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.
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.
- Login to the app
- Select your home loan account
- Tap the ‘Interest’ tab to find your current interest rate
- 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.

- Login to ing.com.au
- Select your home loan account
- Your current interest rate is displayed at the top
- 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.
