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Mortgage Simplifier

Variable Rate
6 .62% p.a.
Comparison Rate
6.62% p.a.
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For a limited time, Mortgage Simplifier will have an interest rate discount of 0.16% p.a. which works out to be 6.46% p.a and a comparison rate of 6.50% p.a where your total residential borrowings with ING DIRECT is $300,000 or more (SmartPack fee applies). The SmartPack fee has also reduced by $200 to $499.
A low rate home loan with no ongoing monthly or annual fees.
Make additional payments any time free of charge.
Access available funds with free redraw facility or use BPAY to pay bills online.
Basic
$50,000 $2,000,000
$0
95%
$0

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Loan Details

Loan Type
Basic
Security Type
ResidentialProperty
Availability
Owner Occupiers, Investors
Repayment Options
Principal & Interest, Interest Only
Repayment Frequency
Fortnightly, Monthly
Interest Rate Notes
Min Loan Term
1
Max Loan Term
30
Min Loan Amount
$50,000.00
Max Loan Amount
$2,000,000.00
Max Loan to Value Ration (LVR)
80%
Max LVR with Mortgage Insurance
95%
Features
Extra Repayments
Loan is Transferable (Portable)
Transfer Fee
$250.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate
0%
Redraw Available
Min Redraw Amount
$0
Max Redraw Amount
$0
Redraw Fee
$0
Redraw Notice Period
Same business day
Redraw Method
Internet, Phone, BPay
Redraw Notes & Comments
Split Account
Split Available
Max No. of Accounts for Split
0
Separate Statements for Split
Statement Frequency
2
Fixed Option
Fee for Fixing
$0
Fees
Application Fee
$0
Legal Fee
$220.00
Valuation Fee
$0
Settlement Fee
$0
Service Fee
$0
Exit Fee
$250.00
Early Termination Fee


Early Termination Fees (3 Year Cost)
$0
Early Termination Fees (5 Year Cost)
$0
Switching Fee
$0
Switching Fee Notes:
Break Costs


Nil

General Fee Notes:
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About ING DIRECT

ING DIRECT began operating in Australia in 1999. By doing business online, over the phone and through intermediaries, ING DIRECT keeps it overheads low and passes the savings onto customers in the form of competitive rates. Today, it has grown to become Australia’s fifth largest retail bank, with $21 billion in deposits, more than $37 billion in loans and around 1.4 million customers. ING DIRECT pioneered branchless banking in this country. By doing business online and over the phone, we keep our overheads low and pass the savings onto our customers in the form of competitive rates. While we like to do things differently, ING DIRECT holds an Australian banking license, all our deposits are guaranteed by the Australian government and our operations are regulated by the Australian Prudential Regulation Authority, a Federal Government regulator. More

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