Fixed Rate Home Loans - ING DIRECT - 3 yr fixed |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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ING DIRECT Home Loan |
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| Home Loan Product Name |
3 yr fixed |
| Interest Rate |
8.49% |
Comparison Rate
Estimated |
8.72% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,152.31 |
Monthly Payment
Estimated |
$1,177.58 |
Total Paid
Estimated |
$423,643 |
| Establishment Fee |
$499.00 |
| Enquire/Apply |
 
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| Target Market |
Applicants who require the security of knowing that their interest rate will remain unchanged for the fixed term they select, but also the freedom to make additional repayments and therefore repay their loan sooner. |
| Acceptable Income |
Applicant Types
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PAYG Income Earners
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Self Employed
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Retirees evidence of ongoing capacity to repay after retirement is mandatory |
| Loan Term |
Maximum: 30 years |
| Loan Size |
Minimum $50K
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Maximum $2million |
| Repayment Type |
P& I or interest only available for maximum of first 5 years of loan term.
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Owner Occupier and Investment P & I and Interest Only options available. |
| Repayment Options |
Fortnightly or monthly repayments
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Monthly repayments only on Interest Only loans |
| Extra Repayments |
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| Split Loan Facility |
Yes, minimum of $50,000 for Fixed Rate Term
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In any combination,the highest of the application fees is payable for the first loan.For all subsequent loans in a combination,ie.2nd and 3rd loan
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an additional fee of $100 per loan is payable.
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Construction Loans and Lo Doc Loans cannot be combined with any other loan type.
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Minimum of $50,000 per loan in a combination.
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Where there are independent applications against independent securities for the same customer ,each loan will incur separate application fees and commission. |
| Offset |
Not available |
| Redraw Facility |
Not available during fixed term period. |
| LVR |
LVR without Mortgage Insurance up to 80%
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LVR with Mortgage Insurance
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Up to 95% for Owner Occupier including LMI Premium:
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Up to 95% for Investment Loans plus capitalised LMI Premiums
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Refer to Special Lenders Criteria for details |
| Fees |
Application Fee on fixed rate loans
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Application fee of $499 (NSW, VIC,QLD) and $299 elsewhere, will apply to fixed rate loans.
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Note: For fixed rate loans, where a client also requests to take Rate Lock-In the fee will be $499 in addition to the applicable Application Fee. The Rate Lock-In fee of $499 must be paid for each fixed Rate Lock-In taken as is payable on Application.
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If eligible, Applicants may request SmartPack Discount for $499 negating Application Fee. At the end of the Fixed Rate term, the SmartPack 0.06% discount will apply when the loan reverts to the Mortgage Simplifier at the end of the Fixed Rate term.
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Account Keeping Fees: Nil
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Additional Valuations fees commence at $200 for a standard valuation which are paid upfront, Refer to Postcode Valuation Costs in Lender Doc Folder Loan Applications
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Fees for Changes to the Letter of Offer:$250 applies to make changes to the Letter of Offer between disclosure date and settlement.
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Document & Settlement Fee $220 displayed as Mortgage Preparation )
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Additional Application fees may apply to non-Standard Loans where there is more than one security property, or where a combination loan is required.
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Increase / Decrease $ $100
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Deferred Est Fee
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1 Year $1400
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2 Year $1050
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3 Year $700
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4 Year $ 350 |
| Enquire/Apply |
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| Other Fixed Rate Home Loans |
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| Other ING DIRECT Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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