Wednesday 4 May 2022:

Effective from 10 May 2022, ING will increase its variable residential home loan interest rates by 0.25% p.a. for new and existing customers.

Any customer that may be concerned about their ability to repay their home loan is encouraged to contact ING as soon as possible so the bank can work with them to find a solution.

-ENDS-

Notes to editors

For more information contact Megan Landauro on 0413 317 225 or megan.landauro@ing.com.au.

About ING

ING changed the way Australians bank 22 years ago by launching the country’s first branchless bank. ING now offers Australians home loans, transactional banking, superannuation, credit cards, personal lending, insurance and wholesale banking services.

ING is Australia’s most recommended bank according to RFi XPRT Survey, October 2021 – March 2022 (n = 32,001) when compared to customers of 20 other banks operating in Australia. It is also Australia’s fifth largest main financial institution (MFI) with 6% of the market share according to RFi XPRT Survey, October 2021 – March 2022 (n = 32,001). MFI is defined as the bank that the consumer says is their main financial institution.