Variable Rate Home Loans - ING DIRECT - Variable |
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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 |
Variable |
| Interest Rate |
9.59% |
Comparison Rate
Estimated |
9.46% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,254.72 |
Total Paid
Estimated |
$451,800 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
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| Target Market |
Borrowers requiring a competitive variable interest rate loan with a wide
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range of flexible features, at no additional cost |
| Acceptable Income |
PAYG Income Earners
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Self Employed
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Retirees evidence of ongoing capacity to repay after retirement is mandatory
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Expenses
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Provided the applicant has paid the outstanding balance on their credit card in full for the last 3 consecutive months and evidence by way
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of statements is provided, there is no requirement to assess the
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serviceability based on 5% of the limit of the credit card. |
| Loan Term |
Maximum Term 30 Years |
| Loan Size |
Minimum $50K
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Maximum $2 million |
| Repayment Type |
Principal & Interest
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Interest only payments |
| Repayment Options |
Fortnightly or monthly repayments. |
| Extra Repayments |
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| Split Loan Facility |
Yes permitted (fees apply) |
| Offset |
Not available |
| Redraw Facility |
Yes, no minimum redraw ($0 redraw fee). |
| LVR |
Owner Occupied - Up to 100% LVR (includes capitalised LMI
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premium). Capitalisation that takes the total LVR above 100% is not
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allowed
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Investment - Up to 95% LVR with mortgage insurance plus capitalised
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LMI premium |
| Fees |
Application Fee Nil
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Additional Loan Fee $100
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Additional Valuations fees commence at $200 for a standard valuation which are paid upfront, please refer to your Relationship Manager for asscociated costs in all instances.
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Account Keeping Fee Nil
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Redraw Fee Nil
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Discharge (Full or Partial) Fee $250
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Deferred Establishment
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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
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Variation Fee $100 plus
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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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Consent to 2sd Mortgage $100 |
| Enquire/Apply |
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| Other Variable 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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