| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Unsecured Personal Loan (Fixed) |
6.89% p.a.to 18.99% p.a. |
7.10% p.a.to 19.23% p.a.based on $30,000 |
$150.00 |
ING’s unsecured personal loan option is an award-winning loan with minimal fees and flexible repayment options. Customers can borrow between $5,000 and $60,000 with this loan and opt for a loan term between 1 and 7 years (though if you're looking for a 6 or 7-year term, your loan size will have to be over $30,000).
On top of that, there is the choice between fortnightly and monthly regular repayments, as well as the option to make extra repayments. There is no redraw facility attached to this loan.
While there are no ongoing service, exit or early repayment charges to worry about, there is a one-off establishment fee to budget for. However, if you already have or apply to receive your loan funds in an Orange Everyday bank account with ING, the bank will waive this upfront cost. Our expert judges loved this personal loan option and gave ING a 2024 Mozo Experts Choice Award for the category of Excellent Credit Unsecured Personal Loan.
Extra Repayments: For borrowers that like the option to make extra contributions towards their loan on top of their regular repayments, the ING unsecured loan offers that. At no additional cost and no limit, customers can put more money towards their loans whenever they like. Just be mindful that there is no redraw facility, so borrowers can not access their extra funds later down the track.
No Early Repayment Penalty: Some lenders slap borrowers with a hefty fee for paying down a loan early, however this isn’t the case with ING. If you end up paying off your debt ahead of time, there are no additional costs to budget for.
When applying online for an ING personal loan, it can take as little as 20 minutes to complete the form. Then, once approved, you could receive your funds on the same day if you are an ING Orange Everyday account holder.
In order to apply for an ING personal loan, you must satisfy the following:
Be 18 years or older (and provide identification documents to prove it)
Be an Australian citizen
Be able to provide your PAYG Payslips and employment information
For existing customers, be able to provide your ING client number
Mozo users have rated ING personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
21 Reviews
It was east to obtain, good customer service and fast processing. No issues throughout loan term and can pay down as quick as you like with no hidden fees or charges.
Read full reviewIt was east to obtain, good customer service and fast processing. No issues throughout loan term and can pay down as quick as you like with no hidden fees or charges.
It really needs more branches especially in regional areas
Read full reviewIt really needs more branches especially in regional areas
ING are the most honest I’ve found. They tell me the truth every time, I’ve felt looked after every time I’ve called or messaged them. Their customer service is amazing!
Read full reviewING are the most honest I’ve found. They tell me the truth every time, I’ve felt looked after every time I’ve called or messaged them. Their customer service is amazing!
Took over 5 weeks and 3 different occasions of asking for additional documents which were always ready and provided almost immediately just to end up having a loan rejected, with absolutely no explanation. My account was locked citing "fraud" and customer service was not able to assist, just redirected to a whole different team after waiting over an hour and a half to speak with an agent. Shortly after received an email that the application was unsuccessful with no explanation as to why after being run in circles for well over a month. Utterly disappointed and will be taking this further with the company directly.
Read full reviewTook over 5 weeks and 3 different occasions of asking for additional documents which were always ready and provided almost immediately just to end up having a loan rejected, with absolutely no explanation. My account was locked citing "fraud" and customer service was not able to assist, just redirected to a whole different team after waiting over an hour and a half to speak with an agent. Shortly after received an email that the application was unsuccessful with no explanation as to why after being run in circles for well over a month. Utterly disappointed and will be taking this further with the company directly.