ING Mortgage Simplifier Home Loan Review

A simple, competitive home loan with no monthly or annual fees.

The ING Mortgage Simplifier Home Loan is a variable rate home loan available to owner occupiers or investors. It's a flexible product that doesn't have an offset account but keeps rates very low.

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By

Marc Terrano

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Review by

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.

Expert review

The ING Mortgage Simplifier Home Loan is available for owner occupiers or investors. The loan allows you to make extra repayments, redraw your funds and can be used to pay bills using its BPAY feature. If you have an Orange Everyday Transaction Account, this loan enables you to withdraw money from any ATM in Australia without incurring any fees.

About this loan

What are the features and benefits of the ING Mortgage Simplifier?

  • Maximum loan amount. The maximum loan amount varies depending on the loan purpose and repayment type.
  • Maximum LVR. Owner-occupiers can borrow up to 80% up to 95% LVR with lenders mortgage insurance, while investors can borrow up to 80%. Higher LVRs may attract higher interest rates.
  • Repayments. You can choose to make your regular repayments fortnightly or monthly. Extra repayments can be made at any point without incurring penalties.
  • Redraw. This feature enables you to withdraw any extra repayments you've made towards your home loan. There's no redraw fee or limit on how many redraws you can make.

What fees and charges come with this loan?

  • Application fees: $0
  • Monthly and annual fees: $0
  • Valuation fees: While ING covers up to $215 of the valuation fee, this is only applicable for the first valuation. Any amount in excess of $215 is billed to you.
  • Documentation and settlement fees: This is the minimum amount that may be charged. Settlement of this home loan can also result in solicitor fees and charges.

How to apply

To find out more or apply for the ING Mortgage Simplifier, click "Go to Site" to visit the ING website and complete an online enquiry. You will also have to meet certain eligibility criteria, which include the following:

  • You must be an Australian resident
  • You must be over 18 years of age
  • You must have a regular source of income

Applying for this home loan also requires that you submit certain documents. ING uses these documents to verify your credentials. As a result, when you apply for an ING home loan, keep the following handy.

  • Your driver's licence
  • Your passport
  • All details surrounding your assets and liabilities

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6 Comments

    Default Gravatar
    neil
    April 20, 2023

    can Someone call me I want to find out more about your home loan product

    Reply
      AvatarFinder
      Richard
      April 21, 2023

      Hi Neil,

      Finder is a comparison site. If you want to speak to someone at the bank I suggest calling ING directly.

      Good luck.

      Reply
    Default Gravatar
    Kodey
    February 2, 2023

    Can you set up a offset account with mortgage Simplifier

    Reply
      AvatarFinder
      Richard
      February 21, 2023

      Hi Codey,

      No, this loan does not have an offset account. The ING Orange Advantage home loan does have an offset account, however.

      Kind regards,
      Richard

      Reply
    Default Gravatar
    yusuf
    May 26, 2015

    Centrelink payment is only income. Do you provide loans based on this? I do have property with $25k mortgage.

    Reply
      Default Gravatar
      Belinda
      May 29, 2015

      Hi Yusuf,

      Thanks for your enquiry.

      There are lenders who accept some Centrelink payments as part of your income. You can refer to our guide to home loans for Centrelink recipients. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.

      Thanks,
      Belinda

      Reply
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