Variable rate loans

• ING Variable Home Loan interest rates for new and existing owner occupier and investor borrowers will decrease by 0.25% p.a. from 3 June 2025.

Repayment amounts

Principal and interest loans: principal-and-interest repayment amounts will change from 27 June 2025.

• What this could mean for you. A reduction to variable rates means your principal and interest minimum repayment amount is likely to decrease. For example, if you had 25 years left on a $500,000.00 Mortgage Simplifier, you could save $75 a month on your minimum repayments based on a new rate of 5.64% p.a. (comparison rate 5.67% 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: interest-only repayment amounts will change from 1 July 2025.

Verifying Repayment Changes

• Customers can check their current ING home loan interest rate and repayment amount anytime via the ING app or online banking at ing.com.au
• To view their new interest rate, customers can log in from 4 June 2025. Principal and interest loan customers can see their updated repayment amount from 5 June 2025.

Source: ING Rate Announcement