Select a personal loan to cover your needs

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

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Fixed rate
From
6.89
To
18.99
Comparison rate
From
7.10
To
19.23
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No ongoing or early repayment fees

Flexibility to make extra repayments whenever you like

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

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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.

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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 6.89% p.a - 18.99% p.a. (comparison rate from 7.10% p.a - 19.23% p.a.), depending on your credit score.

No ongoing fees

Keep things simple and money in your pocket with no monthly or annual fees. Establishment fee applies.

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.

Highly recommended

Join the thousands of Aussies choosing a personal loan from Australia's most recommended bank today.

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.

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CANSTAR - Bank of the Year 2023

Awarded Canstar Bank of the Year. Again.

Canstar has awarded ING Bank of the Year 2023 for the fourth year running, recognising the outstanding value ING offers across all our products and services.

Calculator

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

About the loan
Credit rating

    Comparison rate: % p.a.

    Estimated repayments

    $-

    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.

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

      Comparison rate: % p.a.

      Estimated borrowing power

      $-

      (rounded down to nearest $500)

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

      Estimated monthly repayments

      $-

      (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.

      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.

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      Rates, fees and limits

      Personal Loan ins and outs made plain and simple.

      Interest rates
      Fixed interest rate From 6.89% p.a - 18.99% p.a.
      Comparison rate From 7.10% p.a - 19.23% p.a.
      Establishment fee $150
      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.

      Forms

      All the details to help you make an informed decision.

      Terms & conditions

      Target Market Determination

      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 applicants.

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      More from ING

      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.

      Personalised interest rate

      The personalised interest rate is not an offer of credit and is based on your Equifax Australia Information Services and Solutions Pty Limited credit score. If the information you provide us to obtain your Equifax Australia Information Services and Solutions Pty Limited credit score is not accurate, the personalised interest rate may not apply. If you wish to apply for a personal loan please complete the application on the ING website.

      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 Global's XPRT Survey, December 2022 - July 2023 (n = 31,805) when compared to customers of 20 other banks operating in Australia.

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