- Home
- Home Loans
- ING
- Mortgage Simplifier
Mortgage Simplifier
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.17%
Mortgage Simplifier
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.17%
ING Variable Rate Home Loan overview
For Mortgage Simplifier Home Loan (Principal and Interest) ($500k-$1m, 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
Variable
Borrowing range
$500k - $1m
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
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$299
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$299
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$250
RateCity says
"Because home loans can be complex, ING is offering to help simplify your household budgeting, with no ongoing fees and free extra repayments, including via Everyday Round Up."
Pros and Cons
For Mortgage Simplifier
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
