Mortgage Simplifier Mortgage Simplifier $150K+ LVR >80% up to 90% (Principal & Interest) (Owner Occupied)

  • 3.83%
    p.a Basic Variable
  • 3.84%
    p.a Comparison**
  • $299
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max LVR
  • $1,815
    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.

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 90% 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
Internet Banking
Telephone Banking
Credit Card
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


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'. FOR MORE INFORMATION PLEASE REFER TO THE ING DIRECT INTEREST RATE SHEET OR CONTACT YOUR BDM. Fixed Rate Application & SmartPack Fees Waived - Extended Until Further Notice. ING DIRECT will waive Fixed Rate application and SmartPack fees. Where these fees would normally apply, this represents a customer saving of $499. 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) ORANGE ADVANTAGE & MORTGAGE SIMPLIFIER SMARTPACK LVR BASED DISCOUNTS PROMOTION Conditions apply. To be eligible for the Orange Advantage & Mortgage Simplifier SmartPack LVR Based Discounts promotion, the following conditions apply: - Applicable until further notice - Applications must be for a new loan with new security property to ING DIRECT - The LVR (Loan to Value Ratio) for the new loan application must be above 80% and less than or equal to 90% - Fees and charges apply OTHER PRODUCT INFO: **When submitting application, please be sure to state SMARTPACK APPLIES in comments section so that ING are aware when assessing the application. The ING DIRECT SmartPack is a package which rewards high value customers with life-of-loan interest rate discounts. Interest rate discounts are applicable on the Mortgage Simplifier and the Smart Home Loan. All the benefits of a Mortgage Simplifier or Smart Home Loan, PLUS; - Interest Rate discount for the life of the loan - Free loan splits - Includes the fixed rate home loan application fee (if applicable) If applying for a fixed rate loan, the SmartPack fee includes the fixed rate application fee. The relevant interest rate discount is applicable at the expiry of the fixed rate term. Aggregate Borrowings: SmartPack discount is available if total residential borrowings with ING DIRECT are $250,000 or more, which can be an aggregate of all loan types excluding commercial borrowings. Life-of-loan Discount: The interest rate discount applies to the applicable home loans, even if the total ING DIRECT borrowings fall below $250,000. NIVA Limit: Where SmartPack aggregation includes a Smart Home Loan, the NIVA limit is 3% of the total aggregate borrowings, to a maximum of $10,000.

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.

*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