$350 Cashback for Successfully Obtaining a Personal Loan (from $5,000 to $60,000, up to 7 Years Terms) + $199 Estab. Fee @ ING

40

Go to Deal

Lwarrdan on 12/03/2025 - 13:16 campaigns.ing.com.au (110 clicks)
Last edited 12/03/2025 - 14:25 by 2 other users

LUCKY350

All you need to do is apply using the code and be approved for your ING Personal Loan by 30 April 2025.

Then we will drop the $350 into your active Orange Everyday account within 60 days of meeting the criteria.

Important - don't forget to use promo code LUCKY350 in your ING Personal Loan application to qualify for the limited time bonus offer!

Personal Loan $350 cashback bonus offer

To be eligible to receive the $350 cashback bonus you, must satisfy each of the following (the ‘Eligibility Criteria’):
• Not currently hold an ING Personal Loan, or have held an ING Personal Loan in the 12 months prior to 12 March 2025; and
• Apply and be approved for a new ING Personal Loan before 30 April 2025; and
• Either be the original recipient of this email, or have entered the promo code LUCKY350 at the time of the ING Personal Loan application; and
• Hold at least one active and not restricted Orange Everyday account at the time the $350 cashback bonus is paid.

Once you’ve met the Eligibility Criteria, ING will make a payment of $350 into an Orange Everyday account in your name within 60 days, provided that both the ING Personal Loan and Orange Everyday account are active and not restricted at the time of the payment. If you have more than one active and unrestricted Orange Everyday account, the payment will be made to the account with the highest balance on the day the payment is made. This may be an account held jointly. For the avoidance of doubt, any customer who meets the Eligibility Criteria can only receive the $350 payment once, even if:
• they meet the Eligibility Criteria multiple times; or
• the payment is made into a jointly held Orange Everyday.

This offer is available for a limited time only and is not available in conjunction with any other promotional offer unless expressly indicated. This offer may have tax implications. You should seek independent tax advice.

Fees that may Apply

Establishment fee $199
Monthly fee $0
Late payment fee $30
Early repayment fee $0

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• 

  soan papdi on 12/03/2025 - 13:23

  +3

  So can I pay it off on day one and wait for the bonus? Other than the credit check, what are the other downsides?

  • 

    OzBargainer4Eva on 12/03/2025 - 13:24

    Want to know too. Otherwise not really a deal, if you're going to be needing to folk more money out to get 350 cashback.

• 

  al2011 on 12/03/2025 - 13:36

  +10

  $199 establishment fee

  • 

    BrodensNephew on 12/03/2025 - 13:59

    You found the gotcha

• 

  tangcla on 12/03/2025 - 14:37

  So, have I got this right?
  Net cash position would be $151 ($350 less the $199 establishment fee), plus a hit on your credit score.

  • 

    MS Paint on 12/03/2025 - 15:01

    That's a fair bit of work for $150. Stuff that.

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  CheapCookie on 12/03/2025 - 16:24

  Do ING go off what you have in your savings account with them to decide if you qualify for a loan?

  About 3 years ago I applied for a 10k loan with a little over 11k in my savings account and was approved and had 2 years to pay it off.
  I paid it off under 2 years.
  Then just like this deal I was given a cashback offer, I think it was $250 cashback maybe?
  So I applied for a 5k loan and was knocked back.
  And my credit score was very good and I hadn't gotten any or applied for any credit cards or loans.
  But I had no savings at the time.

  Just curious if anyone else has had this experience or knows what their reasons are, seeing they won't just tell you when you ask.