ING Orange Advantage home loan

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

The ING Orange Advantage home loan allows regular homeowners or investors to make use of a 100% offset account. The loan offers competitive interest rates and no application fee.

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

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.

About this loan

What are the features and benefits 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. Owner-occupiers can borrow up to 80% for this loan without lenders mortgage insurance (LMI), or up to 95% of the property value with LMI, while investors can borrow up to 80%. 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.

What fees and charges come with this loan?

There are a number of fees you should be aware of with the Orange Advantage:

  • Annual fees: $299. This is charged yearly to maintain your account.
  • Discharge fees: $250. This is charged when you close your account.
  • Valuation fees: ING pays up to $225 in the form of valuation fees and this is limited to the first valuation only. You will have to pay the remainder.

How to apply

If you'd like an ING home loan specialist to get in touch with you, click the "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.

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    Default Gravatar
    August 28, 2017

    Hi there,

    Can you explain what is settlement fee ? I noticed there is a settlement fee of $299 on this home loan. Can the annual/seetlement fees be waived ?

      Default Gravatar
      August 29, 2017

      Hi Darren,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      Settlement fees, sometimes called legal fees or settlement attendance fees, incorporate the costs to payout your previous lender and to switch the funds to your new mortgage. Settlement costs are sometimes absorbed by the lender and waived for customers. I would suggest contacting the lender directly to verify if they would be able to waive the said fees.

      I hope this helps.


    Default Gravatar
    May 7, 2017

    Home occupied loan is that mean must live by self or family and cannot rent out?

      Default Gravatar
      May 7, 2017

      Hi Damien,

      Thank you for your question.

      Yes, owner-occupied means a residence primarily used or lived in by its buyer. You can rent it out at some point but you may need to contact your lender first. Almost all mortgage loans specify when the homes bought with those loans can be rented out.

      You may want to check the extensive comparison of home loans on our website.

      I hope this has helped.


    Default Gravatar
    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?


      Default Gravatar
      November 3, 2016

      Looking at refinancing currently pay 4.1 % comparison variable .
      Inner Sydney Studio unit I have as owner occupier 4 years.It measures 49m – are you interested in offering a $251,000 refinance package.Thanks.

      November 10, 2016

      Hi Nalda,

      Thanks for your question.

      Kindly note that we are, a financial comparison and information website that helps users make better decisions. We are not ING DIRECT. It would be best if you directly get in touch with them for your enquiry.

      Alternatively, you may also refer to our refinancing home loans to check other options.


      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 through our home loans and credit cards page.


    Default Gravatar
    September 25, 2016

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

      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.


    Default Gravatar
    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.

      Default Gravatar
      September 7, 2016

      Hi Wendy,

      Thank you for contacting Finder. 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.


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