Mortgage Simplifier Home Loan (Interest Only) ($500k-$1m, LVR < 80%)
- Last updated on 08 Apr 2020
based on $300,000 loan amount for 25 years
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments + redraw services
- Free redraw facility
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$500k - $1m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
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ING Australia is owned by ING Group, a multinational bank that is headquartered in Holland. ING has held an Australian banking licence since 1999, and has more than 1,000 staff and 1.5 million customers.
ING’s Australian corporate head office is in Sydney, although the bank doesn’t have any branches. Instead, customers interact with the bank by phone, by email or over the internet.
Borrowers can apply for an ING home loan online or over the phone.