ING will offer $ 3,000 in cashback in mortgage loans

As the drawdowns on term financing facilities come to an end, ING is now offering refinancing clients $ 3,000 in cashback on mortgage products.

ING offers cashback on all fixed and variable home loans, provided there is at least $ 500,000 left on the loan.

Borrowers must apply by September 30 and pay off the mortgage by December 31.

ING currently offers fixed rate home loans for owner occupiers starting at 1.84% per annum (comparison rate of 3.73% per annum *), which applies to the fixed two-year mortgage loan with account Orange Advantage compensation.

Other lenders to have offered repayment offers include Westpac and its subsidiaries St. George, Bank of Melbourne and BankSA, and 86,400, among others.

Compared to other lenders, however, ING’s minimum refinancing rate of $ 500,000 is much higher; many other lenders require a minimum of around $ 150,000 to $ 250,000.

Below, you can compare a range of home loans from other lenders with great deals, including repayment deals.


The entire market was not taken into account in the selection of the above products. Instead, a smaller portion of the market has been envisioned, which includes the retail products of at least the Big Four Banks, the Top 10 Client-Owned Institutions, and Australia’s largest non-banks:

  • The big four banks are: ANZ, CBA, NAB and Westpac
  • The top 10 institutions owned by clients are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management as of November 2020. They are (in descending order): Great Southern Bank, Newcastle Permanent , Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.
  • The largest non-bank lenders are those who (as of 2020) have more than $ 9 billion in loans and advances funded by Australia. These groups are: Resimac, Pepper, Liberty and Firstmac.
  • If you click on a product link and are directed to a product or service provider’s web page, it is highly likely that a commercial relationship exists between that product or service provider and .at

Products from some vendors may not be available in all states. To be taken into account, the product and the price must be clearly published on the website of the supplier of the product.

In the interest of full disclosure,, Performance Drive, and are part of the Firstmac group of companies. To learn more about how handles potential conflicts of interest, as well as how we are paid, please click on the links on the website.

*Comparison rate is based on a loan of $ 150,000 over 25 years. Please note that the comparison rate only applies to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as draw charges and cost savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Harrison astbury

Harrison is a senior financial reporter and joined Savings in 2020. Prior to joining Savings, he worked for some of Australia’s largest comparison sites and media organizations. With a keen interest in economics, housing policy and personal finance, Harrison is passionate about educating readers about the strings that are pulled in high places and how it affects everyday Australians.

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