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ING BANK (Australia) Ltd home loan rates

ING BANK (Australia) Ltd's lowest advertised variable rate for a home you live in and pay down is 6.29%, if you owe 1–70% of the home’s value. It was read Monday 2 November, and is 0.44 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 6.59%, fixed for two years.

Since the Reserve Bank’s increase on Tuesday 29 September, ING BANK (Australia) Ltd has raised its lowest advertised variable rate from 6.04% to 6.29%. The change was first seen Friday 9 October. After the Reserve Bank’s increase has every lender.

130 advertised rates across 3 products, published by ING BANK (Australia) Ltd under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed.

Where it sits

6.29% ING BANK (Australia) Ltd, lowest variable rate if you owe 1–70%

5.85% The going rate

0.44 percentage points above the going rate

The going rate is the lowest rate at least three lenders reach, so one lender's odd price cannot set it.

Both are advertised new-customer rates. A negotiated discount is in neither. Read your own rate against this.

Lowest variable rate, if you owe 1–70%: 6.29%
Lowest fixed rate: 6.59%, two years
Lowest comparison rate: 6.32%
Rates published: 130, across 3 products
Last rate move: Thursday 8 October
Last read: Monday 2 November

For a home you live in and pay down. The other loan types are in the tables below.

Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value.

Owner-occupied, principal and interest

Variable

Mortgage Simplifier · owe 51–60% · 6.29% (6.32% with fees)
Mortgage Simplifier · owe 1–50% · 6.29% (6.32% with fees)
Mortgage Simplifier · owe 61–70% · 6.29% (6.32% with fees)
Mortgage Simplifier · owe 71–80% · 6.34% (6.37% with fees)
Orange Advantage · owe 51–60% · 6.44% (6.73% with fees)
Orange Advantage · owe 71–80% · 6.44% (6.73% with fees)
Orange Advantage · owe 1–50% · 6.44% (6.73% with fees)
Orange Advantage · owe 61–70% · 6.44% (6.73% with fees)
Mortgage Simplifier · owe 81–90% · 6.49% (6.52% with fees)
Orange Advantage · owe 81–90% · 6.54% (6.82% with fees)
Orange Advantage · owe 91–95% · 6.89% (7.17% with fees)
Mortgage Simplifier · owe 91–95% · 6.94% (6.97% with fees)

Fixed

Fixed Rate Loan · two years · owe 71–80% · 6.59–6.69% (6.42–6.44% with fees)
Fixed Rate Loan · two years · owe 1–70% · 6.59–6.69% (6.38–6.40% with fees)
Fixed Rate Loan · one year · owe 71–80% · 6.64–6.74% (6.40–6.41% with fees)
Fixed Rate Loan · one year · owe 1–70% · 6.64–6.74% (6.35–6.37% with fees)
Fixed Rate Loan · two years · owe 81–90% · 6.74–6.84% (6.57–6.59% with fees)
Fixed Rate Loan · three years · owe 71–80% · 6.74–6.84% (6.48–6.51% with fees)
Fixed Rate Loan · three years · owe 1–70% · 6.74–6.84% (6.45–6.48% with fees)
Fixed Rate Loan · one year · owe 81–90% · 6.79–6.89% (6.55–6.56% with fees)
Fixed Rate Loan · two years · owe 91–95% · 6.84–6.94% (6.95–6.97% with fees)
Fixed Rate Loan · three years · owe 81–90% · 6.84–6.94% (6.62–6.65% with fees)
Fixed Rate Loan · four years · owe 71–80% · 6.84–6.94% (6.55–6.59% with fees)
Fixed Rate Loan · four years · owe 1–70% · 6.84–6.94% (6.52–6.56% with fees)
Fixed Rate Loan · five years · owe 71–80% · 6.84–6.94% (6.59–6.64% with fees)
Fixed Rate Loan · five years · owe 1–70% · 6.84–6.94% (6.56–6.61% with fees)
Fixed Rate Loan · one year · owe 91–95% · 6.89–6.99% (6.96–6.97% with fees)
Fixed Rate Loan · three years · owe 91–95% · 6.94–7.04% (6.97–7.00% with fees)
Fixed Rate Loan · four years · owe 81–90% · 6.94–7.04% (6.69–6.72% with fees)
Fixed Rate Loan · five years · owe 81–90% · 6.94–7.04% (6.72–6.76% with fees)
Fixed Rate Loan · four years · owe 91–95% · 7.04–7.14% (7.01–7.04% with fees)
Fixed Rate Loan · five years · owe 91–95% · 7.04–7.14% (7.01–7.06% with fees)

Where a rate is shown as a range, ING BANK (Australia) Ltd published more than one under conditions it stated identically — same product, same term, same band, same loan size. Nothing published says which of them applies, so this does not guess.

Owner-occupied, interest only

18 rates

Variable

Mortgage Simplifier · owe 1–50% · 6.69% (6.49% with fees)
Mortgage Simplifier · owe 61–70% · 6.69% (6.49% with fees)
Mortgage Simplifier · owe 51–60% · 6.69% (6.49% with fees)
Mortgage Simplifier · owe 71–80% · 6.69% (6.52% with fees)
Orange Advantage · owe 1–50% · 6.94% (6.92% with fees)
Orange Advantage · owe 61–70% · 6.94% (6.92% with fees)
Orange Advantage · owe 51–60% · 6.94% (6.92% with fees)
Orange Advantage · owe 71–80% · 6.94% (6.92% with fees)

Fixed

Fixed Rate Loan · two years · owe 1–70% · 6.84–6.94% (6.43–6.45% with fees)
Fixed Rate Loan · two years · owe 71–80% · 6.84–6.94% (6.47–6.49% with fees)
Fixed Rate Loan · one year · owe 1–70% · 6.89–6.99% (6.38–6.39% with fees)
Fixed Rate Loan · one year · owe 71–80% · 6.89–6.99% (6.42–6.44% with fees)
Fixed Rate Loan · three years · owe 1–70% · 6.99–7.09% (6.51–6.54% with fees)
Fixed Rate Loan · three years · owe 71–80% · 6.99–7.09% (6.55–6.58% with fees)
Fixed Rate Loan · four years · owe 1–70% · 7.19–7.29% (6.64–6.68% with fees)
Fixed Rate Loan · four years · owe 71–80% · 7.19–7.29% (6.67–6.71% with fees)
Fixed Rate Loan · five years · owe 1–70% · 7.19–7.29% (6.71–6.75% with fees)
Fixed Rate Loan · five years · owe 71–80% · 7.19–7.29% (6.73–6.78% with fees)

No band here goes above 80% of the property's value. That means ING BANK (Australia) Ltd publishes none — not that it will not lend above 80%. Whether it does is not in this data.

Investment, principal and interest

25 rates

Variable

Mortgage Simplifier · owe 51–60% · 6.39% (6.42% with fees)
Mortgage Simplifier · owe 1–50% · 6.39% (6.42% with fees)
Mortgage Simplifier · owe 61–70% · 6.39% (6.42% with fees)
Mortgage Simplifier · owe 71–80% · 6.44% (6.47% with fees)
Orange Advantage · owe 51–60% · 6.54% (6.82% with fees)
Orange Advantage · owe 1–50% · 6.54% (6.82% with fees)
Orange Advantage · owe 61–70% · 6.54% (6.82% with fees)
Orange Advantage · owe 71–80% · 6.54% (6.82% with fees)
Orange Advantage · owe 81–90% · 6.74% (7.02% with fees)
Mortgage Simplifier · owe 81–90% · 6.74% (6.77% with fees)

Fixed

Fixed Rate Loan · one year · owe 1–70% · 6.79% (6.46% with fees)
Fixed Rate Loan · one year · owe 71–80% · 6.79% (6.51% with fees)
Fixed Rate Loan · two years · owe 1–70% · 6.79% (6.50% with fees)
Fixed Rate Loan · two years · owe 71–80% · 6.79% (6.54% with fees)
Fixed Rate Loan · three years · owe 1–70% · 6.84% (6.55% with fees)
Fixed Rate Loan · three years · owe 71–80% · 6.84% (6.58% with fees)
Fixed Rate Loan · one year · owe 81–90% · 6.89% (6.78% with fees)
Fixed Rate Loan · two years · owe 81–90% · 6.89% (6.80% with fees)
Fixed Rate Loan · three years · owe 81–90% · 6.94% (6.83% with fees)
Fixed Rate Loan · four years · owe 1–70% · 6.99% (6.64% with fees)
Fixed Rate Loan · four years · owe 71–80% · 6.99% (6.67% with fees)
Fixed Rate Loan · five years · owe 1–70% · 6.99% (6.69% with fees)
Fixed Rate Loan · five years · owe 71–80% · 6.99% (6.71% with fees)
Fixed Rate Loan · four years · owe 81–90% · 7.09% (6.90% with fees)
Fixed Rate Loan · five years · owe 81–90% · 7.09% (6.93% with fees)

Investment, interest only

25 rates

Variable

Mortgage Simplifier · owe 1–50% · 6.59% (6.50% with fees)
Mortgage Simplifier · owe 71–80% · 6.59% (6.53% with fees)
Mortgage Simplifier · owe 51–60% · 6.59% (6.50% with fees)
Mortgage Simplifier · owe 61–70% · 6.59% (6.50% with fees)
Orange Advantage · owe 1–50% · 6.69% (6.87% with fees)
Orange Advantage · owe 71–80% · 6.69% (6.87% with fees)
Orange Advantage · owe 51–60% · 6.69% (6.87% with fees)
Orange Advantage · owe 61–70% · 6.69% (6.87% with fees)
Mortgage Simplifier · owe 81–90% · 6.89% (6.83% with fees)
Orange Advantage · owe 81–90% · 6.94% (7.09% with fees)

Fixed

Fixed Rate Loan · two years · owe 1–70% · 6.79% (6.50% with fees)
Fixed Rate Loan · two years · owe 71–80% · 6.79% (6.54% with fees)
Fixed Rate Loan · one year · owe 1–70% · 6.84% (6.46% with fees)
Fixed Rate Loan · one year · owe 71–80% · 6.84% (6.51% with fees)
Fixed Rate Loan · two years · owe 81–90% · 6.89% (6.80% with fees)
Fixed Rate Loan · one year · owe 81–90% · 6.94% (6.79% with fees)
Fixed Rate Loan · three years · owe 1–70% · 6.94% (6.57% with fees)
Fixed Rate Loan · three years · owe 71–80% · 6.94% (6.61% with fees)
Fixed Rate Loan · three years · owe 81–90% · 7.04% (6.85% with fees)
Fixed Rate Loan · four years · owe 1–70% · 7.14% (6.69% with fees)
Fixed Rate Loan · four years · owe 71–80% · 7.14% (6.72% with fees)
Fixed Rate Loan · five years · owe 1–70% · 7.14% (6.74% with fees)
Fixed Rate Loan · five years · owe 71–80% · 7.14% (6.77% with fees)
Fixed Rate Loan · four years · owe 81–90% · 7.24% (6.95% with fees)
Fixed Rate Loan · five years · owe 81–90% · 7.24% (6.99% with fees)

What changed

ING BANK (Australia) Ltd last moved a rate on Thursday 8 October. Every rate is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Beside it

Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 46 publish a lower one than ING BANK (Australia) Ltd's 6.29%. The nearest either side:

Auswide Bank Ltd 6.29%
Connective Athena 6.29%
ING BANK (Australia) Ltd 6.29%
Macquarie Bank Limited 6.29%
NATIONAL AUSTRALIA BANK 6.29%

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what ING BANK (Australia) Ltd told you, it is usually one of these.

The published data is wrong

ING BANK (Australia) Ltd publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source. If the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: ING BANK (Australia) Ltd
ABN: 24000893292
Product Reference Data endpoint: https://id.ob.ing.com.au
Data read from that endpoint on: Sunday 1 November
Rate lines published at that time: 130

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.

Open the report form in a new tab ↗

The form is run by the Consumer Data Right, not by this site. Nothing you type here is sent anywhere — the text above is yours to copy.

This page reads it wrongly

The rate is published correctly and this page has misread it. A band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not: that one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Tell me through the feedback box. The data behind every page here is free to download if you would rather check it yourself first.

The other questions

Are you paying more than you need to? your rate against every lender publishing one
How fast should you pay it off? term, extra repayments, interest only
Don't have a loan yet? what to look at before you pick one
What does each lender advertise? every lender that publishes rates, a page each
What moved this week? which lenders changed an advertised rate
Where do these numbers come from? every published rate, and how fresh it is

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.