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- Fixed Rate Loan
Fixed Rate Loan
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.15%
Fixed Rate Loan
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.15%
ING Fixed - 3 years Rate Home Loan overview
For Fixed Rate Home Loan 3 Years (LVR < 80%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$50k - $2m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly
Target Market Determination
Visit ING to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$798
Application fee
$499
Legal fee
$0
Valuation fee
$0
Settlement fee
$299
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$250
Pros and Cons
For Fixed Rate Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
