ING - Fixed Rate Home Loan
Fixed | Fixed for 5 years | Owner Occupied | Principal & Interest | LVR up to 80% | Borrowing between $50,000 and $5,000,000
The ING Fixed Rate Home Loan offers an advertised interest rate of 5.84% p.a. and a comparison interest rate of 6.04% p.a.. The ING Fixed Rate Home Loan is suitable for Owner Occupiers with Fixed terms.
More ING Fixed Rate Home Loan details can be found below or visit ING to learn more or apply.
A Fixed rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 5.84% p.a. and a comparison interest rate of 6.04% p.a.
Advertised Rate
5.84% p.a. Fixed - 5 years
Comparison Rate
6.04% p.a. Fixed - 5 years
Application Fee
N/A
Loan To Value
80%
Interest
Rate Type
Fixed
Fixed Period
5
years
Advertised Rate
5.84% p.a.
Fixed - 5 years
Comparison Rate
6.04% p.a.
Fixed - 5 years
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$50,000 to $5.0m
Term
30
years
Loan To Value
80%
Repayment
Type
Principal & Interest
Frequency
Monthly, Fortnightly
Extra Repayments
Yes
Fees
Settlement Fee
$350
per event
Ongoing Fee
$0
per month
Discharge Fee
$250
per event
Rate Lock Fee
$749
per event
Late Payment Fee
$30
per event
Switch Loan Fee
$300
per event
Features
Redraw
No
Loan Offset
No
Loan Split
Yes
Loan Switching
Yes
Rate Lock
Yes
Who is the product designed for?
The Fixed Rate Loan is a home loan is for customers who are seeking a loan to purchase or refinance property that is to be paid off over time with regular payments. It has been specifically designed for:
- Customers who can provide residential property as security for the loan.
- Customers that wish to purchase residential property or refinance property as either owner occupiers or investors.
- Customers who would like to make principal and interest and may also have the option to make interest only repayments for a period of the loan term.
- Customers who do not want to pay any ongoing fees to ING under the Fixed Rate loan.
- Customers who want certainty of their monthly or fortnightly repayments and interest rate over a set period of 1-5 years.
- Customers who want the option to lock in the fixed interest rate applying at the time of the application for 90 days by paying a rate lock fee at the time of application.
- Customers who want to be able to make additional repayments up to $9,999 per settlement anniversary.
- Customers who meet the eligibility requirements.
Visit ING to view Target Market Determination Effective From: 2024-10-05.
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