What is the ING Mortgage Simplifier variable rate?

The ING Mortgage Simplifier charges 5.99% p.a. variable (comp. 6.02% p.a.) for owner-occupied principal and interest loans at up to 70% LVR, and 6.04% p.a. (comp. 6.07% p.a.) at up to 80% LVR. There are no monthly or annual fees.

Does ING offer an offset account on the Mortgage Simplifier?

No. The ING Mortgage Simplifier is a no-frills loan without an offset account. ING's Orange Advantage product includes an offset but has a higher rate.

What is the minimum loan amount for ING?

ING requires a minimum loan amount of $150,000 for the Mortgage Simplifier home loan.

ING Mortgage Simplifier Review (2026)

Rates and details verified 24 June 2026

Rates can change without notice. Last verified: 24 June 2026 (AEST). Please confirm details on the bank’s official page.

OO P&I (≤70% LVR)

5.99%

p.a. variable (comp. 6.02%)

Ongoing fees

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.

The Mortgage Simplifier starts at 5.99% p.a. (comp. 6.02%) for ≤70% LVR, rising to 6.04% p.a. (comp. 6.07%) at ≤80% LVR. That is 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 (≤70% LVR)	5.99% p.a. (comp. 6.02%)
OO P&I (≤80% LVR)	6.04% p.a. (comp. 6.07%)
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 24 June 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

✗ From 5.99% (≤70% LVR) — not the cheapest in our comparison
✗ Investment/IO rates not published
✗ No offset account on Simplifier
✗ $150k minimum loan

How It Compares

Westpac Flexi First Option (Online Offer)
6.44% p.a. — OO P&I (≤70% LVR)
ING Mortgage SimplifierReviewed here
5.99% p.a. — OO P&I (≤70% LVR), ≤80% LVR tier above
loans.com.au Variable Home Loan (Bare)
6.04% p.a. — OO P&I (≤90% LVR)
NAB Base Variable Rate Home Loan
6.44% p.a. — OO P&I

→ Compare all home loans

Related guides

FAQs

What is the ING Mortgage Simplifier rate?

5.99% p.a. OO P&I at ≤70% LVR (comp. 6.02% p.a.), and 6.04% p.a. (comp. 6.07% p.a.) at ≤80% LVR.

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.

View ING Home Loans →

Comparison rate based on a $150,000 loan over 25 years. Information verified 24 June 2026. Confirm rates, fees, and eligibility on ING's website before applying. This is not financial advice.