ING’s security and reliability
Before apply for the ING personal loan, it is worth getting to know the institution behind the product. ING is a trading name of ING Bank, a bank that has been recognised as Australia’s most recommended, according to the RFI Global Consumer Atlas Survey – a recognition that reinforces its reputation among Australian consumers.
Who can apply for the ING personal loan?
The ING personal loan is available to Australian residents or New Zealand citizens aged at least 18, with a minimum income of $36,000 per year (before tax) with PAYG payslips as their primary source of income, a good credit history, and an Australian residential address.
It is important to note that self-employed applicants are currently not eligible for the ING personal loan. Casual and contractor employees have a maximum loan limit of $30,000.
Documents required
If you are interested in apply for the ING personal loan, have the following ready: a valid photo ID (driver’s licence, passport, or Medicare card), recent payslips, bank statements, tax returns (where applicable), and proof of superannuation income, if relevant.
Fees and rates
The ING personal loan offers a personalised fixed rate from 6.19% p.a. to 19.99% p.a. (comparison rate from 7.03% p.a. to 20.78% p.a.), determined according to the applicant’s credit score.
An establishment fee of $199 applies, along with a monthly loan service fee of $8. There are no early repayment fees and no exit fees. A late payment fee of $30 applies if a repayment is missed.
Tips for you
Before applying for the ING personal loan, use the calculators available on the ING website to estimate your repayments and check your borrowing power. Remember to factor in the $8 monthly service fee when calculating the total cost of the loan.
If your goal is debt consolidation, list all your current financial obligations and compare whether the rates are higher than what ING offers – if so, consolidating could represent a real saving.
Take advantage of the no early repayment fee policy: making extra repayments throughout the loan term reduces your outstanding balance and the interest that accrues.
Ready to apply for the ING personal loan?
The process to apply for the ING personal loan is 100% online and takes around 20 minutes. After submitting, ING keeps you updated via email and SMS. Once approved, simply accept the contract online.
Customers with an active Orange Everyday account receive their funds on the same day. Click the button below to access the official website and take the first step.
Utua is not a financial institution and does not grant loans. Our role is to analyse credit products available in the Australian market to help you make a more informed and confident decision. Any application is made directly with the financial institution of your choice.
