ING home loan review
ING is an established Australian lender, and Ratesniffers tracks 50 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.04% p.a., and its lowest fixed rate is 6.19% p.a. That sits about 15 basis points below the market median of 6.19% p.a., putting it among the more competitive lenders right now.
Is ING a good home loan lender?
ING suits borrowers happy to bank without branches and to pay one annual fee for a full offset. Ratesniffers checked its published fee brochures and product pages on 3 Sept 2026. The trade-off is structure: the offset comes only with Orange Advantage, and the fee free Mortgage Simplifier has no offset facility at all.
What we looked at
Ratesniffers ranked and described this lender from the verified rate snapshot on this page, then read the lender's own published product pages and fee documents listed under Sources below. Sources were checked on 3 Sept 2026. There are no scores, no stars and no user reviews here, only what the lender publishes and what the snapshot shows.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
ING home loan interest rates by term
The lowest owner-occupier, principal and interest rate ING has published per term, from the same rate snapshot as the panel above.
| Term | Interest rate | Comparison rate |
|---|---|---|
| Variable | 6.04% p.a. | 6.32% p.a. |
| 1-year fixed | 6.24% p.a. | 6.11% p.a. |
| 2-year fixed | 6.19% p.a. | 6.14% p.a. |
| 3-year fixed | 6.39% p.a. | 6.22% p.a. |
| 5-year fixed | 6.49% p.a. | 6.35% p.a. |
The case for
- Its sharpest variable rate sits below the market median of 6.19% p.a. in the rate snapshot on this page.
- Orange Advantage carries a $299 annual package fee that includes a 100% interest offset facility through a linked Orange Everyday account, a discount on an owner occupied fixed rate, and no variation fees.
- The Mortgage Simplifier carries no ongoing monthly or annual fee and still allows additional payments and redraw.
- The discharge fee is $250, full or partial, across every ING home loan product, and fixed rate loans switch to variable at the end of the term free of charge.
- An application can be started online in around 10 minutes, after which a home loan specialist completes it by phone.
- Published owner occupied principal and interest LVR tiers run from 60% or less through to 95%, on minimum total borrowings of $150,000.
What to weigh up
- A $350 settlement fee is charged for each loan application at settlement.
- The Mortgage Simplifier has no offset facility, so a full offset means paying the Orange Advantage annual fee.
- Fixed rate loans have no offset and no redraw, and additional payments of $10,000 or more in an anniversary year can trigger break costs.
- Locking a fixed rate before settlement costs $749 per fixed rate loan account, and changing the letter of offer before settlement costs $250.
- ING describes itself as a branchless bank, and a $300 variation fee applies on every product except Orange Advantage.
Who ING suits and who it does not
ING tends to suit borrowers who bank online, keep a healthy balance in an everyday account and are borrowing at least $150,000, because Orange Advantage turns that balance into a full offset for $299 a year. It suits less well for anyone who wants a fixed rate with offset or redraw, since ING publishes neither on its fixed loans, or for anyone who wants face to face servicing, because ING is a branchless bank.
ING home loans: our verdict
ING is a credible choice whose lowest variable rate of 6.04% p.a. currently sits about 15 basis points below the market median, which is competitive today (last updated 23 Sept 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.
Sources checked 3 Sept 2026: ING, Orange Advantage home loan; ING, Mortgage Simplifier home loan; ING, Compare home loans; ING, Pre settlement fees and charges; ING, Post settlement fees and charges; ING, Ways to bank. Fees and product terms change, so confirm them with ING before applying.
See if you can do better than ING
The advertised rate isn't always the rate you'll be approved for. Compare ING against the wider panel, or have your scenario negotiated, at no cost.