.74% p.a.
Comparison Rate
3.96% p.a.
80% 80%
$150,000+ (LVR <=80% Investor)
3.99% p.a.
Comparison Rate
4.21% p.a.
95% 80%
$150,000+ (LVR > 90% Owner Occupier)
4.65% p.a.
Comparison Rate
4.86% p.a.
95% 90%
$150,000+ (LVR 80% <= 90% Owner Occupier)
3.87% p.a.
Comparison Rate
4.09% p.a.
90% 80%
$150k+ (LVR >80% <=90%) (Investor)
4.27% p.a.
Comparison Rate
4.49% p.a.
90% 80%
Product NameING DIRECT Orange Advantage Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$250,000
Maximum Loan Amount$2,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Ongoing Fees$199 p.a.
Settlement Fee$299
Discharge Fee$250


  • You can link a 100% offset account to your home loan
  • You can make extra payments without penalty
  • You can withdraw extra funds from the mortgage using the free redraw facility


  • There is a $0 legal fee
  • There is an annual package fee of $199
  • A $250 discharge fee applies when you close your home loan account

Things to consider about the Orange Advantage home loan

This is a full documentation loan available to those buying or refinancing a home or investment property. Different rates may be offered based on how much you borrow and your loan-to-value ratio.

Features of the Orange Advantage home loan

  • Offset account. You can link a 100% offset account to this home loan and have your salary or any other income credited directly to this account. Calculation of your home loan interest happens on a daily basis and applies on the total outstanding loan amount minus the balance in the offset account. As a result, a higher balance in your offset account translates to lower interest payable on your home loan.
  • Maximum LVR. You can borrow up to 80% for this loan without lenders mortgage insurance (LMI), or up to 95% of the property value with LMI. Also keep in mind that different rates are available based on your LVR in some cases.
  • Repayments. You can make repayments either fortnightly or monthly, and can make unlimited additional repayments.
  • Redraw. If you make additional repayments and later need to access these funds, the Orange Advantage Loan includes a redraw facility.
  • Interest-only options. You can choose to pay only the interest component of your loan for five years with the Orange Advantage. During this time your repayments must be made monthly.
  • Interest rate. Interest rate discounts are available for higher loan values or lower LVRs.
  • Loyalty bonus. Receive 1% cash back into your home loan for all monthly repayments above $3,000 when you also deposit your salary, or an amount of more than $1,000 per month, in an Orange Everyday bank account.


  • Application fees: $0.
  • Monthly fees: $0
  • Valuation fees: ING DIRECT pays up to $215 in the form of valuation fees and this is limited to the first valuation only. You will have to pay the remainder.
  • Annual fees: $199. This is charged to maintain your account but is waived for the first year of the loan.
  • Documentation and settlement fees: A minimum of $0.

How to find out more about the Orange Advantage home loan

If you'd like an ING Select home loan specialist to get in touch with you, click the ‘find out more’ or ‘Go to Site’ buttons on this page. To qualify for this home loan you have to meet certain criteria:

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

As part of the application process you’ll have to provide personal and financial information, as well as details about your employment. Before you start the process, keep the following information handy:

  • 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.

A home loan with a 100% offset facility can help minimise how much you pay in interest. Add the Orange Advantage to your comparison today.

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ING DIRECT Orange Advantage Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 27 September 2016 at 11:09.

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18 Responses to ING DIRECT Orange Advantage Loan

  1. Default Gravatar
    Mal | October 1, 2016


    I am considering switching from another bank, is the ING Direct Orange loan available as re-finance option? Also are there any credit cards available as part of the package?


    • Staff
      Anndy | October 5, 2016

      Hi Mal,

      Thanks for your question.

      The Ing Direct Orange Advantage Loan is a full documentation loan available to those buying or refinancing a home or investment property. A credit card is not part of its package.

      If you are looking for a home loan product that comes with a credit card, you can compare your options here.


  2. Default Gravatar
    Tamben | September 25, 2016

    Hi, just wondering if there is a limit to the amount of money you can have in your offset account?

    • Staff
      Anndy | September 26, 2016

      Hi Tamben,

      Thanks for your question.

      The ING DIRECT Orange Advantage Loan comes with a 100% offset facility. Say you have a mortgage of $100,000 and you also have $100,000 balance retained in your offset account, you would pay absolutely no interest on your mortgage at all.


  3. Default Gravatar
    Wendy | August 20, 2016

    Hi, would you guys know if ING Direct writes construction loans and if so, can this particular type of loan( orange advantage) be used as construction loan for the knock down and rebuild of a PPOR? Thanks in advance.

    • Staff
      Jodie | September 7, 2016

      Hi Wendy,

      Thank you for contacting we are a financial comparison website and a general information service.

      As far as we are aware ING DIRECT no longer offers construction loans, however, in regards to using the Orange Advantage Loan for construction you will need to clarify with ING DIRECT directly as I do not believe they allow this.


  4. Default Gravatar
    Greta | August 8, 2016

    How do offset accounts work? I want to refinance an existing property and currently have no offset account, just the loan where additional payment reduce the interest but are still available in redraw. Is Orange Everyday bank account the offset account? Or is the offset account a different account?

    • Staff
      May | August 9, 2016

      Hi Greta,

      Thanks for your inquiry.

      Basically, an offset account is like a regular transaction account that has been linked to your mortgage account. It is one of the commonly known features offered on several home loans (usually on variable rate loans and some on fixed rate loans). You can put money into this account and it helps to reduce the interest payable on your home loan.

      The Orange Everyday bank account, for instance, can be linked to your home loan as your offset account.


  5. Default Gravatar
    Dean | August 3, 2016

    Can you please confirm my understanding of the following….

    “Loyalty bonus. Receive 1% cash back into your home loan for all monthly repayments above $3,000 when you also deposit your salary, or an amount of more than $1,000 per month, in an Orange Everyday bank account.”

    From what I understand, you would have quite a large loan where you are paying a minimum 3000 per month, assuming I meet the other criteria of 1000 or more into the Everyday account per month.

    So if I pay 4000 in monthly repayments, I receive 1% of the difference between 4000 and 3000 which = $10.
    Is this correct?

    • Staff
      May | August 3, 2016

      Hi Dean,

      Thank you for your question.

      With ING Orange Advantage Offset Home Loan, if you also have an Orange Everyday transaction account and deposit your salary into it (of at least $1,000 per month), you will receive 1% cash back based on monthly mortgage repayments of up to $3,000.

      For instance, if you are making repayments of $3,000 per month, this could mean you will receive $30 cash back per calendar month.

      Hope this has answered your question.


  6. Default Gravatar
    Wei | November 25, 2015

    hi, i have been with ING DIRECT Orange Advantage Loan (4.29% interest rate) for a month now, but i have changed my mind and would like to sell my property. How much fees do i have to pay apart from exit fee ($250)? Mine is variable rate. Cheers

    • Staff
      Marc | November 26, 2015

      Hi Wei,
      thanks for the question.

      While you won’t be liable to pay break costs as this loan is not a variable rate home loan, the best way of finding out all the charges you would pay is to contact ING DIRECT directly. They’ll be able to give you an accurate quote for the costs you may have to pay to leave your home loan.

      I hope this helps,

  7. Default Gravatar
    Hardeep | September 27, 2015

    I am interested in home loan around 300000. I am single earner and earning about 46000 annually. I have two children and getting family tax benefits. My husband is unemployed and he is on centrelink payments. We are first home buyers and have a health card. Ready to pay 21000 downpayment. Please guide.

    • Staff
      Marc | September 29, 2015

      Hi Hardeep,
      thanks for the question.

      You can contact ING DIRECT by clicking on the ‘Go to Site’ buttons on this page. This will take you to the ING DIRECT website, where you can organise a discussion with an expert from ING DIRECT to find out what home loan options may be available to you.

      I hope this helps,

  8. Default Gravatar
    Mick | July 4, 2015

    Does the ing orange advantage have sub account within the offset account.
    If so, how many accounts.
    Thank you.

    • Staff
      Jodie | July 8, 2015

      Hi Mick,

      Thank you for your comment on, a financial comparison website.

      The 100% offset account attached to the ING DIRECT Orange Advantage Loan is a single transaction account that you can deposit funds in that can then help to reduce the amount of interest charged on your loan.


  9. Default Gravatar
    PK | July 15, 2014

    With 95% LVR – do you have to have additional funds to cover other items such as Stamp Duty mortgage insurance etc or can it be incorporated into the loan which in effect would bring the LVR above 95%.?

    Do you have any age restrictions regarding these loans?

    • Staff
      Shirley | July 16, 2014

      Hi PK,

      Thanks for your question.

      The LVR includes LMI capitalisation, but doesn’t include other upfront costs such as stamp duty and legal fees etc.

      To be eligible for this loan you need to be aged 18 or over.


ING DIRECT Orange Advantage Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $199

  • Max LVR


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