Home loan interest rate changes
Here's how interest rates are changing for ING Home Loans and when they become effective.

Variable rate loans
ING variable Home Loan interest rates for new and existing Principal and Interest owner occupier and investor borrowers will decrease by 0.25% p.a. from 4 March 2025.
Investment Interest Only variable rate loans will be decreasing by 0.35% for all new applications received from the 4th March 2025.
Repayment amounts
These interest rate changes will impact minimum repayment amounts.
Principal and interest loans
Principal and interest minimum repayments will change from 15 March 2025.
What could this mean for you? With a decrease to ING Variable Home Loan interest rates, existing customers on principal and interest payments are likely to see a reduction in their minimum repayment amount. For example, a customer with a $500,000.00 Mortgage Simplifier home loan and 25 years left on their loan term could save $76 per month on their minimum repayments with a new rate of 5.89% p.a. (comparison rate 5.92% p.a.). This calculation assumes that the customer does not exceed or fail to meet their minimum repayments, and that no changes are made to the customer's loan account.
Interest only loans
Updates to interest only repayments will take effect from 1 April 2025.
To get an estimate on how your repayments may change, try our Home Loan Repayment calculator. For more information on repayments see our FAQs below.
Keeping you posted
All customers with an existing ING variable rate Home Loan will be notified electronically or by post to confirm their new interest rate, and the impact on their minimum repayment amount. How you're affected depends on the details of your home loan account.
Checking your current and new rate and repayments
You can check your current ING Home Loan interest rate and repayment amount anytime by logging into your ING app or online banking at ing.com.au
To see your new rate simply login on or after 4 March 2025. If you have a principal and interest loan, you can also login to see your new repayment amount from 5 March 2025.
How do I find out my new interest rate before the effective date?
To calculate what your new interest rate will be from 4 March 2025, all you have to do is:
- Open your ING app
- Select your Home Loan account
- Select the interest tab to find your current interest rate
- Follow the below calculation to work out your interest rate
Your current interest rate less the rate change of 0.25% = Your new rate as of 4 March 2025.

To get an estimate on how your new rate will impact your repayments, you can try our Home Loan Repayment calculator.
- Login to ing.com.au/securebanking/
- Go to my accounts then select your home loan
- Your current interest rate is displayed here
- Follow the below calculation to work out your interest rate
Your current interest rate less the rate change of 0.25% = Your new rate as of 4 March 2025.

To get an estimate on how your new rate will impact your repayments, you can try our Home Loan Repayment calculator.