ING Direct Cuts Mortgage Rates by 12 Basis Points

ING DIRECT will reduce its Orange Advantage variable home loan rates for existing and new customers by 0.12% p.a. effective Monday 15 August, 2016.

Housing-KeyOwner occupier – Orange Advantage (100% offset) LVR of 80% or less with minimum borrowings of $150k:

3.67% p.a. (3.89% p.a. comparison rate)

  • Investor – Orange Advantage (100% offset) LVR of 80% or less with minimum borrowings of $150k:

4.12% p.a. (4.34% p.a. comparison rate)

All other variable home loan rates for new and existing customers will reduce by 0.10% p.a. effective from Monday 15 August, 2016.

Commercial variable loan rates will also reduce by 0.10% p.a. effective from Monday 15 August, 2016.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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