ING
Mortgage Simplifier
Low variable interest rate home loan with no ongoing monthly or annual fees.
Home loansBank updated 23 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.04% · 6.07% comparison
- Variable (investor P&I)
- 6.14%
- Max LVR
- 95%
- Annual fee
- $0
- Features
- redraw, extra repayments
§ 01 — Rates · 20
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInvestor - Interest only. | Investment · Interest only | — | 1–50% LVR · $150,000+ | 6.34% | 6.25% | — |
| VariableInvestor - Interest only. | Investment · Interest only | — | 51–60% LVR · $150,000+ | 6.34% | 6.25% | — |
| VariableInvestor - Interest only. | Investment · Interest only | — | 61–70% LVR · $150,000+ | 6.34% | 6.25% | — |
| VariableInvestor - Interest only. | Investment · Interest only | — | 71–80% LVR · $150,000+ | 6.34% | 6.28% | — |
| VariableInvestor - Interest only. | Investment · Interest only | — | 81–90% LVR · $150,000+ | 6.64% | 6.58% | — |
| VariableInvestor - Principal & Interest. | Investment · P&I | — | 1–50% LVR · $150,000+ | 6.14% | 6.17% | — |
| VariableInvestor - Principal & Interest. | Investment · P&I | — | 51–60% LVR · $150,000+ | 6.14% | 6.17% | — |
| VariableInvestor - Principal & Interest. | Investment · P&I | — | 61–70% LVR · $150,000+ | 6.14% | 6.17% | — |
| VariableInvestor - Principal & Interest. | Investment · P&I | — | 71–80% LVR · $150,000+ | 6.19% | 6.22% | — |
| VariableInvestor - Principal & Interest. | Investment · P&I | — | 81–90% LVR · $150,000+ | 6.49% | 6.52% | — |
| VariableOwner occupier - Interest only. | Owner occupied · Interest only | — | 1–50% LVR · $150,000+ | 6.44% | 6.21% | — |
| VariableOwner occupier - Interest only. | Owner occupied · Interest only | — | 51–60% LVR · $150,000+ | 6.44% | 6.21% | — |
| VariableOwner occupier - Interest only. | Owner occupied · Interest only | — | 61–70% LVR · $150,000+ | 6.44% | 6.21% | — |
| VariableOwner occupier - Interest only. | Owner occupied · Interest only | — | 71–80% LVR · $150,000+ | 6.44% | 6.24% | — |
| VariableOwner occupier - Principal & Interest. | Owner occupied · P&I | — | 1–50% LVR · $150,000+ | 6.04% | 6.07% | — |
| VariableOwner occupier - Principal & Interest. | Owner occupied · P&I | — | 51–60% LVR · $150,000+ | 6.04% | 6.07% | — |
| VariableOwner occupier - Principal & Interest. | Owner occupied · P&I | — | 61–70% LVR · $150,000+ | 6.04% | 6.07% | — |
| VariableOwner occupier - Principal & Interest. | Owner occupied · P&I | — | 71–80% LVR · $150,000+ | 6.09% | 6.12% | — |
| VariableOwner occupier - Principal & Interest. | Owner occupied · P&I | — | 81–90% LVR · $150,000+ | 6.24% | 6.27% | — |
| VariableOwner occupier - Principal & Interest. | Owner occupied · P&I | — | 91–95% LVR · $150,000+ | 6.69% | 6.72% | — |
§ 02 — Fees · 15
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Dishonoured cheque | Dishonour | $9 | — | — |
| Additional statements | Event | $7 | — | $7 for each statement period. |
| Arrears Default Letter | Event | $40 | — | $40 for each letter. |
| Change to letter of offer | Event | $250 | — | This is payable if changes are made to the letter of offer between disclosure date (date of original issue) and settlement. |
| Consent to Subdivision/2nd mortgage | Event | $300 | — | — |
| Direct debit rejected | Event | $9 | — | $9 for each direct debit rejected. |
| Discharge Full and Partial | Event | $250 | — | — |
| Increase/decrease to loan amount | Event | $300 | — | — |
| Product switch | Event | $300 | — | — |
| Removal or change to borrowers or guarantors | Event | $300 | — | — |
| Substitution of security | Event | $300 | — | — |
| Valuation Fee | Event | $0 | — | A valuation fee is payable. ING will cover up to $225 of the valuation fee (GST inclusive) for the first valuation/property only. |
| Late payment fee | Late payment | $30 | — | $30 when you do not pay any amount owing within 5 days of its due date |
| Annual fee | Periodic | No fee | Every 1 yr | With no monthly, annual or transaction fees. |
| Settlement fee | Upfront | $350 | — | For each loan application and is charged at settlement. |
§ 03 — Features
RedrawExtra repaymentsInstant paymentsPayIDDigital bankingUnlimited transactions
- · Everyday Round Up. Round up eligible Orange Everyday card purchases to the nearest $1 or $5, and the difference goes straight from your Orange Everyday to pay down on your Mortgage Simplifier home lo…
- · Split Loan
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: NZ
- · Amount $20,000 to $3,000,000
- · Maximum LVR 95%
- · Have and maintain an Australian residential address.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by ING BANK (Australia) Ltd under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.