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ING Personal Loan

This unsecured personal loan has a fixed interest rate from 6.99% p.a., loan terms of 2 to 7 years and maximum loan amounts of $60,000.

The ING Personal Loan offers you uniform repayments, with a fixed interest rate, fixed term and no ongoing or early repayment fees. You can access your funds on the same day the loan offer is approved. Repayments are flexible, allowing you to repay your loan either fortnightly or monthly. Interest rates are fixed from 6.99% p.a., with a comparison rate from 7.20% p.a. If you’re not an existing ING customer, you may have to pay the $150 loan establishment fee, or have it waived by applying for an ING Orange Everday account. Loan amounts are limited and range from $5,000 to $60,000, with terms ranging from 2 to 7 years.

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From 6.99% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NameING Personal Loan
Interest Rate (p.a.)
From 6.99% (fixed)
Comparison Rate (p.a.)7.20%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$60,000
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 from 6.99% p.a. and a comparison rate from 7.20% 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 for loan terms between 2 to 5 years. You can also borrow up to $60,000 for loan terms between 6 and 7 years.

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 from 6.99% p.a., and a comparison rate of 7.20% 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 $150 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 $60,000.
  • Fixed loan term. Loan terms are available between 2 to 7 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.

Compare other personal loans

1 - 5 of 5
Name Product Mobile details underline Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
Harmoney Unsecured Personal Loan Fixed, 3 - 7 Years, $2,000 - $70,000
Harmoney Unsecured Personal Loan
3 - 7 Years, $2,000 - $70,000
to 19.09%
to 19.99%
$275 - $575
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3, 5 or 7 years terms.
NOW Finance No Fee Unsecured Personal Loan Fixed, 18 Months - 7 Years, $5,000 - $50,000
NOW Finance No Fee Unsecured Personal Loan
18 Months - 7 Years, $5,000 - $50,000
to 19.95%
to 19.95%
You'll receive a fixed rate between 5.95% p.a. and 19.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

Finder Exclusive: Apply and settle an unsecured personal loan of $30,000 or more to receive a $400 Westfield gift card. Ends on June 30 2022.
OurMoneyMarket Personal Loan Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Personal Loan
1 - 7 Years, $2,001 - $75,000
to 20.99%
to 23.83%
1.50% - 6%
min. $250
You'll receive a fixed rate from 5.65% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

Finder Exclusive: Apply before 30th of June 2022 to secure a 0.20% p.a. discount for the full term of your loan.
Wisr Personal Loan Fixed, 3 - 7 Years, $5,000 - $64,000
Wisr Personal Loan
3 - 7 Years, $5,000 - $64,000
to 17.95%
to 18.37%
You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
Citi Personal Loan Plus Variable, 3 - 5 Years, $5,000 - $75,000
Citi Personal Loan Plus
3 - 5 Years, $5,000 - $75,000
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

Finder Exclusive: Earn 150,000 Velocity Points when you apply and activate your account within 90 days from approval.

Compare up to 4 providers

Personal Loan Offers

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

You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3, 5 or 7 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate between 6.49% p.a. and 15.99% p.a. ( 7.41% p.a. to 16.84% p.a. comparison rate) based on your risk profile
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 22.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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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 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 list of 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 information on payslips or bank details that you need to provide them.

      Looking at the scenario you’ve mentioned, you may consider getting a self-employed personal loan. You can use our comparison table to help you find the lender that suits you. When you are ready, press the ‘Go to site’ button to apply.

      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. 😃

      Yes, it is possible for you to consolidate to transfer your balance from your credit cards to a personal loan. You may refer to our list of unsecured personal loans for a list of lenders that could help you consolidate.

      On that page is a comparison table you can use to find the lender that suits you. You can compare based on the interest rate, minimum loan amount, and term of the 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.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

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


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