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ING DIRECT to decrease variable home loan rates by 0.25%

Published on 07/05/2013

ING DIRECT will lower the interest rate on its variable mortgages by 0.25%, effective Friday 17 May 2013.

The RBA cash rate is one element considered however, the bank’s funding position was the driver of the decision.

Its most popular home loan the Mortgage Simplifier will be 5.47% p.a.

ING DIRECT is the fifth largest home lender in the country with $38 billion in mortgages.

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Media contact:

Caroline Thomas
+61 2 9018 5160
+61 413 317 225


ING DIRECT pioneered branchless banking in Australia by offering the first online, high interest, fee free savings account. Our low cost operating model allows us to pass these savings on to the customer in the form of great value products and services. Today, ING DIRECT has more than 1.4 million customers with $30 billion in deposits and $38 billion in mortgages and a range of products including transaction accounts and superannuation. Please note ING DIRECT is never abbreviated to ING.


Media Enquiries

David Breen
Head of Corporate Affairs
0412 933 060

Megan Landauro
Public Relations Manager
0413 317 225

60 Margaret Street
Sydney NSW 2000

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