In this guide

  • Review
  • Details
    • Product details
  • How does the ING personal loan work?
  • How to apply
  • Features of this loan
  • Your reviews
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ING Personal Loan
Interest Rate (p.a.)
6.89% to 18.99%
Comp. Rate (p.a.)
7.10% to 19.23%
Min Loan Amount


This unsecured personal loan has a fixed interest rate from 6.89% p.a., loan terms of 2 to 7 years and maximum loan amounts of $60,000.

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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 6.89% p.a., with a comparison rate from 7.10% 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.


  • No annual or monthly fees
  • No penalties for additional payments
  • Flexible repayment options


  • Late payment fee of $20
  • Once set, can't extend the loan term

In this guide

  • Review
  • Details
    • Product details
  • How does the ING personal loan work?
  • How to apply
  • Features of this loan
  • Your reviews


Product details

Product Name ING Personal Loan
Interest Rate (p.a.) 6.89% to 18.99%
Comp. Rate (p.a.) 7.10% to 19.23%
Interest Rate Type Fixed
Min Loan Amount $5,000
Max. Loan Amount $60,000
Loan Security Unsecured

Congratulations, ING!

ING received the highly commended award for 'Personal Loans (Unsecured)' in the 2024 Product Awards.

Full list of 2024 winners

How does the ING personal loan work?

An ING personal loan has a fixed interest rate from 6.89% p.a. and a comparison rate from 7.10% 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.

How to apply

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
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Features of this loan

  • Fixed interest rate. No surprises or repayment variations with a fixed interest rate from 6.89% p.a., and a comparison rate of 7.10% 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.

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.

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