ING DIRECT has launched an additional tier on its Orange Advantage 100% offset home loan, based on feedback from its broker network. Customers who have combined residential borrowings with ING DIRECT of $500,000 or more will receive a discount of 0.35% p.a. on the Orange Advantage interest rate for the life of the loan – resulting in a current variable interest rate of 6.99% p.a.
This new benefit came about after engaging with broker partners and seeking feedback on the bank’s products, service and policies which showed discounts on larger loans would be a welcome enhancement.
“This is yet another example of ING DIRECT delivering product enhancements to meet the changing needs of our customers. It not only offers a very competitive interest rate for customers but it also gives these customers a genuine alternative for their loan and transactional account, outside of the major banks,“ said Ray Esho, Head of Mortgage Products at ING DIRECT.
An Orange Advantage home loan offers 100% interest offset when linked to an Orange Everyday account. The balance in an Orange Everyday is offset against the outstanding balance of your Orange Advantage before interest is calculated.
For more information, please contact:
Ph: 02 9028 5160