ING Personal Loan
Enjoy fixed rates from 6.19% p.a., borrow $5,000 to $60,000, get funds the same day if eligible, and pay no early repayment fees.
If you’re looking for a personal loan in Australia, the ING Personal Loan is a strong option with fixed rates starting at 6.19% p.a. for borrowers with excellent credit. Loan amounts range from $5,000 up to $60,000, with loan terms between 2 to 7 years depending on the amount.
Applicants can enjoy personalised fixed rates, no monthly early repayment fees, and quick access to funds—particularly if you already bank with ING. The entire application can be completed online, typically taking about 20 minutes. ING’s offering is especially convenient for those who want predictability when managing repayments.
How to Apply for the ING Personal Loan
Start your application directly through ING’s website, where you’ll be guided through the process.
First, provide some key personal and financial details, including your income, expenses, and supporting documentation such as payslips or bank statements.
Once you submit your application, ING will assess your credit and let you know the outcome, usually within 24 hours.
If approved, you can accept your loan contract online and, if you’re an existing customer, expect funds in your Orange Everyday account on the same day.
Pros of the ING Personal Loan
ING provides competitively low fixed interest rates for eligible applicants, which is appealing for those who want certainty in monthly expenses.
There are no early repayment fees, so if you wish to pay off your loan ahead of schedule, there won’t be any penalties. This flexibility is ideal for borrowers seeking to minimise interest costs.
Cons of the ING Personal Loan
Self-employed applicants aren’t eligible for this particular loan, which may limit access for small business owners or freelancers.
Additionally, while advertised rates are attractive, borrowers with lower credit ratings may be offered higher rates up to 19.99% p.a., so results will vary.
Verdict: Is the ING Personal Loan Right for You?
The ING Personal Loan stands out for its transparent pricing, fast processing, and the absence of early payout penalties. For wage earners with good credit, it’s one of the better mainstream personal loan products in Australia, delivering security and convenience in one package.