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Orange Advantage

  1. Home
  2. Home loans
  3. Orange Advantage

Orange Advantage

do your thing

do your thing

Why apply for a Mortgage Simplifier?

  • Unlimited additional repayments
  • Low variable interest rate without fees.
  • Pay off your home loan and save at the same time with
  • Everyday Round Up
  • Get started

The home loan with 100% offset

A variable rate home loan with a 100% interest offset facility.

Features

Why apply for an Orange Advantage?

  • You could pay it off faster

    Reduce your interest payable on your home loan with a 100% offset facility when you make a deposit into your linked Orange Everyday bank account.

  • Split your new loan and save

    For owner occupier borrowings you'll receive a fixed interest rate discount of 0.10% p.a. off our advertised fixed rates.

  • Everyday round up for home loans

    Round up eligible Orange Everyday card purchases to the nearest $1 or $5, and the difference goes straight from your Orange Everyday to pay down on your Mortgage Simplifier or Orange Advantage home loan.

  • Less fees

    No variation fees.
    Discharge and other fees may still apply

  • Low annual fee

    No ongoing monthly fees, just a low $299 annual fee.

  • Save on the everyday

    Just add Orange Everyday to your home loan, and you could save on fees with 1% cashback on eligible utility bills (T&Cs apply) and $0 ING international transaction fees when you shop online and overseas.

Important information
Offset interest rates

You could pay off your home loan sooner with our low rates

What is Loan-to-Value Ratio (LVR)?

The ratio of the value of a property to the relevant loan amount, as a percentage.

Used by lenders when determining how much you can borrow, and whether lenders mortgage insurance is needed. LVR is calculated by dividing the loan amount by the value of the property. So if you borrow $800,000 for a home valued at $1,000,000, the LVR would be 80%.

What is Lenders Mortgage Insurance (LMI)?

It is designed to protect the lender (not the borrower) incase the borrower can't repay off their loan. It's normally required when a loan amount is more than 80% of the property's valuation.

Owner Occupiers
LVR Tier (including any LMI applicable)
Interest rate
Comparison rate

Principal + Interest- Minimum total borrowings $150,000

LVR is 60% or less

LVR is 60.01% to 70%

LVR is 70.01% to 80%

LVR is 80.01% to 90%

LVR is 90.01% to 95%

Interest Only - Minimum total borrowings $150,000

LVR is 60% or less

LVR is 60.01% to 70%

LVR is 70.01% to 80%

The variable rates above include a discount that is applied to the relevant reference rate. These variable rates are only available for new property and borrowings with ING.
All rates and information are correct at time of publication and are subject to change.
Comparison rate: The comparison rate is based on a loan amount of $150,000 over a loan term of 25 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.
Total borrowings: Includes the total amount borrowed per application.

Compare all our home loans
Investors
How to get started

Applying for a home loan

1. Starting out

It only takes 10 minutes to get started online, or you can call 1800 100 258 to speak with a home loan specialist.

2. Staying informed

As your application progresses, we keep you updated via online tracking, SMS and email.

3. Getting a hand

For questions and help, our home loan specialists are here for you from application to settlement.

Find out how much you could borrow. In only two minutes you could have an obligation-free indication of your borrowing power.
Start now
Start your application online or call us on 1800 100 258, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).
Get started
Tools and calculators

Your home loan calculators & guides

In planning mode? Use these tools and calculators to help you.

Tips, hints and guides

Forms

Calculators

Tips, hints and guides

First home buyers guide

Which ING home loan is for me?

Request Financial Support

Home loan terms and conditions

Increasing your loan

What's the right home loan for me?

Compare types of mortgages

Deposit and upfront costs for your home loan

Tips for buying at auction

 View all

Forms

Change of personal details

Loan Account Instructions Form (Personal)

 View all

Calculators

Offset calculator

Borrowing power calculator

Home loan repayment

Extra repayment

Property buying cost

Stamp duty

Home loan refinance calculator

 View all
Why set up house with ING

Why should I get a home loan with ING?

Australia's most recommended bank

Proudly and continuously ranked as Australia's most recommended bank.

Save on the everyday

Just add Orange Everyday to your home loan, and you could save on fees with 1% cashback on eligible utility bills (T&Cs apply) and $0 ING international transaction fees when you shop online and overseas.

ING Everyday Round Upfor home loans

Round up eligible Orange Everyday card purchases to the nearest $1 or $5, and the difference goes straight from your Orange Everyday to pay down on your Mortgage Simplifier or Orange Advantage home loan.

Home & Contents insurance

Breathe easier and save 30% on your first year’s premium when you purchase a combined Home and Contents Insurance policy online. T&Cs apply - see disclaimer.

FAQs

Got a question about Orange Advantage?

Chances are, you'll find the answer in our FAQs.

Here are some of the more common questions we get asked:

See all home loans FAQs.
Find out how much you could borrow. In only two minutes you could have an obligation-free indication of your borrowing power.
Start now
Start your application online or call us on 1800 100 258, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).
Get started

An award-winning home for your loan

When it comes to feeling at home with your loan ING scores 3 out of 3, winning Best Non-Major Bank, Best Customer Experience and Best Bank Mortgage Lender at the prestigious RFI Global Australian Banking and Finance Awards 2022.

Important Information

Orange Everyday Benefits will apply for the next month when you meet the following eligibility criteria during the current month:

• deposit at least $1,000 from an external source to any personal ING account in your name (excluding Living Super and Orange One), and
• also make at least 5 card purchases that are settled (and not at a 'pending status') using your ING debit or credit card (excluding ATM withdrawals, balance enquiries, cash advances and EFTPOS cash out only transactions).

Orange Everyday customers who hold an ING Home Loan are automatically eligible for Orange Everyday Benefits, and are not required to meet this monthly criteria.

Each month that you’re eligible for the Orange Everyday Benefits, you'll receive the following on your Orange Everyday accounts:

• 1% cashback on eligible utility bill payments (up to $100 per financial year).
• Unlimited rebates on the ING International Transaction Fee; and
• Rebates on ATM fees for the first 5 fee incurring ATM withdrawals (excludes international ATM operator fees).

An eligible utility bill payment is a payment made by BPAY, direct debit (BSB and account number), or PayTo (when available) from your Orange Everyday account for a water, gas or electricity bill from an agreed supplier for the Australian residential address of the account holder.

For full terms and conditions, see the Orange Everyday Terms and Conditions, the Everyday Banking Fees & Limits Schedule, Orange Everyday Benefits Schedule and the agreed utility supplier list at ing.com.au.

Orange Everyday Benefits may be changed or withdrawn at any time at ING's sole discretion.

The variable rates above include a discount that is applied to the relevant reference rate. These variable rates are only available for new ING security property and borrowings. All rates and information are correct at time of publication and are subject to change. All applications for credit are subject to ING’s credit approval criteria. Fees and charges apply. WARNING: If you select a fixed rate loan, break costs may be payable if, at any time before the fixed rate expires, you (1) pay out your loan, make an additional payment of $10,000 or more, or you make additional payments totalling $10,000 or more in any one-year period (with the first one-year period starting on the first day of the fixed interest period), or (2) you ask us to make certain changes to your loan including but not limited to your loan type, your repayment type, your loan purpose, your fixed interest period, the security on your property, your approved loan amount, your loan term, the borrowers on your loan or any other change that requires your loan to be re-documented. You should refer to the Home Loan terms and conditions for details and contact us on 133 464 for an estimate of the break costs that may be payable by you in the above circumstances. Any additional payments or advanced funds are not available for redraw during the fixed interest period. With an Orange Advantage home loan, a non-refundable annual fee applies (refer to the Orange Advantage Post-Settlement fees and charges for more information); and 100% interest offset when linked to our Orange Everyday transaction account and you make a deposit into this account. The comparison rate is based on a loan amount of $150,000 over a loan term of 25 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. Any advice on this website 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 our products you should read the relevant Terms and Conditions booklet and Fees and Limits Schedule, available at ing.com.au or by calling 133 464. To view these documents you may need Adobe Acrobat. Products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823.

ING recommends you seek independent financial or taxation advice where appropriate.

ING Home and Contents Insurance

ING Home and Contents Insurance is issued by Auto & General Insurance Company Ltd ABN 42 111 586 353 AFSL 285571 as insurer. It is distributed by Auto & General Services Pty Ltd ABN 61 003 617 909 AFSL 241411 (AGS) and by ING Bank (Australia) Ltd ABN 24 000 893 292 as Authorised Representative 1247634 of AGS. ING is a business name of ING Bank (Australia) Ltd (ING). An ING Insurance policy issued does not represent a deposit with or liability of, and is not guaranteed or otherwise supported by, ING or its related bodies corporate. ING will receive a commission from AGS for each policy purchased which is a percentage of the base premium. For further details see the Financial Services Guide.

ING Home & Contents Insurance is subject to AGS' underwriting and ING’s Customer Eligibility and Name-Screening Assessment. Home & Contents Insurance is not available in NT, North QLD or Northern WA.

This is general information only, and does not take into account your particular objectives, financial situation and needs and you should consider whether it is appropriate for you having regard to these factors before acting on it. Read the relevant Product Disclosure Statement, Target Market Determination, Key Fact Sheets, Financial Services Guide and the ING Customer Eligibility and Name-Screening document available at ing.com.au and consider if an ING Home & Contents Insurance product is right for you before deciding to purchase or continue to hold the product.

The price quoted is at the insurer's sole and unrestricted discretion. It is based on the profile of the risk to be covered and any other factors the insurer may choose. These factors may change at any time without notice, as may the prices. Discounts are applied by the insurer. Any discounts on both new and renewing policies only apply to the extent that any minimum premium isn't reached. If the policy renews, the price may exceed the price paid for the previous policy. Premiums are subject to change. You will be responsible for all applicable GST and other statutory charges.

DISCOUNTS: Discount applies to the first year's premium paid for a new ING Home & Contents Insurance policy obtained online for approved applicants only. Discounts do not apply to any renewal offer of insurance. Discounts are applied before government charges, taxes, levies and fees, including instalment processing fees (as applicable). The full extent of discounts may therefore be impacted. All rights are reserved to change the offer without notice. The discount applies accordingly:

ING Home and Contents Insurance: 30% discount on combined Home & Contents Insurance, 15% for Home only or Contents only policies.

ING is Australia's most recommended bank according to RFI Global's Consumer Atlas Survey, February - July 2024 (n = 29,688) when compared to customers of the 10 largest ADIs operating in Australia. ING is Australia's fifth largest main financial institution (MFI) with 5% of market share according to RFI Global's Consumer Atlas Survey, February - July 2024 (n = 29,688). MFI is defined as the bank that the consumer says is their main financial institution.

ING is a business name of ING Bank (Australia) Limited ABN 24 000 893 292 AFSL 229823, Australian Credit Licence 229823.