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ING DIRECT lowers set up costs for home loans

Published on 15/08/2011

 In another move to prove it’s serious about competing in the home loan space, ING DIRECT will waive two of its fees for borrowers with up to 80% LVR.

“We’re conscious that it’s a very competitive environment at the moment and these offers prove that we’re very keen to maintain our position as a true alternative to the major banks”, said Mark Woolnough, Head of Broker Sales.

“We’re always looking at ways to add value to our customers and this is a great example. Plus, when matched with either our current SmartPack bonus discount promotion or fixed rate pricing, these offers are even more compelling.”

  • Waived SmartPack Fee for home loan applications with a total LVR of up to and including 80% and where SmartPack is selected.
  • Waived Application Fee for fixed rate home loans with a total LVR of up to and including 80%.

Both offers apply to new loans unconditionally approved from Monday 15 August 2011 until further notice.

Caroline Thomas, ING DIRECT
Ph: 02 9018 5160 or 0413 317 225


ING DIRECT began operating in Australia in 1999. By doing business online, over the phone and through intermediaries, ING DIRECT keeps it overheads low and passes the savings onto customers in the form of competitive rates. Today, it has grown to become Australia’s fifth largest retail bank, with $24 billion in deposits, more than $37 billion in loans and around 1.4 million customers. Please note ING DIRECT is never abbreviated to ING.

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