ING Personal Loans

An unsecured ING Personal Loan with a low fixed rate, no ongoing fees and no early repayment fees is just what you'd expect from Australia's most recommended bank.

Fixed rate
8.99% p.a.
Comparison rate
Establishment Fee
Monthly Service Fee

Loans from $5,000 to $30,000

Choice of 2, 3, 4 or 5 year loans with fortnightly or monthly repayments.

  • Interest Rate
    8.99% p.a. fixed
  • Comparison Rate
    9.13% p.a.^
  • Establishment Fee
  • Monthly Service Fee

ING Unsecured
Personal Loans

How to apply for a ING Personal Loan

If you are interested in applying for a ING Personal Loan, then it is as easy as clicking the 'apply now' button to be redirected to the online application form. Take a look at the application criteria and what you will need to apply:

Application criteria

Make sure you meet the following criteria before you apply:

  • Be aged 18+
  • Be an Australian citizen with an Australian residential address, or permanent resident with an Australian residential address
  • Be employed and earn $36,000 or more a year before tax
  • Have a good credit rating and meet ING's credit lending guidelines

Required information

  • Identification
  • Financial information, including details of your existing financial commitments
  • Income and employment details, PAYG payslips

If this loan sounds like it is right for you, hit the 'apply now' button to get the application process started.

Some Benefits of a ING Personal Loan

  • Competitive fixed interest rate

    8.99% p.a. fixed interest rate (comparison rate 9.13% p.a.)

  • No ongoing fees

    No monthly or annual fees. A $100 loan establishment fee applies.

  • Pay it off earlier, without early repayment fees

    No fees for paying the loan off early. Redraw not available.

  • Loans from $5,000 to $30,000

    Choice of 2, 3, 4 or 5 year loans with fortnightly or monthly repayments.

The ING Personal Loan

Keeping it nice and simple, the ING Personal Loan has plenty going for it. As an unsecured personal loan, it offers a low fixed rate, with no ongoing fees and no early repayment fees. And if you combine your loan with an ING Orange Everyday account, you can save even more money, as ING will waive the loan’s standard $100 establishment fee.

What we love...

Looking at what the ING Personal Loan has to offer, it’s easy to see why, according to a recent poll, customers rated ING ‘Australia's most recommended bank’. This is one lovely loan ING has on offer, delivering not just a competitive interest rate, but the opportunity to save big on fees too.

Interest rates first. The ING Personal Loan has a low fixed interest, which means you will know exactly what your repayments will be, each and every month. This obviously makes it easier to budget, but it can also provide peace of mind, as you know that your loan repayments will not go up over time.

Next up, fees. While it’s pretty common for personal loan shoppers to compare interest rates on potential loan options, it can be all too easy to forget about fees. Most personal loans charge fees in some form or another. Some may charge a large establishment fee, but no ongoing fees. Others may charge a small establishment fee, then ongoing monthly or annual fees.

When you take into account all the fees charged over the life of the loan, they can really stack up. But, with the ING Personal Loan, there are no ongoing fees. Nope, none at all. So, that’s a no to monthly fees and a no to annual fees. While there are other fees to take into consideration – such as late payment fees – these can generally be avoided.

Another fee that can hit borrowers hard is the early repayment fee. If they choose to repay their personal loan early, they may be charged an early repayment fee for their trouble. Not so with the ING Personal Loan. There are no early repayment fees to worry about here, so you can repay the loan early if you choose.

It is worth noting that if you pay more into your loan than your standard repayment amount, there is no redraw facility available on the loan.

And establishment fees? While the ING Personal Loan does charge a $100 establishment fee, ING will waive this fee if you have an Orange Everyday account. So, if you have an Orange Everyday account when you apply for the loan, or you request one during your application as your loan funds disbursement account, this fee will be waived.

What’s not so great...

The ING Personal Loan keeps things simple. It offers a low fixed rate and the opportunity to save big on fees – and that’s its main selling point. While other personal loans may offer handy features – such as the redraw facility we mentioned before – the ING Personal Loan is more for the money-savers than the feature-hunters.

ING Personal Loan

Why should you choose this loan?

If you’re looking for a flexible personal loan that provides a way to save money on fees, the ING Personal Loan could give you everything you’re looking for. As an unsecured personal loan option, it is not secured against any form of collateral, which some borrowers are more comfortable with. However, this can mean there are stricter application standards to adhere to.

To be eligible for an ING Personal Loan, you must be 18 or over, and either an Australian citizen or permanent resident with an Australian residential address. You must be employed, you must have PAYG payslips, and you must earn $36,000 or more a year before tax. Lastly, you must have a good credit rating and meet ING’s credit lending guidelines

Loans are offered between $5,000 and $30,000, with the option of fortnightly or monthly repayments over a loan term of two, three, four or five years. If you are an existing ING customer, you can access your funds the same day you accept your loan contract online, which can be incredibly handy if you need to get your hands on that cash fast.

If you want to find out how much you could potentially borrow, you may want to check out ING’s borrowing power calculator, found at the bottom of the bank’s Personal Loan info page. Or if you’re trying to figure out your budget, ING’s repayments calculator could help with that.

Overall Rating

A basic personal loan option offering the opportunity to save on fees, the ING Personal Loan has a competitive fixed interest rate, no ongoing fees and no early repayment fees, with loans ranging from $5,000 to $30,000 over two, three, four or five years.

Other Pros

  • Apply online
  • A fixed interest rate of 8.99% p.a. (comparison rate of 9.13% p.a.^) available for new loans only
  • No ongoing fees


  • $100 loan establishment fee - but this rate is quite low

ING Unsecured Personal Loans