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Interest rates

Interest rate announcements

Some of our interest rates are changing

See tables below for details.

Home loan interest rate changes

Home loan interest rate changes

Here's how interest rates are changing for ING Home Loans and when they become effective.

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.


We’ll keep you posted

We’ll always confirm your new interest rate and repayment amount in writing by sending a change notice to your Messages in the ING app, online banking or in the mail.


Checking your current and new rate and repayments

You can check your current interest rate and repayment amount anytime by logging into your home loan account using the ING app or online banking.

To see your new rate: login on or after 4 June 2025.

To see your new repayment amount : if you have a principal-and-interest loan, login from 4 June 2025.

Keeping repayments at the current amount could pay down your loan faster

If you keep making repayments at your current amount rather than the new minimum, you’ll not only save on interest but could also pay down your loan faster.

To see how different repayment amounts can help you pay down your loan, try our home loan repayment calculator.


Repayment calculator




Working out your new rate before the effective date

Follow these steps to calculate what your new interest rate will be from 3 June 2025.

ING App
  1. Login to the app
  2. Select your home loan account
  3. Tap the ‘Interest’ tab to find your current interest rate
  4. Follow the calculation below to work out your new interest rate
Your current interest rate
- the rate change of 0.25%
= your new rate from 3 June 2025

Don’t have the ING app?

To get the latest ING app, simply search ING Australia in the Apple App Store or Google Play.

Online banking
  1. Login to ing.com.au
  2. Select your home loan account
  3. Your current interest rate is displayed at the top
  4. Follow the calculation below to work out your new interest rate
Your current interest rate
- the rate change of 0.25%
= your new rate from 3 June 2025

To see how different repayment amounts can help you pay down your loan, try our Home Loan Repayment calculator.

Savings interest rate changes

Savings interest rate changes

Here's how interest rates are changing for ING savings accounts and when they become effective.

Savings Maximiser
Variable interest rate
Effective from 28/02/2025

5.40% p.a. highest variable rate (made up of the standard variable rate and 5.35% p.a. additional variable rate) for customers who also have an Orange Everyday Bank account and do these things each month.

1. Deposit at least $1,000 from an external source to any personal ING account in their name (excluding Living Super and Orange One)
2. Make 5 or more settled (not pending) eligible ING card purchases
3. Grow their nominated Savings Maximiser balance (excluding interest earned for the current month).

When the criteria is met in a calendar month, the benefits and additional variable rate will apply in the next calendar month. Available on one account for balances up to $100,000.

The standard variable rate is 0.05% p.a.

5.40% p.a. highest variable rate (decreased from 5.50% p.a.), made up of:

5.35% p.a. additional variable rate for eligible customers (increased from 4.95% p.a.)

0.05% p.a. standard variable rate (decreased from 0.55% p.a.)

Savings Goal Calculator
See how much you need to put away, and how often, to reach your target.
Term Deposit Calculator
See how your money can grow, based on current rates and the term you choose.
FAQs

FAQs

Answers to frequently asked questions about interest rate changes.

Why are interest rates changing?
  • ING regularly reviews interest rates to adjust to market changes while ensuring we continue to provide you with simple, effective banking products. This means occasionally we need to change our rates.

Helpful resources

Helpful resources

There are lots of smart ways you can get ahead on your home loan. From making extra repayments to changing your repayment frequency or even your loan type.
Here’s 4 home loan hacks to get you started.

Make extra repayments if you can

Paying extra into your home loan, in addition to your regular minimum repayment amount, is a straightforward way to save on interest and potentially cut years off your loan.

More about extra repayments

Repayment calculator

Think about your repayment frequency

Depending on your loan, you can choose fortnightly or monthly repayments. Paying monthly can be convenient if you’re paid monthly but paying fortnightly could save you interest long term.

More about repayment frequency

Find the home loan that works for you

As life changes, we understand your home loan needs can change too. If you want more certainty, switching to a fixed rate loan (or splitting between fixed and variable) could help.

Manage your loan

Compare our loans

Switching your loan

Splitting your loan

See what support options are available

If you're finding it hard to make repayments, our financial support team’s here to help.

Support options