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ING

Mortgage Simplifier

Awards

Winner of Best Large Bank Home Loan, RateCity Gold Awards 2021

Advertised Rate

1.99

% p.a

Variable

Comparison Rate*

2.02

% p.a

Maximum LVR
80%
Real Time Rating™

4.39

/ 5
Monthly Repayment

$1,270

based on $300,000 loan amount for 25 years at 1.99%

Advertised Rate

1.99

% p.a

Variable

Comparison Rate*

2.02

% p.a

Maximum LVR
80%
Real Time Rating™

4.39

/ 5
Monthly Repayment

$1,270

based on $300,000 loan amount for 25 years at 1.99%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,270

based on $300,000 loan amount for 25 years at 1.99%

ING home loans are available through brokers who can help find the right loan and manage your application at no charge.

Bianca Dacic

5.0
51 Reviews

Get expert advice from a home loans specialist.

Loan-Savvy is committed to helping you find the right financial solution. Whether you are looking to purchase your first home, expand your investment portfolio or refinance your existing mortgage. We are a qualified Finance Brokerage, located in the Caroline Springs area of Victoria. Possessing industry experience, knowledge and contacts, to help you secure the right loan for your circumstance. Loan-Savvy is dedicated to your financial goals and always has your best interest in mind. We will take the time to understand your goals and assist with structuring a loan appropriately inline with your financial goals. We takes the stress out of the process and allow you to focus on the important things in life. Loan-Savvy facilitates all the available options, allowing you to make an informed decision in choosing the correct lending product.

VIC3023

CRN: 510930

Quick home loan review

For Mortgage Simplifier Home Loan (Principal and Interest) ($150k-$500k, LVR < 80%)

These are the benefits of this home loan.

  • 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
  • Features on 2021 RateCity Awards

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Mortgage Simplifier Home Loan (Principal and Interest) ($150k-$500k, LVR < 80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

299

Application fee

0

Valuation fee

$0

Settlement fee

299

Other upfront fee

0

Ongoing fee

$0

Discharge fee

250

Application method

Online

Phone

In branch

Specials
  • Cashback $3000 refinance cashback
    The Application must include the refinance of an existing home loan from another lender and be for a total loan amount of at least $500,000. This refinance amount of $500,000 excludes refinances of existing ING loans. The new ING Home Loan must have a loan to value ratio (LVR) of 80% or less; The new ING Home Loan must settle on or before 31 March 2022; and An active ING Orange Everyday transaction account must be held in the same name(s) as the new ING Home Loan at the time that the cashback is paid (which will occur within 70 days after settlement). T&Cs apply.

Target Market Determination

Visit ING to view Target Market Determination.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $500k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

ING allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

ING allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $299 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

ING makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this ING loan is available through a broker. Find a broker to help you with your needs.