Fixed Rate Loan 1 Yr Fixed Rate Loan 1 Yr $150K+ LVR 90% - 95% (Owner Occupied)

  • 3.79%
    p.a Fixed
  • 4.64%
    p.a Comparison**
  • $798
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max LVR
  • $1,985
    Per Month*


ING, also known as ING Direct, believe that they reinvented the way Australians bank by delivering simple, straightforward banking and good value products. ING DIRECT (the trading name of ING Bank (Australia) Limited) is the world's leading direct savings bank and is wholly owned by ING Group. Their motto is: simplicity is best, which also translates to the ING success story. Offering loan packages that are simple and easy to understand is just the start. Keeping general overheads low has made it easy to pass on the savings to their customers.

Fixed 1 Year

Loan switches to variable at the end of the fixed period.

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Basic Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

1 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly and Monthly.

Interest Only Option
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Special - Fixed Rate Application fees ($499) waived PLEASE NOTE: 'The Final interest rate is based on loan amount plus LMI cap. If the total loan amount including LMI cap exceeds the LVR bracket, a different interest rate will apply'. Important points to note for the above promotion: - Applicable for new applications with new to ING DIRECT security property - Fixed rate lock-in is available for a flat fee of $749 per fixed rate application - Standard pre and post settlement fees and charges apply, including Fixed Rate Lock In fees (where applicable) OTHER PRODUCT INFO: With the ING DIRECT Fixed Rate Loan product you can pay interest costs annually in advance. Existing fixed rate product (1-5 years) can be utilised. Loan converts to the Mortgage Simplifier Rate at the end of the fixed rate term together with any interest rate discounts for aggregation. Borrowers requiring the security of a fixed rate and the freedom to make additional payments (less than $10,000 in any 1-year period without incurring break costs). Max loan amount of $2,000,000 for total facility subject to ING DIRECT’s credit approval criteria. Higher amounts may be available on a case by case basis and at ING DIRECT’s discretion Key Benefits: No monthly account keeping fees - No annual fees - No transaction fees - Interest rate discount of 0.10% (off the standard 1-5 year fixed rate) Redraw not available until loan converts to a Mortgage Simplifier at end of fixed rate period. Portable, substitution of security subject to credit assessment. Can be combined with Mortgage Simplifier, Smart Home Loan and Action Equity. No maximum number of splits IO not available for owner occupied loans with REF. FIXED RATE LOCK-IN: The fixed rate can be locked in at the time of application and held for a period of 90 days, subject to receipt of Fixed Rate lock in form and fee. The interest rate will only be locked in once ING DIRECT receives payment of the Rate Lock In fee (i.e. the request and the Rate Lock In fee have successfully been processed). For further details on the terms and conditions, refer to the Fixed Rate Lock In form.

LVR Notes

LMI required for >80% LVR. Maximum LVR is inclusive of any capitalised LMI. Refinances (owner occupier & investor) – Maximum LVR of 80%


Where LMI required the applicant is to provide evidence of genuine savings as per LMI underwriting requirements. All applications lodged for REP/LMI must have Genuine Savings. For owner occupied purchases regardless of LVR and investment purchases with an LVR of greater than 80% and less than or equal to 90%, a minimum of 5% of purchase price over 3 months. Please refer to Underwriting Guidelines for further info and acceptable Gen Savings.

Fee Notes

ING will cover the cost of the initial valuation regardless of cost of the valuation. Fixed Rate Lock-In Fee: $749 (if selected). Split Fee: $100 per split.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided