ING Mortgage Simplifier Review (2026)
Rates and details verified 18 May 2026
Rates can change without notice. Last verified: 18 May 2026 (AEST). Please confirm details on the bank’s official page.
OO P&I (≤80% LVR)
6.14%
p.a. variable (comp. 6.17%)
Ongoing fees
$0
no monthly or annual fees
Min loan
$150k
minimum loan size
About the ING Mortgage Simplifier
ING Australia is a subsidiary of the Dutch ING Group, operating as a digital-first bank with no branch network. The Mortgage Simplifier is their entry-level home loan — a no-frills product with no monthly or annual fees and unlimited extra repayments and redraws.
At 6.14% p.a. for ≤80% LVR, the Mortgage Simplifier is higher than Macquarie (5.84%), HSBC (5.99%), and Westpac (5.99%), but it represents a competitive rate for a well-known digital bank with a simple, fee-free structure. The minimum loan amount of $150,000 is worth noting for smaller borrowers.
Key Rates and Features
| Feature | Detail |
|---|---|
| OO P&I (≤80% LVR) | 6.14% p.a. (comp. 6.17%) |
| Investment P&I | Not published — contact ING |
| Interest-only (IO) | Not published — contact ING |
| Monthly/annual fees | $0 |
| Extra repayments | Unlimited |
| Redraw facility | Free |
| Offset account | Not available on Simplifier |
| Min loan | $150,000 |
Rates as at 18 May 2026. Check ING's website for the latest.
Pros and Cons
Pros
- ✓ No monthly or annual fees
- ✓ Unlimited extra repayments + free redraw
- ✓ Well-known digital bank with reliable app
- ✓ ≤80% LVR — accessible to most borrowers with standard deposit
Cons
- ✗ 6.14% — higher than Macquarie (5.84%), HSBC/Westpac (5.99%)
- ✗ Investment/IO rates not published
- ✗ No offset account on Simplifier
- ✗ $150k minimum loan
How It Compares
- Westpac Flexi First: 5.99% OO P&I (≤70% LVR)
- loans.com.au: 6.04% OO P&I (≤90% LVR)
- ING Mortgage Simplifier: 6.14% OO P&I (≤80% LVR)
- NAB Base Variable: 6.44% OO P&I
FAQs
What is the ING Mortgage Simplifier rate?
6.14% p.a. OO P&I at ≤80% LVR (comp. 6.17% p.a.).
Is there an offset account?
No — the Simplifier is a no-frills loan. ING's Orange Advantage includes offset but has a higher rate.
What is the minimum loan size?
$150,000. Borrowers needing less should consider other lenders.
Comparison rate based on a $150,000 loan over 25 years. Information verified 18 May 2026. Confirm rates, fees, and eligibility on ING's website before applying. This is not financial advice.