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Personal Loans

  1. Home
  2. ING Personal Loans
  3. ING Loan for debt consolidation

ING Loan for Debt Consolidation

Apply now Get my rate
Fixed rate
From
6.19 % p.a.
 
To
19.99 % p.a.
Comparison Rate
From
7.03 % p.a.
 
To
20.78 % p.a.
  • No early repayment fees on your personal loan
  • Know your repayments for the life of your loan
  • Apply to borrow from $5,000 to $60,000

Nicely done, stay on top of those bad debts

Whether you're just starting out in your relationship with money or an old hand, it's never too late to show debt who's boss with an ING Personal Loan. Take control by consolidating debts into one fixed repayment. With a low fixed rate, and no penalties for early repayments, you can get back the control over your finances fast.

Personal Loan Features

Why choose an unsecured personal loan to consolidate debt?

  • Personalised fixed interest rate

    Know exactly what your repayments will be with a low fixed interest rate from % p.a. to % p.a. (comparison rate from % p.a to % p.a.)

  • Take control with no early exit fees

    With no early repayment fees on additional repayments, you can get on top of your debt sooner.

  • Get cash pronto!

    Consolidate debt sooner when you have an Orange Everyday. You could get your personal loan funds on the same day that you accept your loan offer.

  • Highly recommended

    Join the thousands of Aussies choosing an ING Personal Loan with Australia's Most Recommended Bank. Compare personal loan rates now.

Important information
It only takes about 20 minutes to complete our online application form.
Get my rate & apply
Work out how much you might be able to borrow.
Calculate now
Tools and calculators

Calculators

Let's talk $$$ and what makes sense. Work out how much your repayments could be, as well as how much you could borrow, and save with an ING Personal Loan.

Repayments

Loan amount (Min $5,000, Max $60,000)

ING offers personal loans between $5,000 and $60,000

Loan term (Min 2 years, Up to 7 years)

Please enter a loan term between 2 and 7 years.

Estimate your credit rating Info Icon

Comparison rate: % p.a.

Payment Frequency

Estimated repayments

$ 0

In the next step we will collect some personal details to check your credit score and give you your personalised rate. From here you can decide if you want to continue with your application.

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Important: The estimated repayment amount provided in this calculator is exclusive of the monthly Loan Service Fee.

Borrowing power

About you

Dependents:

Postcode:

Your income

Gross monthly salary:

Other monthly income:

 

Your monthly expenses

Living expenses:

Rent / Mortgage repayments:

Total other loan repayments:

Total credit card limit:

Debt consolidation (if applicable)

Other loan limit
to consolidate:

Credit card limit
to consolidate:

About loan

Estimate your
credit rating:

Comparison rate: % p.a.


Loan term:

Oops, 6 and 7 year repayment terms are only available for loans over $30,000.

Estimated borrowing power

$-

(rounded down to nearest $500)

Sorry, we're unable to consider a loan application based on the details entered.

Estimated monthly repayments

$-

(based on estimated borrowing power)

Fixed interest rate: -% p.a.

Comparison rate: -% p.a. (Warning.)

Sorry, we're unable to consider a loan application based on the details entered.

Important: This result is an estimate only and is based on the information you have entered, and is not an offer of credit. Your actual rate and repayment amount may be different. Any application for credit is subject to ING's credit approval criteria, as well as minimum and maximum loan amounts. Note that the estimated borrowing power and repayment amount in these calculators is exclusive of the monthly Loan Service Fee.

See what you could save

See what you could save

Thinking about taking out a personal loan with ING? Use Canstar's personal loan calculator to see how much you'd have to repay under different borrowing scenarios. You can also see how ING personal loans compare with other options.

Compare personal loans

Rates, fees and limits

Rates, fees and limits

With an ING Personal Loan, we've made the ins and out super simple. No early repayment fees. No exit fees. Plus, a low personalised fixed interest rate.

Interest rates
  • Fixed interest rate
    from % p.a. to % p.a.
  • Comparison rate
    from % p.a. to % p.a.
Fees
  • Establishment fee
    $199
  • Monthly Loan Service Fee
    $8
  • Late payment fee
    $30
  • Early repayment fee
    $0
  • Interim statement fee
    $7 per statement
Limits
  • Minimum loan amount
    $5,000
  • Maximum loan amount
    $60,000
  • Available terms
    2 to 7 years

Terms & conditions

All the detail to help you make an informed decision.

It only takes about 20 minutes to complete our online application form.
Get my rate & apply
Work out how much you might be able to borrow.
Calculate now
Resources

Your personal loan resources kit

In planning mode? We've got some tips and calculators to help you.

Tips, hints and guides

Forms

Calculators

Tips, hints and guides

Your guide to taking control of debt

Be clear about fees on your personal loan

Save by making additional repayments

 View all

Forms

Terms and Conditions

Credit Guide

Target Market Determination

 View all

Calculators

Personal loan borrowing power calculator

Personal loan repayments calculator

Canstar comparison tool

 View all
It only takes about 20 minutes to complete our online application form.
Get my rate & apply
Work out how much you might be able to borrow.
Calculate now
How to apply

Ready to apply for an ING Personal Loan?

If you want to borrow between $5,000 and $60,000, all you have to do is:

1. Apply

It only takes about 20 minutes to complete our online application form.

2. Accept the contract

While we work through your application, we'll keep you in the loop via email and SMS. If approved, you then review and accept your contract online.

3. Get paid, same day

Receive the money on the same day you accept your loan offer if you're an existing customer, and elect for the money to be transferred to your Orange Everyday account.

Things to know before you apply:
To be eligible to apply for an ING Personal Loan, you must:

Be aged 18+ and have a valid proof of ID - driver's licence, passport or Medicare

Earn $36,000 or more a year (before tax) with PAYG payslips as your primary source of income

Be an Australian citizen, New Zealand citizen, or a permanent resident of Australia

Maintain an Australian residential address

Have a good credit rating and meet our credit lending guidelines

Note: ING Personal Loans are currently not available to self-employed applicants.

You should have the following supporting documents handy so we can assess your application faster. Examples of supporting documents can include:

PAYG payslips

Proof of super income

Bank statements

Tax returns

It only takes about 20 minutes to complete our online application form.
Get my rate & apply
Work out how much you might be able to borrow.
Calculate now
Related questions

Things you might be wondering

  • When you consolidate credit cards and other accounts into a single ING Personal Loan, some of the practical benefits include:

    One fixed repayment: With a fixed rate loan, your repayment amount stays the same for the entire duration of the loan. That predictability makes monthly budgeting straightforward.

    Fewer accounts to manage: Instead of tracking multiple due dates and balances, you have one loan and one repayment.

    Potential interest saving: If the interest rate on your new loan is lower than the average rate across your existing debts, you may pay less interest overall. This is not guaranteed and will depend on the interest rates, fees and loan term. In some cases, consolidating debt could increase the total amount of interest paid over time. It is worth modelling before you apply.

    No early repayment fee: If you want to pay off the loan ahead of schedule, you can do so without penalty. Keep in mind that other fees apply, including an establishment fee, a monthly loan service fee, and a late payment fee.

  • At ING, the Personal Loan is designed around transparency. Your interest rate is personalised based on your individual Equifax credit score and financial situation. All fees and conditions are disclosed upfront before you commit to anything.

    You can apply to borrow anywhere from $5,000 up to $60,000. This range makes the ING Personal Loan suitable for a variety of consolidation needs, whether you are clearing a few smaller loans or managing a more substantial total balance.

    If your financial situation improves and you want to pay off the loan early, there is no early repayment fee. You can make additional repayments at any time.

  • Before starting your application, confirm that you meet the eligibility criteria:

    Be at least 18 years old

    Be an Australian citizen, New Zealand citizen, or hold permanent residency in Australia

    Live at an Australian residential address

    Earn a minimum of $36,000 per year before tax from regular PAYG employment

    Have a credit history that meets ING's standard lending guidelines

    The ING Personal Loan is not currently available to self-employed applicants.

  • You can complete the ING Personal Loan application online in around 20 minutes. To keep the process moving, have the following documents ready before you start:

    Valid photo ID such as a driver's licence or passport

    Recent PAYG payslips

    Recent bank statements

    Once you submit your application, ING will keep you updated via email and SMS. If your application is approved and you are an existing ING customer with an Orange Everyday account, the funds may be available in your account on the same day you accept your loan contract online.

    In most cases the application process is fully digital, though some customers may be required to verify their identity via Australia Post.