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Select a personal loan to cover your needs

Life is full of surprises, an ING Personal Loan isn't.

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No ongoing or early repayment fees

A personalised fixed interest rate

Apply to borrow from $5,000 to $60,000

do your thing

Personal loans with nothing to hide

Life is full of surprises, and knowing what's around the corner is important when it comes to your money. A personal loan from ING has a low personalised fixed interest rate, no ongoing fees and no early repayment fees just what you'd expect from Australia's most recommended bank.

Get my rate and apply

Here's how RateCity compares us with other lenders

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Why choose an ING Personal Loan?

A personalised fixed interest rate

A personalised fixed interest rate from 6.99% p.a - 10.99% p.a. (comparison rate 7.13% p.a - 11.14% p.a.), depending on your credit score.

No ongoing fees

Keep it simple with no monthly or annual fees.

Pay it off earlier, without early repayment fees

Do it your way with no nasty fees for paying the loan off early. Redraw not available.

Combine and save $100

Combine your ING Personal Loan with an Orange Everyday and we'll waive the $100 loan establishment fee. Establishment fee waiver applies if you have an active Orange Everyday account at the time of application, or you request one as part of your application.

Same day funds

If you are an existing ING customer, the money can be available in your Orange Everyday on the same day as you accept your loan contract online.

Loans from $5,000 to $60,000, terms up to 7 years

Borrow up to $30,000 over 2 to 5 years. Or enjoy the added option of 6 or 7 years when you borrow up to $60,000.

The comparison rate is based on a loan amount of $30,000 over a loan term of 5 years.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Combine with Orange Everyday and save $100

If you already have an active Orange Everyday account, or you set one up as part of your loan application as your funds disbursement account, you can save on the $100 loan establishment fee. Now that's the kind of surprise you can get behind.

Calculator

Work out how much you may be able to borrow with ING Personal Loan based on your income and expenses.

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About you
Your income
Your monthly expenses
Debt consolidation (if applicable)
About loan

Comparison rate: % p.a.

Estimated borrowing power

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(rounded down to nearest $500)

Sorry, we're unable to consider a loan application based on the details entered.

Estimated monthly repayments

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(based on estimated borrowing power)

Fixed interest rate: % p.a.

Comparison rate: % p.a. (Warning.)

Sorry, we're unable to consider a loan application based on the details entered.

About the loan
Credit rating

Comparison rate: % p.a.

Estimated repayments

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In the next step we will collect some personal details to check your credit score and give you your personalised rate. From here you can decide if you want to continue with your application.

Important: The estimates produced by the borrowing power calculator are estimates only, and are based purely on information entered. Actual borrowing power may vary. Results of the borrowing power calculator are not an offer of credit. Any application for credit is subject to ING's credit approval criteria, as well as minimum and maximum loan amounts.

Rates, fees and limits

Personal Loan ins and outs made plain and simple.

Interest rates
Fixed interest rate From 6.99% p.a - 10.99% p.a.
These rates apply in relation to applications received on or after 10am (AEST) 3 December 2021. For applications made prior to this time, please refer to the rate set out in your loan documents
Comparison rate From 7.13% p.a - 11.14% p.a.
These rates apply in relation to applications received on or after 10am (AEST) 3 December 2021. For applications made prior to this time, please refer to the rate set out in your loan documents
Establishment fee $100
(Fee waived when you have an active Orange Everyday at the time of application, or request to open an Orange Everyday account with the Personal Loan as your loan funds disbursement account)
Monthly fee $0
Late payment fee $20
Early repayment fee $0
Minimum loan amount $5,000
Maximum loan amount $60,000
Available terms 2 to 5 years for loans from $5,000 to $30,000
2 to 7 years for loans over $30,001 to $60,000

The comparison rate is based on a loan amount of $30,000 over a loan term of 5 years.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Before you apply

To be eligible for an ING Personal Loan, you must:

  • Be aged 18+ and be able to provide us with your ID documents
  • Earn $36,000 or more a year (before tax) with PAYG payslips as your primary source of income
  • Be an Australian citizen, New Zealand citizen, or a permanent resident of Australia
  • Maintain an Australian residential address

Note: ING Personal Loans are currently not available to Self-employed, Contractor and Casually employed applicants.

Information and interest rates are current as at the date of publication and are subject to change. All applications for credit are subject to ING's credit approval criteria. Fees and charges apply. Redraw not available. Any advice in this message does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to an ING Personal Loan or Orange Everyday, you should read the Personal Loan Terms and Conditions and ING's Credit Guide, and the Orange Everyday Terms and Conditions and the Orange Everyday Fees & Limits Schedule, available at ing.com.au. To view these documents you may need Adobe Acrobat. If you have a complaint, please call us on 133 464 at any time as we have procedures in place to help resolve any issues you may have. Products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823.

Comparison rate

The comparison rate for the ING Personal Loan is based on an unsecured loan of $30,000 over a loan term of 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Calculators

Results from the ING Borrowing Power Calculator and Personal Loan Repayments Calculator do not constitute an application or offer of credit (and do not imply that credit is available). You can apply for an ING Personal Loan on our website.

The Personal Loan Repayments Calculator gives an indication of the type of repayment required and the total interest payable, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The results are an approximate guide only and should not be used as exact values for financial planning purposes. The formulae used within this calculator may change at any time without notice. The following assumptions apply to the Personal Loan Repayments Calculator.

Length of Month

All months are assumed to be of equal length. In reality, many loans accrue interest on a daily basis which means monthly interest charges may vary depending on the number of days in the particular month.

Number of Weeks & Fortnights in a Year

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Rounding of Amount of Each Repayment

In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts.

Interest Rate

The interest rate used in this calculation is the ING Personal Loan rate (a fixed interest rate) which may change at any time without notice.

ING is Australia's most recommended bank according to RFi XPRT Survey, April 2021 - September 2021 (n = 32,103) when compared to customers of 20 other banks operating in Australia. It is also Australia's fifth largest main financial institution (MFI) with 6% of market share according to RFi XPRT Survey, April 2021 - September 2021 (n= 32,103). MFI is defined as the bank that the consumer says is their main financial institution.

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