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ING Mortgage Simplifier Home Loan Review

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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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Expert review

Marc Terrano

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: $0. 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

Home Loan Offers

Important Information*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback. A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

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2 Comments

  1. 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.

    • Avatarfinder Customer Care
      Belinda
      May 29, 2015

      Hi Yusuf,

      Thanks for your enquiry.

      There are some lenders that provide home loans to Centrelink recipients. You can find out more about these types of loans on this page.

      Thanks,
      Belinda

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