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ING Personal Loan

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An ING personal loan is a fixed term, fixed rate unsecured loan with no ongoing or early repayment fees.

If you're looking for a personal loan that gives you uniformity in your repayments, an ING personal loan could be a good solution. With a fixed interest rate, fixed term and no ongoing or early repayment fees, an ING personal loan offers certainty and predictability.

8.99% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


Product NameING Personal Loan
Interest Rate (p.a.)8.99% (fixed)
Comparison Rate (p.a.)9.13%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$30,000
Loan SecurityUnsecured
  • COVID-19 Update

If you're struggling to repay your personal loan, you can get in touch with the bank directly or read our guide.

Main points to consider with the ING Personal Loan

An ING personal loan has a fixed interest rate of 8.99% p.a. and a comparison rate of 9.13% p.a. As a fixed rate personal loan, the amount of your repayments is set is advance and will not change during the life of the loan.

This personal loan is unsecured, so you will not need to offer an asset as security for the loan.

Loan amounts vary between $5,000 and $30,000, with a loan term between 2 years to 5 years. Once the loan term is set, you can't extend the term.

The loan application process is completely online, with existing ING customers able to apply through their Internet banking account, and new customers starting the application process by completing an online form. Once approved, loan funds will be available on the same day for existing ING customers and within two to three business days for new customers.

Features of an ING Personal Loan

  • Fixed interest rate. No surprises or repayment variations with a fixed interest rate of 8.99% p.a., and a comparison rate of 9.13% p.a.
  • No ongoing fees. No annual or monthly fees. A late payment fee of $20 can apply for late or missed payments.
  • Early repayment options. No penalties for additional payments, and no early repayment fees if you choose to pay out the loan early. You can obtain the payout figure by contacting ING, or by calculating the remaining balance of the personal loan plus interest accrued at the date of payout.
  • Waived loan establishment fee. Existing customers will have the $100 personal loan establishment fee waived. New customers can opt to pay the loan establishment fee or apply for an ING Orange Everyday account during the loan application process and have the establishment fee waived.
  • Loan amount. Borrow between $5,000 and $30,000.
  • Fixed loan term. Loan terms are available between 2 years to 5 years. Once set, you can't extend the loan term, but you can pay off the loan early without penalty.
  • Fast access to funds. Existing ING customers will have loan funds disbursed on the same day that the loan offer is accepted. New customers will have loan funds disbursed into their nominated external bank account between two and three business days.
  • Flexible repayment options. You can make loan repayments via direct debit, either from your ING account or an external account. You can make repayments either fortnightly or monthly, and you can change the repayment account details or frequency at any time by contacting ING.
  • Simplicity of online banking. Successful loan applicants will have access to online banking to review loan statements and the status of their loan at any time, including the remaining loan term and upcoming repayment dates.

How to apply for an ING Personal Loan

If you think an ING personal loan could be the right choice for you, click "Go to Site" to begin the application process. Before you do, check the eligibility criteria and ensure you have all the info you'll need to sail through the online application.

To be eligible for an ING personal loan, you must fit the following eligibility criteria:

  • Be at least 18 years old
  • Be an Australian citizen or a permanent resident
  • Have an Australian residential address
  • Be employed and have access to your PAYG payslips
  • Earn at least $36,000 per year before tax
  • Have a good credit rating

Make sure you have the following information to hand before starting the online application:

  • Australian ID such as an Australian passport or driver's licence
  • Proof of income, including PAYG payslips and rental income statements if applicable
  • Information about your liabilities, including other loans and credit cards
  • Information regarding your spending and ongoing living expenses

An ING personal loan has several attractive features for potential borrowers. Before choosing any product, compare your options to make sure you are getting the best personal loan deal and the perfect features to suit your circumstances.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.45% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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  1. Default Gravatar
    June 26, 2019

    I have been approved for a $15,000 fixed interest loan over 3 years. The loan offer stipulates:
    You must make 78 repayments; These will be fortnightly; The amount of each repayment is $220.11; Total amount of repayments is $17,167.88.

    If I were to double my repayments and pay out in 1.5 years, does that mean I am only going to pay half the interest as well? Or will I need to pay out the balance to $17,167.88 as this is what is stipulated as the total amount?

    • Default Gravatar
      June 28, 2019

      Hi Meredith,

      Thanks for your inquiry.

      As I checked, doubling your repayment will not give you a half interest, please note that ING personal loan has a fixed interest rate, not variable. Your loan repayment may change, unless you change your repayment frequency – the amount of your repayments (monthly or fortnightly) remains the same for the life of the loan.

      I hope this clarifies.

      Kind regards,

  2. Default Gravatar
    May 5, 2019

    Hi! I would like to know if it’s possible to transfer my personal loan over?

    • Avatarfinder Customer Care
      May 6, 2019

      Hi Tara,

      Thank you for reaching out.

      If you will be eligible and will meet requirements set by ING Personal loan, then yes, you may refinance your personal loan to ING. Once approved with a new loan, you may use it to cover the cost of your previous loan.

      You can check our article on Personal Loan Refinancing should you wish to know more about refinancing a personal loan.

      Hope this helps! 😊

      Kind Regards,

  3. Default Gravatar
    April 19, 2019

    Hey there,

    I earn approx $3 to 4000 a month EXCEPT my employers pay me via my ABN. This means I don’t generally get PAYG slips, except for small amounts every now and then when I work a campaign for an employer who uses this method.

    Does me getting paid via ABN mean I couldn’t get a loan? I could show the invoices I write up for my employer each month, but I’m unsure whether this would be okay? If it would be, how far back do you generally need the payslips (in my case, invoices) to go back?

    How would a loan process work for me?

    • Avatarfinder Customer Care
      April 20, 2019

      Hi Andy,

      Thank you for getting in touch with Finder.

      If you consider getting a personal loan with ING, please contact them directly regarding your current employment situation and financial background. They would then be able to provide more accurate info on payslips or bank details that you need to provide them. Looking at the scenario you’ve mentioned, you may fall on self-employed personal loan. You may use this page as a guide on this matter.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!


  4. Default Gravatar
    March 11, 2019

    I am looking to consolidate my credit cards into a personal loan. Is that something you can help with?

    • Avatarfinder Customer Care
      March 11, 2019

      Hi Gary,

      Thanks for getting in touch with Finder. I hope all is well with you. πŸ˜ƒ

      Yes, it is possible for you to consolidate to transfer your balance from your credit cards to a personal loan. To know more information on how to do this, please go to this page.

      On that page, you will see a table that allows you to conveniently compare unsecured personal loans that could help you consolidate. You can compare based on interest rate, minimum loan amount, and term of loan, to name a few. Once you found the right one for you, click on the “Go to site” green button to learn more or initiate your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  5. Default Gravatar
    February 21, 2019


    I am an ING customer, I am looking for personal loan to borrow 25000 dollars with no fix return duration. I want to return it back as soon as I got the money. Can you direct me for further information? Thank you

    • Avatarfinder Customer Care
      February 22, 2019

      Hi Kenny,

      Thank you for reaching out to Finder.

      Currently, all personal loans provided by ING have a fixed period on repayment. ING does not offer loans with a no fix return duration. Hope this helps!


  6. Default Gravatar
    February 12, 2019

    Hi – I have a son who turns 17 later this year. He has full time employment as an apprentice and is earning good money. He has a plan in place to buy himself a work truck as a long term vehicle and has commenced a savings plan to achieve this. This plan will see him having approx half the amount he wishes to spend saved by October 2019 ($20,000). What he would like to do is obtain finance for the remainder (approx $20,000) which he will plan to pay off within a further 12-18 months (loan will be taken over 3-4 years but intention is to repay early. We are happy to guarantor a loan for him. Can you advise if this is something ING would finance?….Thankyou.

    • Avatarfinder Customer Care
      February 13, 2019

      Hi Robert,

      Thank you for reaching out to finder.

      Yes this is something that could be arranged with ING specially with a guarantor to secure the loan requested. Since this is for a vehicle, you may want to check our review page on the ING car loan by clicking here. The application will take approximately 10 minutes and can be completed online. Your son can also call the lender if you need help completing your application. Hope this helps!


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