ING review
Bank
Best suited for PAYG employees with a good credit score wanting an unsecured fixed-rate loan of $5,000 - $60,000 with free extra repayments and no early payout cost, priced by published credit-score tiers
Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. See our Credit Guide.
Advertised rates
6.19% - 19.99% p.a. fixed (unsecured personal loan, priced across five published Equifax credit-score tiers from Outstanding to Satisfactory; ING finances cars through this product, there is no secured car loan)
Comparison rate 7.03% - 20.78% (based on $30,000 over 5 years)*
Approval speed
About 20 minutes to complete the online application; existing ING customers can have funds in their Orange Everyday the same day they accept the contract
Credit-profile fit
Each loan gets a personalised fixed rate tied to the applicant's Equifax credit score across five published tiers, with the 6.19% floor going to Outstanding scores. Published eligibility: 18+, Australian or NZ citizen or permanent resident with an Australian address, good credit rating, and minimum $36,000 annual PAYG income. Not available to self-employed applicants; casual and contract employees are capped at $30,000.
Pros & cons
Pros
- Free early payout and unrestricted extra repayments
- Competitive 6.19% floor rate for strong credit profiles
- Transparent tiered credit-score pricing published up front
- About 20 minutes to apply, same-day funds for existing customers
- Terms to 7 years available on loans above $30,000
Cons
- $199 establishment fee plus $8 monthly service fee
- Not available to self-employed borrowers; casual and contract workers capped at $30,000
- Weaker credit tiers pay up to 19.99% p.a. (20.78% comparison)
- No redraw and no secured car loan option
Key features
- Unsecured loans $5,000 - $60,000 ($30,000 cap for casual/contract employees)
- Terms 2 - 5 years up to $30,000; 2 - 7 years above $30,000
- Personalised fixed rate from five published credit-score tiers
- Extra repayments anytime and free early payout
- Same-day funds to an Orange Everyday for existing ING customers
- No redraw facility
Fees
- $199 establishment fee
- $8 monthly loan service fee
- $30 late payment fee
- $0 early repayment fee
- $7 interim statement fee per statement
Frequently asked questions
Who is ING best suited to?
Based on our review, ING is best suited for PAYG employees with a good credit score wanting an unsecured fixed-rate loan of $5,000 - $60,000 with free extra repayments and no early payout cost, priced by published credit-score tiers.
What are ING's rates?
6.19% - 19.99% p.a. fixed (unsecured personal loan, priced across five published Equifax credit-score tiers from Outstanding to Satisfactory; ING finances cars through this product, there is no secured car loan). Rates and fees are current as at 13 Aug 2026 and are subject to change by the lender at any time.
What fees does ING charge?
$199 establishment fee. $8 monthly loan service fee. $30 late payment fee. $0 early repayment fee. $7 interim statement fee per statement.
How fast is ING's approval?
About 20 minutes to complete the online application; existing ING customers can have funds in their Orange Everyday the same day they accept the contract.
What credit profile does ING accept?
Each loan gets a personalised fixed rate tied to the applicant's Equifax credit score across five published tiers, with the 6.19% floor going to Outstanding scores. Published eligibility: 18+, Australian or NZ citizen or permanent resident with an Australian address, good credit rating, and minimum $36,000 annual PAYG income. Not available to self-employed applicants; casual and contract employees are capped at $30,000.
How do I apply through ING?
Start a Loanseekers enquiry and we compare ING against 70+ lenders for your situation. The initial check does not affect your credit score, and our specialists manage the application to settlement.
See if ING suits your situation
One enquiry compares ING against 70+ lenders for your exact position. No obligation, no impact on your credit score to enquire.
This is general information only, not personal advice; we have not considered your objectives, financial situation or needs. Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. Approval is subject to lender criteria. See our Credit Guide.
Rates and fees current as at 13 Aug 2026. Rates and fees are subject to change by the lender at any time.
*The comparison rate is based on the lender's published example and is true only for that example. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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