$3,000 Cashback for Refinance, Minimum Loan $350,000 - Package Variable 4.99% (5.29% CR) under 80% LVR @ ING

64

Go to Deal

AssociatedWilson Heroes HL @ Heroes Home Loans on 02/03/2023 - 23:36 ing.com.au (241 clicks)
Last edited 29/05/2023 - 16:16 by 2 other users

Hello All Ozbargainers

ING has extend their cashback back offer.

Please note these are the latest rates including the February rate increase

Current Variable Rates:
Owner Occupied (redraw only):
• P&I Variable 80% LVR - 4.99% (Comp Rate: 5.01%)

Owner Occupied: (offset only)
• P&I Variable 80% LVR - 4.99% (Comp Rate: 5.29%)

Current Fixed Rates:
Owner Occupied:
• P&I Variable 80% LVR - 5.74% - One year fixed
• P&I Variable 80% LVR - 5.64% - One year fixed (Get an 0.1% discount if combine with variable home loan)
• P&I Variable 80% LVR - 5.74% - two year fixed
• P&I Variable 80% LVR - 5.64% - two year fixed (Get an 0.1% discount if combine with variable home loan)

Investment: (redraw only)
• P&I Variable 80% LVR - 5.24% (Comp Rate: 5.26%)
• IO Variable 80% LVR - 5.54% (Comp Rate: 5.39%)

Investment: (offset only)
• P&I Variable 80% LVR - 5.24% (Comp Rate: 5.54%)
• IO Variable 80% LVR - 5.54% (Comp Rate: 5.64%)

Fees applicable
Settlement fee of $299
annual fee of $299 only applicable for loan with 100% offset accounts

Apply before 31st of May 2023 and must settled before the 31st of August 2023
. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR up to 80%. $350k min loan. Only one $3K cashback offer available per application. Only available for new lending.

When you add Orange Everyday to your home loan you could save with 1% cashback on eligible utility bills (up to $100 per financial year), $0 ING international transaction fees

We also offer the following product as well
St George- 4.99% for Owner Occupied + $4,000 cashback
Westpac- 4.89% variable rate for Owner Occupied up to $4000 cashback
Ubank- 4.99% variable rate for Owner Occupied up to $5000 cashback
ANZ - 5.09% variable for Owner Occupied + $4000 cashback

Please feel free to email me at [email protected] or text/call me on 0477 200 670 and I would be happy to answer all finance related questions.

Wilson Yuan
Managing Director
M : 0477 200 670
E : [email protected]
W: www.heroeshomeloans.com.au

ABN 17 654 630 529 | Certified MFAA Member 230928 | Australian Credit Licence number 389328 | Credit Representative’s number 530101
http://heroeshomeloans.com.au/

Related Stores

ING

Heroes Home Loans

Third-Party

• 

  Buddy195 on 03/03/2023 - 00:23

  +1

  $299 statement fee?

• 

  Tsapena on 03/03/2023 - 05:15

  +4

  It's a well known strategy of ING to rope you in with an attractive rate and then jack up your rate as time goes by citing the ever increasing cost of funds from overseas.
  Beware, be very aware !

  • 

    XXRydeR on 03/03/2023 - 07:32

    +9

    Don't all banks do that 🤣

    • 

      Name on 03/03/2023 - 08:18

      +1

      I have to call up suncorp every year as they always creep above the market offer.

      I did it two days ago and went from 5.34% to 4.99%. They wouldn't go to 4.89% which is what they're offering new customers or the 4.75% that unloan was offering. In the past they've matched what other banks were offering so I accepted the 4.99% but will likely call again once this rate hike cycle has settled, see what they can do and maybe change banks if they don't come to the table.

      • 

        profane01 on 03/03/2023 - 09:56

        St George does the same. Literally 2 months after refinancing to them they were 0.3% higher than what they were advertising and wouldn't budge stating "I wasn't a new customer"

• 

  El-Rhi on 03/03/2023 - 06:41

  +5

  Don’t forget it costs around $650 to leave ING. The industry standard is $350.

• 

  Ghost47 on 03/03/2023 - 07:30

  ING is what happens when a bank thinks that it’s customers are so loyal they can start to do whatever they want.

  • 

    itstuan on 03/03/2023 - 08:53

    ING will also do whatever they want once you bite the bait mate.

• 

  Man of steel on 03/03/2023 - 07:39

  +2

  I have refinanced with ING few months back. The trap is that their legal fee as they do not have in house legal team. It costed me about $1300.

  • 

    El-Rhi on 03/03/2023 - 09:13

    +1

    This catches out a lot of people…. Wait until you try to leave…

  • 

    lknight on 04/03/2023 - 09:14

    i didnt have to pay this when i refinanced with ING.
    ING’s total setup costs are $299
    and $250 discharge fee
    Ive a redraw account with them.

    • 

      Man of steel on 04/03/2023 - 17:25

      +1

      I suggest you check total payout cost from previous lender and your balance with ING. It does not state it on your transaction. For me the gap was for Danton legal cost.

      • 

        lknight on 07/03/2023 - 08:11

        im still with them so cant confirm the legal fee. looking to move, lets see how it goes.

  • 

    squinly on 25/06/2023 - 21:11

    Not sure if you’ll see this question on the old post but do you have a rough breakdown of the $1300? Did you have any complicated variables?

• 

  itstuan on 03/03/2023 - 08:50

  +3

  I’d stay away from ING. They always throw a low rate to get you in and then increase it back soon later. Don’t fall into the trap.
  Im currently paying 6.85% for <150k loan with ING.

• 

  SHPION on 03/03/2023 - 10:01

  Never had issues with ING home loan, their rates and discharge fees.
  Keep in mind that ING offers lowest variable rate with offset account.
  eg Westpac advertises 4.89%, but it's 6.44% with offset!

• 

  elmotta on 03/03/2023 - 12:01

  +2

  Definitely stay away from ING, they used to be good but became very sneaky over the last few years. Like someone said earlier, their tactics are to lure you in with a low rate and then increase the rate not long after while making it more costly to leave them.

  There are way better options out there like Athena and even St George (currently has 5k cashback if you go through the right channel but mind the $395 annual fee )

• 

  prax21 on 03/03/2023 - 18:29

  Hi @Wilson Heroes HL,

  Please advise the best Variable rate with offset (100%) and loan 555k and LVR less than 80%
  Also, any fixed rate with offset.

  Thanks

  • 

    AssociatedWilson Heroes HL @ Heroes Home Loans on 08/03/2023 - 22:24

    Westpac - 4.99% (before the rate increase this month) + $4000 cashback
    ING - 4.99% (before the rate increase this month) + $3000 cashback

    • 

      prax21 on 09/03/2023 - 13:59

      Thanks, Any loan with fixed rate with offset ?

      • 

        AssociatedWilson Heroes HL @ Heroes Home Loans on 24/06/2023 - 07:09

        Apologies I didn't see your response. The only banks atm that offer fixed rates with offset are ANZ (for one year), Heritage Bank and Adelaide Bank

• 

  DAT on 07/03/2023 - 17:14

  Agree with previous comments. As a previous customer, our advice is also to stay away from ING, otherwise you will regret.

  Edit: we also noticed that ING is highly recommended by many mortgage brokers and I can't think of any other reason than a nice $$$ commission for these brokers.