ING Direct Orange Advantage Home Loan

If you are looking for a variable home loan that is designed so that you’re able to pay it off as fast as possible then you should look at the ING direct Orange advantage home loan.

Compare this loan with other standard variable rate home loan options in Australia.

Comparison of ING Direct Orange Advantage Home Loan

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
ING Orange Advantage Loan (<$300,000)	ING Direct Orange Advantage Home Loan (<$300000)	6.54%	6.71%	$0 / $199	95%	$300,000 / $2,000,000
ING Orange Advantage Loan ($300,000 < $500,000)	ING Orange Advantage Loan($300000<$500000)	6.29%	6.47%	$0 / $199	95%	$300,000 / $2,000,000
ING Orange Advantage Loan ($500,000 plus)	ING Orange Advantage Loan($500000 plus)	6.19%	6.37%	$0 / $199	95%	$500,000 / $2,000,000

Features of the Orange advantage
The ING direct Orange advantage home loan offers features and options that help you pay off your home loan as fast as possible while also giving you the flexibility of redraw, so consider whether you can benefit from the other features offered by ING, such as:

• A 100% offset account. The ING direct Orange advantage home loan lets you offset the interest that is charged on your home loan with an orange everyday account. This means that you’re able to use the balance of your everyday savings account to reduce the interest charged on your home loan. For example if you have a ING Orange advantage home loan with a balance of $270,000 and you have a ING Orange everyday offset account with a balance of $5,000 then you will only be charged interest on $265,000.

• The repayments. With the ING direct orange advantage home loan you get the freedom of being able to make additional repayments or simply increasing the amount you pay without having to worry about incurring any fees. This is an excellent feature to have for and people that want to work hard to reduce the balance of their home loan as quickly as possible.

• Making your repayments. You get the freedom of being able to choose whether you would prefer to pay your mortgage monthly or fortnightly. When considering these two options it’s important to remember that you will pay off your home loan faster using the fortnightly option but payments can only be made by direct debit.

• The choice of two types of repayments. You get the choice of the ING Orange advantage home loan of being able to choose between paying the standard principal and interest or interest only. The interest only option can be used when money is tight because it reduces your repayments this is because you only have to pay the interest portion, this option is available for a maximum of five years but it’s important to remember when using this option that the balance of your home loan will not reduce. The normal type of repayments of principal and interest means that you pay not only the interest charges but are also paying some extra so that you reduce the balance your home loan with each payment.

• Redraw facility. With the ING direct Orange advantage home loan you get the advantage of being able to withdraw any extra funds that you deposit on your home loan this means that you can reduce the balance of your home loan while having peace of mind because you know your be able to access these funds in the case of an emergency.

Check out other ING Direct home loans. Alternatively you can fill out the online enquiry form and a Home Loan Finder expert or get in touch with you at a time which is convenient for you.

Read the official terms and conditions

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