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ING Home Loans & Rates Comparison
Today’s rates at a glance
ING best
5.99%
P.A. rate6.02%
Comparison*Mortgage Simplifier · Variable · P&I · ≤60% LVR
Market best
5.69%
P.A. rate5.71%
Comparison*ING is +0.30% higher
*Comparison rates based on a $150,000 loan over 25 years. Different terms, fees or loan amounts might result in a different comparison rate.
See if you can get a better rateING home loan rates
Easily compare ING's home loan interest rates. Use the filters to find rates to suit your needs. To check ING rates versus the lenders in our panel, just click 'compare'.
| Product | Rate | Comparison* | Type | Monthly | Compare |
|---|---|---|---|---|---|
| Mortgage Simplifier | |||||
| ≤60% LVR | 5.99%p.a. | 6.02%p.a. | Variable | $3,593 Principal and interest | Compare Lowest |
| ≤70% LVR | 5.99%p.a. | 6.02%p.a. | Variable | $3,593 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.04%p.a. | 6.07%p.a. | Variable | $3,613 Principal and interest | |
| ≤90% LVR | 6.24%p.a. | 6.27%p.a. | Variable | $3,690 Principal and interest | |
| Orange Advantage | |||||
| ≤80% LVR | 6.14%p.a. | 6.43%p.a. | Variable | $3,651 Principal and interest | Compare Lowest |
| ≤60% LVR | 6.14%p.a. | 6.43%p.a. | Variable | $3,651 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.14%p.a. | 6.43%p.a. | Variable | $3,651 Principal and interest | Compare Lowest |
| ≤90% LVR | 6.34%p.a. | 6.63%p.a. | Variable | $3,729 Principal and interest | |
| Fixed Rate Loan with Orange Advantage | |||||
| ≤70% LVR | 6.19%p.a. | 6.06%p.a. | Fixed 2yr | $3,671 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.19%p.a. | 6.10%p.a. | Fixed 2yr | $3,671 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.24%p.a. | 6.04%p.a. | Fixed 1yr | $3,690 Principal and interest | |
| ≤80% LVR | 6.24%p.a. | 6.09%p.a. | Fixed 1yr | $3,690 Principal and interest | |
| ≤90% LVR | 6.34%p.a. | 6.29%p.a. | Fixed 2yr | $3,729 Principal and interest | |
| ≤70% LVR | 6.39%p.a. | 6.13%p.a. | Fixed 3yr | $3,749 Principal and interest | |
| ≤80% LVR | 6.39%p.a. | 6.17%p.a. | Fixed 3yr | $3,749 Principal and interest | |
| ≤90% LVR | 6.39%p.a. | 6.28%p.a. | Fixed 1yr | $3,749 Principal and interest | |
| ≤95% LVR | 6.44%p.a. | 6.67%p.a. | Fixed 2yr | $3,769 Principal and interest | |
| ≤70% LVR | 6.49%p.a. | 6.20%p.a. | Fixed 4yr | $3,788 Principal and interest | |
| ≤80% LVR | 6.49%p.a. | 6.23%p.a. | Fixed 4yr | $3,788 Principal and interest | |
| ≤70% LVR | 6.49%p.a. | 6.24%p.a. | Fixed 5yr | $3,788 Principal and interest | |
| ≤80% LVR | 6.49%p.a. | 6.27%p.a. | Fixed 5yr | $3,788 Principal and interest | |
| ≤90% LVR | 6.49%p.a. | 6.34%p.a. | Fixed 3yr | $3,788 Principal and interest | |
| ≤95% LVR | 6.49%p.a. | 6.70%p.a. | Fixed 1yr | $3,788 Principal and interest | |
| ≤90% LVR | 6.59%p.a. | 6.40%p.a. | Fixed 4yr | $3,828 Principal and interest | |
| ≤90% LVR | 6.59%p.a. | 6.42%p.a. | Fixed 5yr | $3,828 Principal and interest | |
| ≤95% LVR | 6.59%p.a. | 6.69%p.a. | Fixed 3yr | $3,828 Principal and interest | |
| Fixed Rate Loan | |||||
| ≤70% LVR | 6.29%p.a. | 6.08%p.a. | Fixed 2yr | $3,710 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.29%p.a. | 6.12%p.a. | Fixed 2yr | $3,710 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.34%p.a. | 6.05%p.a. | Fixed 1yr | $3,729 Principal and interest | |
| ≤80% LVR | 6.34%p.a. | 6.10%p.a. | Fixed 1yr | $3,729 Principal and interest | |
| ≤90% LVR | 6.44%p.a. | 6.31%p.a. | Fixed 2yr | $3,769 Principal and interest | |
| ≤70% LVR | 6.49%p.a. | 6.16%p.a. | Fixed 3yr | $3,788 Principal and interest | |
| ≤80% LVR | 6.49%p.a. | 6.20%p.a. | Fixed 3yr | $3,788 Principal and interest | |
| ≤90% LVR | 6.49%p.a. | 6.29%p.a. | Fixed 1yr | $3,788 Principal and interest | |
| ≤95% LVR | 6.54%p.a. | 6.69%p.a. | Fixed 2yr | $3,808 Principal and interest | |
| ≤70% LVR | 6.59%p.a. | 6.24%p.a. | Fixed 4yr | $3,828 Principal and interest | |
| ≤80% LVR | 6.59%p.a. | 6.27%p.a. | Fixed 4yr | $3,828 Principal and interest | |
| ≤70% LVR | 6.59%p.a. | 6.28%p.a. | Fixed 5yr | $3,828 Principal and interest | |
| ≤80% LVR | 6.59%p.a. | 6.31%p.a. | Fixed 5yr | $3,828 Principal and interest | |
| ≤90% LVR | 6.59%p.a. | 6.37%p.a. | Fixed 3yr | $3,828 Principal and interest | |
| ≤95% LVR | 6.59%p.a. | 6.71%p.a. | Fixed 1yr | $3,828 Principal and interest | |
| ≤90% LVR | 6.69%p.a. | 6.43%p.a. | Fixed 4yr | $3,868 Principal and interest | |
| ≤90% LVR | 6.69%p.a. | 6.47%p.a. | Fixed 5yr | $3,868 Principal and interest | |
ING variable home loan rates
ING has two variable rate home loans that offer different levels of inclusions and interest rates based on various loan-to-value ratio (LVR) tiers.
Mortgage Simplifier Home Loan
ING’s Mortgage Simplifier home loan offers low interest rates and no ongoing fees. There’s no offset facility, but borrowers can redraw extra repayments at no extra cost. Borrowers with an Orange Everyday card can opt in to round up eligible purchases with the difference going towards repaying their home loan.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Mortgage Simplifier LVR of 60% or less | 5.99% p.a. | 6.02% p.a. |
| Mortgage Simplifier LVR of 60.01% to 70% | 5.99% p.a. | 6.02% p.a. |
| Mortgage Simplifier LVR of 70.01% to 80% | 6.04% p.a. | 6.07% p.a. |
| Mortgage Simplifier LVR of 80.01% to 90% | 6.24% p.a. | 6.27% p.a. |
| Mortgage Simplifier LVR of 90.01% to 95% | 6.69% p.a. | 6.72% p.a. |
The Mortgage Simplifier Home Loan has lower fees than ING’s other loans, with the only standard fee to consider being:
$350 settlement fee
Orange Advantage Home Loan
ING’s Orange Advantage Home Loan package is a more comprehensive variable rate loan option with better features. It includes a 100% offset facility and the ability to split with a fixed loan for a 0.10% discount on advertised fixed interest rates. ING’s everyday round up feature enables borrowers to pay the difference on eligible purchases made on a linked Orange Everyday bank account to go towards paying their home loan.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Orange Advantage LVR of up to 60% | 6.14% p.a. | 6.43% p.a. |
| Orange Advantage LVR of 60.01% to 70% | 6.14% p.a. | 6.43% p.a. |
| Orange Advantage LVR of 70.01% to 80% | 6.04% p.a. | 6.07% p.a. |
| Orange Advantage LVR of 80.01% to 90% | 6.24% p.a. | 6.27% p.a. |
| Orange Advantage LVR of 90.01% to 95% | 6.69% p.a. | 6.72% p.a. |
The main fees for ING’s Orange Advantage Home Loan include:
$299 annual fee
$350 settlement fee
ING’s fixed home loan rates
ING’s fixed rate home loan has no ongoing fees and it’s free to make additional repayments up to $10,000 per year. It can be split with an Orange Advantage variable rate home loan for a 0.10% discount on the advertised fixed rates. It offers fixed durations up to five years with LVR bands up to 95%.
Fixed Rate Home Loan
| Duration | LVR | Interest rate | Comparison rate* |
|---|---|---|---|
| 1 year fixed rate | 70% | 6.34% p.a. | 6.05% p.a. |
| 1 year fixed rate | 80% | 6.34% p.a. | 6.10% p.a. |
| 1 year fixed rate | 90% | 6.49% p.a. | 6.29% p.a. |
| 1 year fixed rate | 95% | 6.59% p.a. | 6.71% p.a. |
| 2 year fixed rate | 70% | 6.34% p.a. | 6.05% p.a. |
| 2 year fixed rate | 80% | 6.34% p.a. | 6.10% p.a. |
| 2 year fixed rate | 90% | 6.44% p.a. | 6.31% p.a. |
| 2 year fixed rate | 95% | 6.54% p.a. | 6.69% p.a. |
| 3 year fixed rate | 70% | 6.49% p.a. | 6.16% p.a. |
| 3 year fixed rate | 80% | 6.49% p.a. | 6.20% p.a. |
| 3 year fixed rate | 90% | 6.59% p.a. | 6.37% p.a. |
| 3 year fixed rate | 95% | 6.69% p.a. | 6.72% p.a. |
| 4 year fixed rate | 70% | 6.59% p.a. | 6.24% p.a. |
| 4 year fixed rate | 80% | 6.59% p.a. | 6.27% p.a. |
| 4 year fixed rate | 90% | 6.69% p.a. | 6.43% p.a. |
| 4 year fixed rate | 95% | 6.79% p.a. | 6.76% p.a. |
| 5 year fixed rate | 70% | 6.59% p.a. | 6.28% p.a. |
| 5 year fixed rate | 80% | 6.59% p.a. | 6.31% p.a. |
| 5 year fixed rate | 90% | 6.69% p.a. | 6.47% p.a. |
| 5 year fixed rate | 95% | 6.79% p.a. | 6.76% p.a. |
The fees on ING’s fixed rate home loan are:
$350 settlement fee
$749 fixed rate lock in fee
ING’s variable investment home loan rates
ING offers the same two variable rate home loans, the Mortgage Simplifier and Orange Advantage, for borrowers with an investment property.
Mortgage Simplifier Home Loan - investment
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Mortgage Simplifier LVR of 60% or less | 6.14% p.a. | 6.17% p.a. |
| Mortgage Simplifier LVR of 60.01% to 70% | 6.14% p.a. | 6.17% p.a. |
| Mortgage Simplifier LVR of 70.01% to 80% | 6.19% p.a. | 6.22% p.a. |
| Mortgage Simplifier LVR of 80.01% to 90% | 6.49% p.a. | 6.52% p.a. |
Orange Advantage Home Loan - investment
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Orange Advantage LVR of 60% or less | 6.29% p.a. | 6.58% p.a. |
| Orange Advantage LVR of 60.01% to 70% | 6.29% p.a. | 6.58% p.a. |
| Orange Advantage LVR of 70.01% to 80% | 6.29% p.a. | 6.58% p.a. |
| Orange Advantage LVR of 80.01% to 90% | 6.59% p.a. | 6.87% p.a. |
ING’s fixed investment home loan rates
| Duration | LVR | Interest rate | Comparison rate* |
|---|---|---|---|
| 1 year fixed rate | 70% | 6.39% p.a. | 6.19% p.a. |
| 1 year fixed rate | 80% | 6.39% p.a. | 6.24% p.a. |
| 1 year fixed rate | 90% | 6.49% p.a. | 6.52% p.a. |
| 2 year fixed rate | 70% | 6.39% p.a. | 6.22% p.a. |
| 2 year fixed rate | 80% | 6.39% p.a. | 6.26% p.a. |
| 2 year fixed rate | 90% | 6.49% p.a. | 6.52% p.a. |
| 3 year fixed rate | 70% | 6.44% p.a. | 6.25% p.a. |
| 3 year fixed rate | 80% | 6.44% p.a. | 6.29% p.a. |
| 3 year fixed rate | 90% | 6.54% p.a. | 6.53% p.a. |
| 4 year fixed rate | 70% | 6.54% p.a. | 6.59% p.a. |
| 4 year fixed rate | 80% | 6.59% p.a. | 6.37% p.a. |
| 4 year fixed rate | 90% | 6.69% p.a. | 6.59% p.a. |
| 5 year fixed rate | 70% | 6.59% p.a. | 6.37% p.a. |
| 5 year fixed rate | 80% | 6.59% p.a. | 6.39% p.a. |
| 5 year fixed rate | 90% | 6.69% p.a. | 6.61% p.a. |
ING’s variable interest-only home loan rates for owner occupier
ING has interest-only rates available on the same suite of variable and fixed rate loans. It enables borrowers to only pay the interest on their home loan for up to five years for owner-occupiers or ten years for investors, before the principal amount is added into repayments.
Mortgage Simplifier Home Loan - interest-only
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Mortgage Simplifier LVR of 60% or less | 6.44% p.a. | 6.21% p.a. |
| Mortgage Simplifier LVR of 60.01% to 70% | 6.44% p.a. | 6.21% p.a. |
| Mortgage Simplifier LVR of 70.01% to 80% | 6.44% p.a. | 6.24% p.a. |
Orange Advantage Home Loan - interest-only
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Orange Advantage LVR of 60% or less | 6.69% p.a. | 6.64% p.a. |
| Orange Advantage LVR of 60.01% to 70% | 6.69% p.a. | 6.64% p.a. |
| Orange Advantage LVR of 70.01% to 80% | 6.69% p.a. | 6.64% p.a. |
ING’s fixed interest-only home loan rates for owner occupiers
| Duration | LVR | Interest rate | Comparison rate* |
|---|---|---|---|
| 1 year fixed rate | 70% | 6.59% p.a. | 6.08% p.a. |
| 1 year fixed rate | 80% | 6.59% p.a. | 6.12% p.a. |
| 2 year fixed rate | 70% | 6.54% p.a. | 6.12% p.a. |
| 2 year fixed rate | 80% | 6.54% p.a. | 6.16% p.a. |
| 3 year fixed rate | 70% | 6.69% p.a. | 6.21% p.a. |
| 3 year fixed rate | 80% | 6.69% p.a. | 6.25% p.a. |
| 4 year fixed rate | 70% | 6.89% p.a. | 6.34% p.a. |
| 4 year fixed rate | 80% | 6.89% p.a. | 6.37% p.a. |
| 5 year fixed rate | 70% | 6.89% p.a. | 6.40% p.a. |
| 5 year fixed rate | 80% | 6.89% p.a. | 6.43% p.a. |
ING’s variable interest-only home loan rates for investors
Investors can access interest-only repayments on the same variable and fixed rate home loans.
Mortgage Simplifier Home Loan - investment (interest-only)
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Mortgage Simplifier LVR of 60% or less | 6.34% p.a. | 6.25% p.a. |
| Mortgage Simplifier LVR of 60.01% to 70% | 6.34% p.a. | 6.25% p.a. |
| Mortgage Simplifier LVR of 70.01% to 80% | 6.34% p.a. | 6.28% p.a. |
| Mortgage Simplifier LVR of 80.01% to 90% | 6.64% p.a. | 6.58% p.a. |
Orange Advantage Home Loan - investment (interest-only)
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Orange Advantage LVR of 60% or less | 6.44% p.a. | 6.62% p.a. |
| Orange Advantage LVR of 60.01% to 70% | 6.44% p.a. | 6.62% p.a. |
| Orange Advantage LVR of 70.01% to 80% | 6.44% p.a. | 6.62% p.a. |
| Orange Advantage LVR of 80.01% to 90% | 6.79% p.a. | 6.94% p.a. |
ING’s fixed interest-only home loan rates for investors
| Duration | LVR | Interest rate | Comparison rate* |
|---|---|---|---|
| 1 year fixed rate | 70% | 6.44% p.a. | 6.20% p.a. |
| 1 year fixed rate | 80% | 6.44% p.a. | 6.24% p.a. |
| 1 year fixed rate | 90% | 6.54% p.a. | 6.52% p.a. |
| 2 year fixed rate | 70% | 6.39% p.a. | 6.22% p.a. |
| 2 year fixed rate | 80% | 6.39% p.a. | 6.26% p.a. |
| 2 year fixed rate | 90% | 6.49% p.a. | 6.52% p.a. |
| 3 year fixed rate | 70% | 6.54% p.a. | 6.28% p.a. |
| 3 year fixed rate | 80% | 6.54% p.a. | 6.32% p.a. |
| 3 year fixed rate | 90% | 6.64% p.a. | 6.56% p.a. |
| 4 year fixed rate | 70% | 6.74% p.a. | 6.38% p.a. |
| 4 year fixed rate | 80% | 6.74% p.a. | 6.41% p.a. |
| 4 year fixed rate | 90% | 6.84% p.a. | 6.64% p.a. |
| 5 year fixed rate | 70% | 6.74% p.a. | 6.42% p.a. |
| 5 year fixed rate | 80% | 6.74% p.a. | 6.45% p.a. |
| 5 year fixed rate | 90% | 6.84% p.a. | 6.67% p.a. |
How competitive are ING’s home loan rates?
ING offers fairly competitive rates for its home loans, especially on its variable rate Mortgage Simplifier loan which generally has sharper interest rates than similar products in the market.
As for its fixed home loan rates, ING is pretty much on par with other lenders. Its fixed rates for investment properties are a bit more competitive than its owner-occupier loans. It's possible that they’re trying to attract more borrowers into the niche investor market for its home loans, an area it has been relatively weak in traditionally
While ING’s rates are decent value compared to other lenders, it's still worthwhile looking at other options to ensure that you're getting the most suitable home loan for your situation.
Compare ING’s home loan rates to other non-major lenders:
What are ING’s lowest home loan rates?
The lowest interest rate currently available at ING is seen in its Mortgage Simplifier variable rate home loan for both its 60% and 70% LVR bands.
If you’re wanting to compare fixed rate home loans, ING’s one and two year term investor loans at an LVR band of 70% or 80% are its lowest fixed rate products. The owner-occupier's fixed home loan will have a slightly higher fixed rate, but is at its lowest for the two-year duration at an LVR of 70% or 80%.
Shopping home loan rates beyond the big banks?
Non-major banks
Think ING, HSBC, Bendigo, Suncorp Bank etc. In terms of products and processes, these will be very similar to the big 4 banks who lead the trends in banking in Australia. But non-major banks often have lower rates and special offers (e.g. refinance cashback) in order to be competitive versus the bigger lenders. The non-major banks are still well-known brands with high-quality online tools systems.
Customer-owned
There are dozens of small member-owned banks and credit unions in Australia. Many are focussed on customers in a particular regional area, or even workers in a certain profession. These lenders often have the lowest rates in the market and personalised customer service, but the eligibility criteria may be more limited and the application process can be slow.
Non-bank lenders
Australian borrowers also have plenty of choice among non-bank home loan providers. Some are mainstream lenders (often online only) offering loans to your typical home loan borrowers. Others specialise in offering loans to cater for specific borrowers and scenarios, such as self-employed borrowers, bad credit borrowers or SMSF loans.