
Get exclusive money-saving offers and guides
Straight to your inbox
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.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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).
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.
There are a number of fees you should be aware of with the Orange Advantage:
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:
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:
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 ?
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.
Cheers,
Danielle
May 7, 2017
Home occupied loan is that mean must live by self or family and cannot rent out?
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.
Cheers,
Liezl
October 1, 2016
Hi,
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?
Thanks
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 finder.com.au, 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.
Cheers,
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 through our home loans and credit cards page.
Cheers,
Anndy
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.
Cheers,
Anndy
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.
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.
Regards
Jodie