This was posted 3 years 12 days ago, and might be an out-dated deal.

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ING Owner Occupied Home Loans from 1.99% Variable (CPR 2.02%) up to 80% LVR

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ING Owner Occupied Home Loans from 1.99% Variable (CPR 2.02%) up to 80% LVR
Go to Deal
Store RepLoan Base @ Loan Base on 10/11/2021 - 15:03 ing.com.au (277 clicks)
Last edited 10/11/2021 - 16:52 by 1 other user

Plus $3,000 ING cashback per application (>$500k, <80%LVR), no limits on applications eg. $6,000 for 2 properties, $9,000 for 3 properties etc.
As of 10 November 2021, ING has announced that they are reducing their variable rates as low as 1.99% pa (2.02% comp), on the mortgage simplifier up to 80% loan-to-value ratio (LVR). Effective for new loan applications from 11 November 2021.
They also currently have a 3 day SLA. However, fixed rates have increased, which has been the current trend with many lenders recently.
All fixed loans can be split with a variable 100% offset if you add Orange Advantage package annual fee $299, including offset account, redraw, credit card.
ING one off legal fee $299

ING Offerings:

ING variable rates "Basic" Mortgage Simplifier - no annual fee, no offset, free redraw.

  • 1.99% (CPR 2.02%) up to 80% LVR
  • 2.29% (CPR 2.32%) up to 90% LVR
  • 2.29.% (CPR 2.32%) up to 80% LVR - Investment P&I

ING variable rates "Package" Orange Advantage 100% offset $299 annual fee

  • 2.04% (CPR 2.40%) up to 80% LVR
  • 2.34% (CPR 2.69%) up to 90% LVR
  • 2.34% (CPR 2.69%) up to 80% LVR - Investment P&I
  • 2.74% (CPR 3.08%) up to 80% LVR - Investment IO

ING Fixed rates under Orange Advantage Package. (+0.1% under "Basic" Mortgage Simplifier no annual fee)

  • 2.29% (CPR 3.80%) owner fixed 2yrs up to 80% LVR
  • 2.69% (CPR 3.76%) owner fixed 3yrs up to 80% LVR
  • 2.89% (CPR 3.72%) owner fixed 4yrs up to 80% LVR

Up to $1,000 Loan Base Broker Cashback Offer

  • Additional Broker Cashback is available on any refinance or purchase loan applications submitted through Loan Base until 30 November 2021.

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Whilst these offers are very compelling, they will not suit everyone and not everyone will qualify for them - please therefore contact us to confirm the best deals you could qualify for from our panel of over 50 lenders before applying

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HOW TO APPLY

You can apply through directly through the lender, or through an accredited broker, of which we have several across our team of specialists.

Our team is here to help, and will work to ensure we obtain the best pricing and offers possible for you. You can lodge an enquiry via our award winning tech platform here - https://loanbase.com.au/compare-home-loans-fva, or contact one of our brokers directly with their details below.

Leo Gonzales, Email: [email protected], Calendar link: https://calendly.com/loanbase-leo/initial
Eric Cheng, Email: [email protected], Calendar link: https://calendly.com/loanbase-eric/quickchat
Andrew Loucas, Email: [email protected], Calendar link: https://calendly.com/loanbase-andrew/quickchat

Loan Base Pty Ltd (ABN 95 162 141 915) ยท Australian Credit Licence Number 508 308
Head Office: Level 1, 1-5 Link Road, Zetland, NSW, 2017. Phone: 1300 512 377.

Mod: Removed duplicate from title

Referral Links

Referral: random (658)

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

  • chillybags on 10/11/2021 - 15:12
    +1

    Currently with ING orange advantage - <80% LVR, Owner occupier - getting 2.8% variable - can I refinance under this offer? Any other offers worth considering?

    • Herb Utsmellz on 10/11/2021 - 17:56

      Worth a call. Tell them you want the offer or you will look elsewhere

    • Sirlofty on 10/11/2021 - 17:57

      I'm the same except 2.98%. Might have to look at refinancing.

    • mawplawp on 11/11/2021 - 13:04

      Any luck getting the deal as a current customer?

  • Sapiens on 10/11/2021 - 15:12
    +1

    Minimum home loan amount?

    • Store RepLoan Base @ Loan Base on 10/11/2021 - 18:22

      Hi @Sapiens,
      ING's minimum loan amount is typical $150,000. However, to be eligible for the cashback it would need to be at least $500,000.

  • RogerWilco4 on 10/11/2021 - 15:22
    +11

    Avoid ING. Was previously with ING who jacked our interest rate up shortly after the loan settled, while advertising a lower interest rate for "new customers". Very frustrating.

    Decided to switch to Athena who offered 1.99% variable rate and provide a guarantee that they will always offer existing customers the same rate as new customers. Has been awesome so far, no issues whatsoever.

    • soan papdi on 10/11/2021 - 16:07
      +2

      Agreed regarding ING. They treat existing customers like garbage. UBank is similar to Athena, one rate for all their customers.

      • cache on 10/11/2021 - 16:10
        +1

        Not true about UBank. They recently lowered variable rate for new customers only. Existing ones had to "haggle" for their rates to be matched.

        • soan papdi on 10/11/2021 - 16:11

          I was not aware of that. We moved away from UBank just recently.

        • RogerWilco4 on 10/11/2021 - 16:37

          Yeah UBank do the same as ING. Save yourself the long run $$$ and go with Athena from the outset.

    • Kas on 11/11/2021 - 14:49
      +1

      I am with Athena since September 2019… they are really good…

      • RogerWilco4 on 12/11/2021 - 07:09

        Yeah I think they're great too. Got so sick of being on the mortgage merry-go-round with refi every few years. Much better to just have a lender who gives their best rate to all customers. Creates a lot more value for the customer in the long run.

  • Tsapena on 10/11/2021 - 15:28
    +1

    Yes, and as soon as they rope you in they will gradually jack your rate up citing higher costs of borrowing money from overseas.
    It's well known that its standard practice with ING.

    • Usemame on 10/11/2021 - 16:15

      could one use this just for the cashback and refi out?

      • Tsapena on 10/11/2021 - 16:28

        Sure if you want all the paperwork and extra enquiries on you credit file

  • DoUKnowTheMuffinMan on 10/11/2021 - 15:35

    Probably not a the best time to jump on a variable rate right now…

    • dcep on 10/11/2021 - 17:52

      var going down , fixed going up …. what gives

  • thydzik on 10/11/2021 - 16:27

    What fees bring the comparison rate to 2.02%? Any annual fees?

    edit: looks like it is just the ING one off legal fee $299.

  • D0nny on 10/11/2021 - 19:42

    Ing increased their fixed interest rates today!

    • Kas on 10/11/2021 - 20:49

      Yes, that is the trick, interest rates will be increased within next couple of months… so they want to get lot of people under variable rate before they increase the rate. This 1.99% is not going to last for long… If you can get a below 2% fixed rate for 2 or 3 years… I think that is the best option at this stage.

  • qiminghenfan on 11/11/2021 - 14:49

    'They also currently have a 3 day SLA', what is SLA?

    • Store RepLoan Base @ Loan Base on 12/11/2021 - 11:18

      Hi @qiminghenfan,
      SLA refers to service level agreement. In other words, the approximate turnaround time for the lender to process your application once it has been submitted. This can be important for some people as some lenders are taking up to 18 days before they look at an application. With Christmas just around the corner, it can be anticipated that processing times will slow down.

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