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ING Variable Home Loan Interest Rate From 2.55% (Comp Rate 2.58%) + Discharge & 2 Year Annual Fee Refund From Azura Finanacial

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ING Variable Home Loan Interest Rate From 2.55% (Comp Rate 2.58%) + Discharge & 2 Year Annual Fee Refund From Azura Finanacial
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Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:14 ing.com.au (366 clicks)
Last edited 25/06/2020 - 11:56 by 1 other user

Hi OzBargainers,

I hope you are all well!

ING has just advised us of a rate reduction. Rate decrease is as follows:

Basic Product

  • Aggregate Borrowings $1 million+ LVR less than or equal to 80% - 2.55% (CR 2.58%)
  • Aggregate Borrowings $500k to less than $1 million LVR less than or equal to 80% - 2.59% (CR 2.62%)
  • Aggregate Borrowings $150k to less than $500k LVR less than or equal to 80% - 2.59% (CR 2.62%)
  • Aggregate Borrowings $150k+ LVR greater than 80% and less than or equal to 90% - 2.69% (CR 2.72%)

Orange Advantage:

  • Aggregate Borrowings $1 million+ LVR less than or equal to 80% - 2.60% (CR 2.95%)
  • Aggregate Borrowings $500k to less than $1 million LVR less than or equal to 80% - 2.64% (CR 2.98%)
  • Aggregate Borrowings $150k to less than $500k LVR less than or equal to 80% - 2.64% (CR 2.98%)
  • Aggregate Borrowings $150k+ LVR greater than 80% and less than or equal to 90% 2.74% (CR 3.08%)

For specific comparison rates please get in contact with myself so that I can calculate this for you based on your loan amount and term

Any refinances through Azura Financial will receive a rebate for their first two years annual fees ($395pa) plus a discharge reimbursement.

We are currently also able to offer the following lender rebates:

  • ANZ - $3,000
  • St George - $2000
  • Suncorp - $3,000
  • CBA - $2,000
  • Virgin - $2,500
  • BOQ - $2,500
  • Westpac - $2,000

If you have had any issues submitting applications with any lenders recently please allow me to run your scenario again through a diverse panel of lenders and see if I can be of assistance.

Nicholas O’Sullivan at Azura Financial
email: [email protected]
mobile: 0422 699 383
ACL: 389328

Mod: Third party information must be at the bottom of the deal description

Referral Links

Referral: random (667)

Until 30/11/2024, referrer and referee will each receive $100/$125 for opening new Orange Everyday & Saving Maximiser Accounts.

Referrer: Do not participate in the referral system if you do not have a current $100/$125 referral code.

Referee: To qualify, you are required to deposit a minimum $1,000 from an external source into the new Orange Everyday account, deposit any amount into the a Savings Maximiser Account, and make at least 5 (settled) card transactions within any calendar month with the new Orange Everyday card.

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closed Comments

  • jazattack on 24/06/2020 - 15:19

    Hi Nick,

    Can you please provide some more info regarding this comment.

    Any refinances through Azura Financial will receive a rebate for their first two years annual fees ($395pa) plus a discharge reimbursement.

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:22
      +1

      Hi Jazattack,

      Upon settlement I will credit your account with your first years annual fee ($395) as well as your discharge (Dependant on lender). On the anniversary of your loan we will then credit you a further $395.

      If you have any other questions please don't hesitate to get in touch.

      Best Regards,

      Nick

      • jazattack on 24/06/2020 - 15:26

        Hi mate,

        What are the T&C's around this. You've got dependant on lender. Discharge fee on a fixed load would be quite high.

        Thanks

        • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:29
          +1

          Hi Jazattack,

          We can cover discharge fees but not the break costs associated with a fixed loan.

          I would be more than happy to look at lenders offering rebates to try and offset these breakfee's for you.

          Look forward to hearing from you soon.

          Best Regards,

          Nick

  • jv on 24/06/2020 - 15:22
    +4

    Hi OzBargainers,

    I hope you are all well!

    No, we are in Victoria…

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:23
      +4

      Hi JV,

      Stay safe down there, there is a light at the end of the tunnel!

      • jv on 24/06/2020 - 15:25
        -5

        there is a light at the end of the tunnel!

        Not when Dan Andrews is driving the train…

        • Tock on 24/06/2020 - 15:27
          +5

          Yes, he is obviously to blame for the public's piss poor behaviour in visiting relatives and friends while sick or after testing positive.
          Pollies are damned if they do and damned if they don't in this pandemic (across both sides of politics).

          • jv on 24/06/2020 - 15:31
            +7

            @Tock:

            Yes, he is obviously to blame for the public's piss poor behaviour

            He's obviously to blame when he does nothing to prevent the behavior, and encourages it by allowing tens of thousands to break the rules and protest without any repercussions.

            Why doesn't he mandate jail for those known to have the virus who leave their house without a valid reason?

            • Tock on 24/06/2020 - 15:37
              +1

              @jv: So individual responsibility means nothing, the government must control our lives… libertarians and small governement folk (LNP, etc.) would be interested to hear that. Also, data analysis of Apple and Google movements has shown little impact from the BLM protests.
              https://ketanjoshidotco.files.wordpress.com/2020/06/melb_app…

              Possibly agree with you on the second point. Or at least harsher penalties, stronger campaigns, etc. People are selfish though so…

              • jv on 24/06/2020 - 15:40
                +1

                @Tock:

                the government must control our lives…

                this is not a normal situation, so yes, they must…

              • jv on 24/06/2020 - 15:41
                +2

                @Tock:

                shown little impact from the BLM protests.

                look at the stats in Victoria.

                People have become slack because the government gave the impression that 20,000 people next to each is OK.

                • Tock on 24/06/2020 - 15:53

                  @jv: I just showed you metadata on movements and (un)changes to people's behaviour… I await your evidence instead of some general "feels" (granted that feeling seems to make sense) that haven't been borne out in infection sources! Currently linked to large family gatherings in some council areas plus some super poor individual behaviour.

                  • jv on 24/06/2020 - 15:59
                    +1

                    @Tock:

                    I await your evidence

                    https://files.ozbargain.com.au/upload/14180/80800/capture.pn…

                    • Tock on 24/06/2020 - 16:04
                      +1

                      @jv: I can't tell if you are serious or not. I did lol though, that's all the proof anyome needs. "Correlation does not equal causation" - it's kinda famous for being sciencey.

                      Also:

                      "We've seen more cases, but they don't appear to be linked to the protests," Professor Peter Collignon, an infectious diseases expert at the Australian National University, told SBS News.

                      The nation's chief medical officer Brendan Murphy told reporters "we probably were lucky to have not seen major transmission at any of these events".

                      And Victorian chief health officer Brett Sutton said the protests had not contributed to a rise in cases around Melbourne. "I don't think the Black Lives Matter protest has contributed. We're not seeing people who've clearly acquired it there," he said.

                      • jv on 24/06/2020 - 16:17

                        @Tock:

                        "Correlation does not equal causation"

                        Yeah, it's just a 'coincidence'… 🙄

                        • Tock on 24/06/2020 - 16:22
                          +1

                          @jv: Thanks for illustrating my point exactly. =)

                          • jv on 24/06/2020 - 16:23
                            +1

                            @Tock:

                            Thanks for illustrating my point exactly. =)

                            No worries…
                            The graph shows you how slack Vics have become since Dan allowed the protests to happen.

                      • jv on 24/06/2020 - 16:21
                        +1

                        @Tock:

                        Victorian chief health officer Brett Sutton said the protests had not contributed to a rise in cases around Melbourne.

                        Yeah, he did such a great job with Cedar meats, we should 100% believe everything he says as gospel…

  • kisshell9 on 24/06/2020 - 15:24

    Does this rate decrease also apply to fixed rate for mortgage?
    They had increased it on 19 of june.

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:26

      Hi Kisshell9,

      ING have not advised us of any decrease to fixed rates however I will update this offer if I hear of anything.

      Best Regards,

      Nick

  • BKKJ on 24/06/2020 - 15:29
    +1

    Am I right in assuming these rates are for owner occupier loans only and not investor loans?

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:30

      Hi BKKJ,

      This is correct!

      Best Regards,

      Nick

    • cam83 on 24/06/2020 - 15:31

      yeah do you have any investment loan deals?

      • jv on 24/06/2020 - 15:35
        -3

        any investment loan deals?

        Are you still trying to import bulk hand sanitizer?

        • cam83 on 24/06/2020 - 15:37
          +1

          Block-quote Are you still trying to import bulk hand sanitizer?

          ?

        • bhunter101 on 24/06/2020 - 16:06

          Stop spamming posts with nuasance comments jv.

      • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:38

        Hi Cam83,

        Are you looking for fixed or variable rates?

        Best Regards,

        Nick

        • cam83 on 24/06/2020 - 15:52

          variable

          • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 16:16

            @cam83: Hi Cam83,

            If you are looking for a sharp rate with a cashback I would recommend Virgin Money as they are currently offering 3.04% on their variable product.

            They are also offering a $2,500 refinance rebate.

            Best Regards,

            Nick

  • wisc on 24/06/2020 - 15:34
    -1

    meh, same as other lenders, (ubank who im currently switching to) as i want to borrow over a mill (and im hoping most other people dont either)… nothing to see here, move along…

    • wisc on 25/06/2020 - 09:44
      • as if i want to borrow over a mission, i dont want to borrow that much lol.
        from the ubank page:
        2.59% p.a.
        Variable rate
        2.59% p.a.
        Comparison rate
      • Store RepNick-AzuraFinancial @ Azura Financial on 25/06/2020 - 09:56

        Hi Wisc,

        Thanks for your input.

        I don't work solely for ING, I work on behalf of 35+ lenders to find each client of mine the must suitable bank/product based on their scenario.

        If you are thinking of refinancing to UBank I would recommend Googling them first and reading there reviews.

        Best Regards,

        Nick

        • wisc on 11/07/2020 - 11:34

          I'm seeing that they are generally decent. I've noted that the website is not fanstastic, and neither is there response rate, however, many people love them for there no frills cheap interest rate. (and being backed by one of the major 4 I also see as a benefit)

          given they have just lowered there general variable rate to 2.49 - which is now lower than this amount even if you borrow over a mil… id say ubank is substantially ahead now.

  • soan papdi on 24/06/2020 - 15:35
    +2

    ING is great for sure
    - good service
    - excellent internet banking
    - good phone apps

    However they lure you in with low rates and jack it up as time goes on. They only care about new customers, not existing ones. Average moving charges ranges from $800 to $1200 (ballpark) based on my (and a friend's) experience.

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:41

      Hi Ggop,

      We are trying to reduce these 'moving charges' by covering your discharge costs.

      Best Regards,

      Nick

    • carboncider on 24/06/2020 - 15:42

      I have called ING about my mortgage with them around Nov 2019 as I saw a better offer from another bank, and asked if they could incentivise me to stay. They had to look into it and called me back a day later and offered a permanent rate discount. On a regular OA OO P&I with low LVR so YMMV.

      • soan papdi on 24/06/2020 - 15:48

        Yep, I called them too around the time I switched. They offered 3.21% (from 3.33%) while their new loans were at 2.89% (or maybe 2.84%).

        They're surely a good deal in the early years but don't be complacent and shop around after 2-3 years.

        • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:54

          Hi Ggog,

          This is a standard issue across all lenders.

          9/10 times a new to bank customers will be offered better pricing than an existing client.

          It is also worth noting that part of our service is reviewing your lending every 12 months to ensure you are on the sharpest possible rate.

          Best Regards,

          Nick

          • Trishool on 25/06/2020 - 08:14

            @Nick-AzuraFinancial: Nick,

            Im an existing customer with ING and on 3.3% and they refused to budge when I called them last year. Do you think you can do anything for me? Looking to refinance with an additional $30-$50K ontop of my existing balance.

    • itstuan on 24/06/2020 - 18:01

      @ggop you're right there. I got with ING cos they had the best rate at the time. However, gradually now I'm stuck with the highest interest when compare to major banks with proper branches and staff.

  • Moderatormoocher on 24/06/2020 - 15:42

    Nick, please do not mark your deals as a freebies. It's generally not the case for home loans.

    • jv on 24/06/2020 - 15:43

      Nick, please do not mark your deals as a freebies. It's generally not the case for home loans.

      Damn !!!

      I better cancel my application quickly then…

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:43

      Hi Moocher,

      Happy to amend this however it is worth noting the service we provide is a free service.

      How would you prefer me to mark this?

      Best Regards,

      Nick

      • Moderatormoocher on 24/06/2020 - 15:46

        Freebies are for deals that cost zero to the customer with no strings attached. Your deal title is for a home loan product, which is obviously not zero cost. If you wish to mention your free service can do so in the description. Thanks.

        Edit: I had already removed the freebie tag for you.

  • maxedin on 24/06/2020 - 15:42

    When is the effective date? No changes on the website

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:44

      Hi Maxedin,

      Rate is effective as of tomorrow!

      Best Regards,

      Nick

  • wiltonson on 24/06/2020 - 15:42

    Do they consider Interest Only loan for these rates?

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 15:48

      Hi Wiltonson,

      These rates are for P&I repayments.

      We have seen some sharp rates for IO recently.

      Would be happy to chat with you and submit pricing's with some lenders for you if you're interested.

      Best Regards,

      Nick

  • Rumbaar on 24/06/2020 - 15:52

    ING doesn't do construction loans, which is a shame and I would have used them during my build. That's now been fulfilled, and I'm currently paying 2.84% including a 0.9% discount.

    Which one of those plans has 100% redraw on extra repayments, and draws from extra repayments before drawing on other payments for repayments?

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 16:11

      Hi Ruumbar,

      The basic variable product has 100% redraw. I believe however that ING would direct the full repayments rather than draw on additional repayments.

      If you have any other questions please don't hesitate to get in touch.

      Best Regards,

      Nick

    • Trishool on 25/06/2020 - 08:29

      Hi Ruumbar,

      Which bank did you go to for that rate?

  • the4thzodiac on 24/06/2020 - 15:59

    Hi Nick,

    What is aggregate borrowings?

    Thx

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 16:12

      Hi The4thZodiac,

      Aggregate Borrowing = Total Lending

      Best Regards,

      Nick

  • dasher86 on 24/06/2020 - 16:09

    I thought comparison rates were required if lenders were advertising.

    • jv on 24/06/2020 - 16:12
      +1

      they are.

      • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 16:13

        Hi Dasher,

        As noted in the OP, For specific comparison rates please get in contact with myself so that I can calculate this for you based on your loan amount and term.

        Best Regards,

        Nick

        • dasher86 on 26/06/2020 - 16:10

          that's not how comparison rate advertising works.

          • Store RepNick-AzuraFinancial @ Azura Financial on 26/06/2020 - 16:28

            @dasher86: Hi Dasher,

            Please see the OP and you will notice they are already in there.

            If you would like your relevant comparison rate I'd be happy to work that out for you.

            Best Regards,

            Nick

  • vv2017 on 24/06/2020 - 16:38

    Will this rates apply to existing ING or only new loans?

    • Store RepNick-AzuraFinancial @ Azura Financial on 24/06/2020 - 16:41

      Hi vv2017,

      This offer is for new to bank customers formally approved from tomorrow.

      Best Regards,

      Nick

      • the4thzodiac on 24/06/2020 - 18:26

        So if we have an ING product (non-loan) eg savings a/c or everyday a/c we are not eligible?

        thanks.

        • Store RepNick-AzuraFinancial @ Azura Financial on 29/06/2020 - 09:11

          Hi The4thZodiac,

          If you have existing savings accounts you are still eligible.

          Best Regards,

          Carl

  • tids2k on 24/06/2020 - 17:21

    Hi Nick, any banks besides CBA do LMI waivers for banking professionals ?

    • Store RepNick-AzuraFinancial @ Azura Financial on 25/06/2020 - 09:13

      Hi Tids2k,

      As far as I am aware CBA is the only lender offering this product unless the applicant has a CFA or CPA and can be included under the accountant LMI waiver.

      Best Regards,

      Nick

  • itstuan on 24/06/2020 - 17:58

    Is this only for new customers? Existing ones still get highest rate comparing to major banks?

    • Store RepNick-AzuraFinancial @ Azura Financial on 25/06/2020 - 09:16

      Hi Itstuan,

      This is for new customers only.

      The sharpest rate we have recently achieved from a major bank is 2.53%.

      It is worth noting major banks will offer pricing based on their appetite for the deal ie. higher the loan and lower the LVR the sharper the pricing.

      Best Regards,

      Nick

  • starbearer on 24/06/2020 - 18:22
    +1

    Offset account?

    • Store RepNick-AzuraFinancial @ Azura Financial on 25/06/2020 - 09:17
      +1

      Hi Starbearer,

      If you are looking for an offset account you would be looking at the Orange Advantage product.

      Orange Advantage:
      Aggregate Borrowings $1 million+ LVR less than or equal to 80% - 2.60%
      Aggregate Borrowings $500k to less than $1 million LVR less than or equal to 80% - 2.64%
      Aggregate Borrowings $150k to less than $500k LVR less than or equal to 80% - 2.64%
      Aggregate Borrowings $150k+ LVR greater than 80% and less than or equal to 90% 2.74%

      If you have any further questions please don't hesitate to get in touch.

      Best Regards,

      Nick

  • bmerigan on 24/06/2020 - 21:47

    Not what the poster wants to hear but I'd strongly recommend looking for a loan with no annual fee. Yes they've got your back to start with but it's assumed you'll be in the loan for a while.
    Having said that, mortgage brokers are a valuable resource, and I don't have a problem recommending them.

    • Store RepNick-AzuraFinancial @ Azura Financial on 25/06/2020 - 09:22

      Hi bmerigan,

      Thanks for your comment.

      I personally review all of my clients lending every 12-18 months to ensure they are happy with the rate and service they are receiving.

      It is also worth noting the Mortgage Simplifier product does not have an annual fee.

      Best Regards,

      Nick

  • KarlDilkington on 25/06/2020 - 14:05

    Hi Nick,

    How does the discharge coverage go with rates that are currently fixed and would have break costs?

    • Store RepNick-AzuraFinancial @ Azura Financial on 25/06/2020 - 14:48

      Hi Karldilkington,

      We can cover discharge fees but not the break costs associated with a fixed loan.

      I would be more than happy to look at lenders offering rebates to try and offset these breakfee's for you.

      Look forward to hearing from you soon.

      Best Regards,

      Nick

  • Inter on 25/06/2020 - 21:20

    Any lenders offering rebates for new home loans?

    • Store RepNick-AzuraFinancial @ Azura Financial on 26/06/2020 - 12:13

      Hi Inter,

      Please see rebates below:

      ANZ - $3,000
      St George - $2000
      Suncorp - $3,000
      CBA - $2,000
      Virgin - $2,500
      BOQ - $2,500
      Westpac - $2,000

      Best Regards,

      Nick

      • Inter on 26/06/2020 - 22:06

        Hi Nick, do these apply for new purchase and refinance?

        • Store RepNick-AzuraFinancial @ Azura Financial on 29/06/2020 - 09:12

          Hi Inter,

          All of the above are for refinances.

          Best Regards,

          Nick

  • Flakuciernie63 on 27/06/2020 - 11:17

    Do ING have tight/stricter borrowing rules ? , run the calculator on few different banks websites , ING giving me about 100k weaker borrowing power than the others.

    Any thoughts ?

    • Store RepNick-AzuraFinancial @ Azura Financial on 29/06/2020 - 09:15

      Hi Gimbal,

      This is because ING's assessment rate is at 8% whilst other lenders assess 5-6%.

      Best Regards,

      Nick

  • UNO on 27/06/2020 - 17:00
    +1

    Hi,

    Interesting the variable rate here is only for new customers. As a recent ING customer I had some what assumed the variable rate was variable and would change as per the advertised rate. It feels like my variable rate is fixed!

    • slothhead on 29/06/2020 - 14:31

      I am also an ING customer and I wasn’t able to achieve parity with INGs “new customer” rates. They are essentially inviting existing clients to refinance to another bank.

      • UNO on 10/07/2020 - 18:46

        Totally agree, when my fixed rate comes off about 1.5 years to go I'll be going elsewhere.

        My variable rate is essentially fixed. I am sure if rates go up my variable rate will also go up!

  • kgree92 on 07/07/2020 - 22:30

    Hi,
    A couple of questions:
    - when does the annual fee and discharge fee refund get paid by you?
    - is there any terms + conditions? i.e. if we're not happy with the service, could we move to a different broker 1-2 months after settlement? I've had a couple of bad brokers that I've dealt with in the past and don't want to repeat the same.

    Thanks

    • Store RepNick-AzuraFinancial @ Azura Financial on 08/07/2020 - 09:04

      Hi Kgree92,

      I hope you are well.

      The discharge of loan and first years annual fee will be refunded after settlement. On the 1st anniversary of your loan we will credit you the next years fee.

      I can also confirm we do not charge a claw-back on fee refunds however if you typically refinance within 12 months it is best to approach the lender directly as brokers will receive a full claw-back on the commission.

      If you have any other questions please don't hesitate to get in touch!

      Best Regards,

      Nick

      • kgree92 on 08/07/2020 - 13:27

        Thanks and how often can we refinance per year? we'd like to take advantage of the different cashbacks going on at the moment

        • Store RepNick-AzuraFinancial @ Azura Financial on 08/07/2020 - 14:25

          Hi KGree92,

          There are no lender guidelines for how many times you can refinance however too many enquiries can affect your credit score and some lenders will want to see a minimum 3-6 months history with a previous lender.

          If you have any other questions please don't hesitate to get in touch!

          Best Regards,

          Nick

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