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Mortgage Simplifier

Low variable interest rate home loan with no ongoing monthly or annual fees.

Home loansBank updated 9 Oct 2026
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At a glance

Variable (owner occ. P&I)
6.29%6.32% comparison
Variable (investor P&I)
6.39%
Max LVR
95%
Annual fee
$0
Features
redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This home loan: 6.34%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR6.34%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions39th lowest of 104, level with 10 others
Investor variable home loanInvestment, principal & interest, 80% LVR6.44%5.94%AAA Financial Corporation's Portfolio Loan6.59%of 104 institutions17th lowest of 104, level with 7 others

Rates

Every rate ING publishes for this home loan, 20 in all.

Variable rate by LVR

Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value

  1. 1–50%6.29%
  2. 51–60%6.29%
  3. 61–70%6.29%
  4. 71–80%6.34%
  5. 81–90%6.49%
  6. 91–95%6.94%
Variable rate for the band
TypeApplies toTermBandRateComparisonConditions
VariableInvestor - Interest only.Investment, Interest only-1–50% LVR, $150,000+6.59%6.50%-
VariableInvestor - Interest only.Investment, Interest only-51–60% LVR, $150,000+6.59%6.50%-
VariableInvestor - Interest only.Investment, Interest only-61–70% LVR, $150,000+6.59%6.50%-
VariableInvestor - Interest only.Investment, Interest only-71–80% LVR, $150,000+6.59%6.53%-
VariableInvestor - Interest only.Investment, Interest only-81–90% LVR, $150,000+6.89%6.83%-
VariableInvestor - Principal & Interest.Investment, P&I-1–50% LVR, $150,000+6.39%6.42%-
VariableInvestor - Principal & Interest.Investment, P&I-51–60% LVR, $150,000+6.39%6.42%-
VariableInvestor - Principal & Interest.Investment, P&I-61–70% LVR, $150,000+6.39%6.42%-
VariableInvestor - Principal & Interest.Investment, P&I-71–80% LVR, $150,000+6.44%6.47%-
VariableInvestor - Principal & Interest.Investment, P&I-81–90% LVR, $150,000+6.74%6.77%-
VariableOwner occupier - Interest only.Owner occupied, Interest only-1–50% LVR, $150,000+6.69%6.49%-
VariableOwner occupier - Interest only.Owner occupied, Interest only-51–60% LVR, $150,000+6.69%6.49%-
VariableOwner occupier - Interest only.Owner occupied, Interest only-61–70% LVR, $150,000+6.69%6.49%-
VariableOwner occupier - Interest only.Owner occupied, Interest only-71–80% LVR, $150,000+6.69%6.52%-
VariableOwner occupier - Principal & Interest.Owner occupied, P&I-1–50% LVR, $150,000+6.29%6.32%-
VariableOwner occupier - Principal & Interest.Owner occupied, P&I-51–60% LVR, $150,000+6.29%6.32%-
VariableOwner occupier - Principal & Interest.Owner occupied, P&I-61–70% LVR, $150,000+6.29%6.32%-
VariableOwner occupier - Principal & Interest.Owner occupied, P&I-71–80% LVR, $150,000+6.34%6.37%-
VariableOwner occupier - Principal & Interest.Owner occupied, P&I-81–90% LVR, $150,000+6.49%6.52%-
VariableOwner occupier - Principal & Interest.Owner occupied, P&I-91–95% LVR, $150,000+6.94%6.97%-

Rate changes

24 changes logged, newest first.

DateRateWasNowChange
9 Oct 2026Variable, Investment, Interest only, 1–50% LVR, $150,000+6.34%6.59%up 0.25
9 Oct 2026Variable, Investment, Interest only, 51–60% LVR, $150,000+6.34%6.59%up 0.25
9 Oct 2026Variable, Investment, Interest only, 61–70% LVR, $150,000+6.34%6.59%up 0.25
9 Oct 2026Variable, Investment, Interest only, 71–80% LVR, $150,000+6.34%6.59%up 0.25
9 Oct 2026Variable, Investment, Interest only, 81–90% LVR, $150,000+6.64%6.89%up 0.25
9 Oct 2026Variable, Investment, P&I, 1–50% LVR, $150,000+6.14%6.39%up 0.25
9 Oct 2026Variable, Investment, P&I, 51–60% LVR, $150,000+6.14%6.39%up 0.25
9 Oct 2026Variable, Investment, P&I, 61–70% LVR, $150,000+6.14%6.39%up 0.25
9 Oct 2026Variable, Investment, P&I, 71–80% LVR, $150,000+6.19%6.44%up 0.25
9 Oct 2026Variable, Investment, P&I, 81–90% LVR, $150,000+6.49%6.74%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 1–50% LVR, $150,000+6.44%6.69%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 51–60% LVR, $150,000+6.44%6.69%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 61–70% LVR, $150,000+6.44%6.69%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 71–80% LVR, $150,000+6.44%6.69%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 1–50% LVR, $150,000+6.04%6.29%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 51–60% LVR, $150,000+6.04%6.29%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 61–70% LVR, $150,000+6.04%6.29%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 71–80% LVR, $150,000+6.09%6.34%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 81–90% LVR, $150,000+6.24%6.49%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 91–95% LVR, $150,000+6.69%6.94%up 0.25
23 Sept 2026Variable, Owner occupied, P&I, 1–50% LVR, $150,000+5.99%6.04%up 0.05
23 Sept 2026Variable, Owner occupied, P&I, 51–60% LVR, $150,000+5.99%6.04%up 0.05
23 Sept 2026Variable, Owner occupied, P&I, 61–70% LVR, $150,000+5.99%6.04%up 0.05
23 Sept 2026Variable, Owner occupied, P&I, 71–80% LVR, $150,000+6.04%6.09%up 0.05

Each change is logged the night it appears in the rates ING BANK (Australia) Ltd publishes. See how every lender answered the RBA on the rate tracker.

Fees

15 fees published, grouped by when they're charged.

  1. When you take it out$350Settlement fee
  2. While you hold itNo feeAnnual fee
  3. When you close it or pay it offNo fee published

When you take it out1

  • Settlement fee

    For each loan application and is charged at settlement.

    $350

While you hold it1

  • Annual fee

    With no monthly, annual or transaction fees.

    No fee

If a payment is late or fails2

  • Dishonoured cheque
    $9
  • Late payment fee

    $30 when you do not pay any amount owing within 5 days of its due date

    $30

When particular things happen11

  • Additional statements

    $7 for each statement period.

    $7
  • Arrears Default Letter

    $40 for each letter.

    $40
  • Change to letter of offer

    This is payable if changes are made to the letter of offer between disclosure date (date of original issue) and settlement.

    $250
  • Consent to Subdivision/2nd mortgage
    $300
  • Direct debit rejected

    $9 for each direct debit rejected.

    $9
  • Discharge Full and Partial
    $250
  • Increase/decrease to loan amount
    $300
  • Product switch
    $300
  • Removal or change to borrowers or guarantors
    $300
  • Substitution of security
    $300
  • Valuation Fee

    A valuation fee is payable. ING will cover up to $225 of the valuation fee (GST inclusive) for the first valuation/property only.

    From $0

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

Eligibility and limits

  • Minimum age 18
  • Residency: NZ
  • Amount $20,000 to $3,000,000
  • Maximum LVR 95%
  • Have and maintain an Australian residential address.

Published by ING BANK (Australia) Ltd under the Consumer Data Right, last changed by them on 9 Oct 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.