ING Australia Personal Loans

Ratings

4.6

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ING Australia

ING Australia Personal Loan

"ING Group is the sole owner of ING Bank Australia Limited, which is traded as ING. By introducing Australia's first high-interest, no-cost online savings account two decades ago. ING revolutionised the way Australians banked. With housing finance, transactional banking, superannuation, personal financing, credit cards, and insurance products, ING bank aims to add value to consumers. It secures the position of the fifth-largest bank in Australia. "

Ing Australia Personal Loans Rates

Lenders	Rate of Interest	Comparison Rate	Ratings
ING Australia	6.99% - 16.99%	7.2% - 17.22%	4.5

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Pros & Cons-ING Australia

Pros

Strict lending policies.
Customer Support.

Cons

Strict Age Restrictions.
Home Loan for Self-Employed.
Signup Fees.
High Property Value for First Home Buyers.

About
Features
Eligibility
How to Apply
Customer Support
FAQ

About ING Australia Personal Loan

To accommodate its clients' various financial demands, ING Australia offers personal loans. Depending on the customer's credit score, financial background, and capacity to repay the loan, the bank offers both secured and unsecured personal loans. A vehicle or other piece of property must be pledged as security for secured personal loans, but no security is needed for unsecured loans. As defined by the loan size, length, and borrower's credit history, ING Australia personal loans provide competitive interest rates.

Features of an ING Australia Personal Loan

Borrowing money is made simpler and more inexpensive with ING Australia personal loans thanks to a number of features and advantages. A personal loan from ING Australia has a few crucial characteristics, such as:

Competitive interest rates: ING Australia offers personal loan customers competitive interest rates that can result in cost savings over the course of the loan.
Various payment options: According to their financial demands and budget, customers of ING Australia can choose from 1 to 5 years for their repayment period.
A personal loan from ING Australia has no recurring fees, which can help borrowers save money over time.
Clients can make additional payments on their personal loans without incurring penalties, which can help them pay off their debt more quickly and save money on interest.

Redraw facility: ING Australia offers a redraw facility that enables clients to access any additional repayments they have made on their personal loans. This feature is helpful in times of need because it lets customers access money when they need it most.

Eligibility Criteria

In order to be approved for an ING Personal Loan, the applicant must fulfill the following requirements:

A minimum age of 18 is required for the application.
The candidate must be a citizen of Australia or a permanent resident.
The candidate must have a strong credit history.
The candidate must be supported by a steady salary.

How to Apply for an ING Personal Loan

A quick and easy application process is required for an ING Personal Loan. The bank has a simple, three-step online application process that is available. There are the following steps in the application process:

Step 1: Go to the ING Bank website and click Personal Loans in the menu.
Step 2: After selecting "Apply Now," complete the online application.
Step 3: Submit all the paperwork required to finish the application process.
Step 4: The bank will assess your application after you've submitted it, and you'll get a response in a couple of business days.

Documents Required for ING Personal Loan

Application materials for an ING Personal Loan must include the following:

A passport or driver's licence, or other document serving as identification
Income documentation (such as payslips or tax returns)
a three-month period's worth of bank statements
Describe any additional debts or credit cards you may have
Describe any assets or liabilities you may have.

ING Australia Personal Loan Calculator

For borrowers who want to project their monthly repayments and overall loan costs, the ING Australia personal loan calculator is a handy tool. The calculator accounts for the loan's principal, interest rate, length of repayment, and any additional costs. Clients can change the parameters to determine the loan amount and term that best fits their financial situation and budget.

Customer Service for ING Personal Loan

Customer service at ING Bank is renowned for being top-notch. Customers have several ways to get in touch with the bank. The bank's customers can get in touch with it through phone, email, or by stopping by one of its branches. Customer service personnel at ING are trained to be helpful and knowledgeable, and they are constantly on hand to answer questions from clients.

Customers can communicate in real time with a customer support agent through the bank's online chat facility. Customers can get their questions answered day or night thanks to the online chat service's round-the-clock availability.

Frequently Asked Questions

What is the interest rate of a personal loan in ING Australia Bank?

The amount of the loan, the borrower’s income, and their credit history all affect the interest rate of a personal loan from ING Australia Bank. Nonetheless, the bank offers affordable interest rates beginning at 5.99% per annum.

What is the minimum and maximum loan amount for an ING Australia Bank personal loan?

$5,000 is the minimum loan amount, and $50,000 is the maximum loan amount for personal loans from ING Australia Bank.

What is the loan term for an ING Australia Bank personal loan?

Depending on the borrower’s needs and financial situation, the period of a personal loan from ING Australia Bank might range from 2 to 5 years.

How can I calculate my ING Australia Bank personal loan repayments using the loan calculator?

The loan calculator offered by ING Australia Bank on its website makes it simple for borrowers to determine their monthly loan repayments. The calculator will give you a rough idea of how much you will have to pay back once you enter the loan amount, length, and interest rate.

How does ING Australia Bank customer service support customers with their personal loans?

Via a variety of channels, including phone, email, and online chat, ING Australia Bank provides customer service assistance to borrowers. For assistance with personal loans, clients can also go to a real branch location.

What happens if I miss a payment on my ING Australia Bank personal loan?

A late payment fee may be assessed to a borrower who skips a payment on an ING Australia Bank personal loan. In addition, missed payments can lower the borrower’s credit score and incur additional fees and interest.

Can I get an ING Australia Bank personal loan if I have bad credit or no credit history?

Strict qualifying requirements, such as a minimum income requirement and a positive credit history, are in place at ING Australia Bank for personal loans. It could be tough for borrowers with poor credit or no credit history to be approved for a personal loan from the bank.