Basic Home Loans - ING DIRECT - Mortgage Simplifier |
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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 |
Mortgage Simplifier |
| Interest Rate |
8.99% |
Comparison Rate
Estimated |
9.01% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,205.85 |
Total Paid
Estimated |
$434,160 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
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| Target Market |
Borrowers requiring a competitive variable interest rate loan with a
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wide range of flexible features, at no additional cost. |
| 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 |
Loan Term Up to 30 years |
| Loan Size |
Minimum $50K
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Maximum Loan - $2,000,000 for total facility if within ING Bank credit criteria
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Higher amounts may be available, subject to individual assessment
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and stricter credit criteria |
| Repayment Type |
Principal & Interest
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Interest Only |
| Repayment Options |
P & I Fortnightly or monthly
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Interest Only monthly
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Additional repayments permitted |
| Extra Repayments |
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| Split Loan Facility |
Yes-subject to approval
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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. |
| Offset |
Not applicable |
| Redraw Facility |
No minimum amount. Redraw Fee - Nil |
| 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 plus capitalised LMP Premiums
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Up to 95% for Investment Loans plus capitalised LMP Premiums
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Refer to Special Lenders Criteria for details |
| Fees |
Application Fee Nil
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Account Keeping Fee $0
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Additional Valuation Fee $250 to be paid upfront
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Document & Settlement Fee Fee displayed as Mortgage Preparation )
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Document & Settlement Fee $165 (WA/SA/ACT/TAS)
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Document & Settlement Fee $220 (NSW/VIC/QLD)
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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 Basic 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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