ING Personal Loan Australia, Fixed 6.89% p.a., No Ongoing Fees, Fortnightly Repayments & Same-Day Funds up to $60k
Fixed-rate ING personal loan from 6.89% p.a. with no ongoing fees, flexible fortnightly repayments and fast same-day funding up to $60,000
Overview of the ING personal loan in Australia
The ING personal loan is a competitive unsecured option for Australians seeking a fixed interest rate from 6.89% p.a., with loan amounts available up to $60,000. This ING loan suits borrowers who value predictability, offering fixed repayments and transparent fees across terms of 2 to 7 years.
With no ongoing fees and the possibility of same-day funds for existing customers, the ING personal loan stands out among personal loan Australia products for everyday needs like car upgrades, home improvements or debt consolidation.
Key features and benefits
Primary features include a fixed interest rate, no ongoing fees, and flexible fortnightly repayments or monthly options to match your pay cycle. The comparison rate starts from 7.10% p.a., and extra repayments or early repayments are allowed without penalty.
Existing ING customers often get fast access to funds — in many cases same-day funds once the offer is accepted — and new customers can apply online quickly, with funds typically deposited within a few business days. The loan establishment fee is often waived for Orange Everyday customers.
How repayments and flexibility work
Fortnightly repayments make budgeting easier for PAYG workers and casuals who get paid every two weeks — that’s a common setup here in Australia. You can switch between fortnightly and monthly repayments and use direct debit from an ING or external account.
Because the interest rate is fixed, your repayments won’t change during the loan term, which helps with long-term planning. You can also make additional payments at any time to reduce interest and shorten the loan term without penalty.
Eligibility, application and practical tips
To apply for an ING personal loan you must be 18 or older, an Australian citizen or permanent resident with a residential address in Australia, and meet minimum income requirements (often around $36,000 p.a.). Keep your ID, PAYG payslips and evidence of liabilities ready to speed up approval.
The online application is straightforward: check eligibility, upload documents and accept the offer. If you’re an existing ING customer you can often get same-day funds; if you’re new, expect funds within two to three business days. Always compare the comparison rate and read the Product Disclosure Statement.