Aggregate borrowing refers to total new residential ING DIRECT borrowings, excluding commercial loans.
To be eligible for Orange Advantage & Mortgage Simplifier LVR Based interest rates, the following conditions apply:
- Applications must be for a new loan with new security property to ING DIRECT
- The interest rate applicable is based on the capitalised LVR including any applicable LMI
Fixed Rate Loans will revert to the current Mortgage Simplifier variable interest rate at the end of the fixed interest period.
Important points to note:
- Where applicable LVR Based Interest Rates will apply.
- The interest rate discount that will apply at the end of the fixed interest period will be outlined in the customer’s loan documentation
For this to apply, the original loan amount, loan purpose and LVR must be eligible for LVR based interest rates at the time of application
Information and interest rates above are subject to change. All applications for credit are subject to ING DIRECT’s credit approval criteria. Interest rate discounts for LVR 90% or less are available only for new to ING DIRECT security property. This offer may be withdrawn at any time. Fees and charges apply.
The comparison rate is based on a loan amount of $150,000 over a loan term of 25 years.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
WARNING: If you select a fixed rate loan, break costs may be payable if at any time before the fixed term expires, you pay out your loan or you make additional payments of $10,000 or more in an anniversary year, or you ask us to change your loan type or fixed interest period. Break costs may be substantial.
Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to any of our products you, and your clients, should read the relevant Terms and Conditions booklet, available at our website or by calling 133 464. If you, or your clients, have a complaint, please call 133 464 at any time, as we have procedures in place to help resolve any issues you, or your client may have. Products are issued by ING DIRECT, a division of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823.