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ING cuts offset loan rate

17/08/2010

ING DIRECT has decreased the interest rate on its Orange Advantage 100 per cent offset home loan by 0.08 per cent to 6.71 per cent for new and existing customers, where total ING residential borrowings were $300,000 or more. ING said the move was a bid to “encourage and further reinforce the ING DIRECT value for money proposition”. The Orange Advantage offset gives customers access to everyday transactional banking for the first time.

Source: The Advisor



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