Orange Advantage Orange Advantage $150K+ LVR 80% (Owner Occupied)

  • 3.74%
    p.a Standard Variable
  • 3.83%
    p.a Comparison**
  • $299
    Upfront fees
  • $199
    Annual fees
  • 80%
    Max Lvr
  • $1,814
    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.

Standard 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 80% 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", "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 repaments Fortnightly and Monthly.

Interest Only Option
Max Interest Only
5 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.

Ongoing Yearly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Special - Please note the current fee waiver promotions for Fixed Rate Application, SmartPack and Orange Advantage annual fees will be extended until further notice. Orange Advantage annual fee ($199) waived for first year 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 promotions: Applicable for new applications with new to ING DIRECT security property 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 less than or equal to 80% - Fees and charges apply OTHER PRODUCT INFO: The ING DIRECT Orange Advantage home loan offers 100% interest offset with an Orange Everyday transaction account. The balance in an Orange Everyday is offset against the outstanding balance in the Orange Advantage when interest is calculated. So, the more the customer has in their Orange Everyday, the less interest they pay on their Orange Advantage and the faster they pay off their home loan. Max loan amount is $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. Available to personal borrowers only. NOTE: Maximum of two borrowers per Orange Advantage Maximum of two Orange Advantage home loans per customer. Features of the Orange Advantage Home Loan include: - A linked Orange Everyday transaction account - Salary crediting and depositing of other regular income into the Orange Everyday offset account to minimise interest charges - The ability to withdraw funds from the Orange Everyday using a Visa Debit Card - Life-of-loan interest rate discounts apply subject to combined residential borrowings (excluding Lo-Doc) with ING DIRECT. Key Benefits: - No application fee - Low annual fee - No fees for making additional repayments & unlimited free redraw - No ING DIRECT fee when varying your Orange Advantage - Direct salary crediting - Access to offset funds via EFTPOS, ATM, BPAY, Online and Phone banking - Unlimited free transactions at any ATM in Australia (ATM owner fee will be rebated) - International transfers via online banking Make additional regular or lump sum repayments at any time. No minimum redraw. Redraw available via BPay or Online & Phone Banking. Portability available, substitution of security subject to ING DIRECT credit approval criteria being met. Can be combined with Fixed Rate, Smart Home Loan, Action Equity and Mortgage Simplifier. Split loans allowed, can be split with other loan types. Maximum of 2 Orange Advantage home loans per customer Business purposes permitted except for working capital and tax liabilities. 100% Offset account Details: If there are joint borrowers each borrower will have a Visa Debit Card. A maximum of 2 Visa Debit Cards can be issued. - No ING DIRECT ATM fees - ING DIRECT will reimburse the ATM owner fee at any ATM in Australia, regardless of the amount being withdrawn International Transfers Available via Online Banking. EFTPOS Bonus: $0.50 for cash withdrawals of $200 or more in a single transaction Orange Advantage product is not available for company and trust borrowings.


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 85%, a minimum of 5% of purchase price over 3 months. For investment purchases with an LVR greater than 85%, a minimum of 10% 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