What ING actually offers
ING's personal loan range is a single unsecured fixed-rate product: a borrow-and-repay term loan from $5,000 to $60,000 with terms of 2 to 7 years. There is no monthly account fee, and the rate is fixed for the life of the loan.
The product is positioned squarely against the Big 4 unsecured personal loans, with ING typically publishing a slightly sharper rate (consistent with its digital-first cost structure) and a no-monthly-fee position.
How ING's rate fits the market
ING's headline unsecured personal loan rate in mid-2026 sits at the sharper end of the Big 4 / tier-2 range, though not at the deepest discount end of the market. The cleanest reads come from the comparison rate, which factors in establishment and ongoing fees.
For borrowers consolidating debt, the ING product is competitive against Big 4 alternatives but is rarely the sharpest. Customer-owned banks and non-bank specialists frequently publish lower headline rates, with the trade-off that the brand recognition is lower and the application process is different.
Eligibility
ING applies a credit assessment that includes a Comprehensive Credit Reporting check, income verification, and serviceability under HEM with the standard lender-specific overlay. Typical guardrails: Australian citizen or permanent resident, aged 18+, stable income, clean recent credit history.
ING's personal loan decisions are generally fast for clean files, returning a decision within 1 to 5 business days for a complete application.
When ING is the right pick
ING is a reasonable choice for borrowers who: want a no-monthly-fee unsecured fixed-rate term loan, value a digital-first application experience, and have a clean PAYG income profile.
It is not the right pick for borrowers who: need the absolute sharpest unsecured rate (look at customer-owned banks and non-bank specialists), need a secured product against a vehicle or home equity (look at car loans or a home loan top-up), or need a flexible draw-down facility (look at a credit card or line of credit).
Product lineup at a glance
Below is the current published product range. Rates are not listed inline because they change with the cash rate and per-borrower credit overlay. Click through to the lender's own rate card for the live figure.
The honest pros and cons
- Competitive unsecured rate against the Big 4
- No monthly account fee
- Fixed rate for the life of the loan
- Fast digital application for ING customers
- Sharpest unsecured rates in the market typically come from customer-owned banks
- Single product only; no secured personal loan option
- No flexible draw-down or revolving facility
- For debt consolidation with home equity, a mortgage top-up is usually cheaper
Frequently asked questions
What is the current ING personal loan rate?
ING publishes its current personal loan rate and comparison rate on the ING personal loans page. The comparison rate is the more useful number to use when shopping across lenders because it includes most fees.
How much can I borrow with an ING personal loan?
ING's unsecured personal loan covers $5,000 to $60,000. The actual approved amount depends on assessed serviceability under HEM, your credit history, and your existing commitments.
Is the ING personal loan secured or unsecured?
Unsecured. ING's personal loan does not require security against an asset. If you want a secured loan (for example to fund a vehicle purchase against the vehicle as security), a car loan from ING or another lender is a separate product.
Can I pay off an ING personal loan early?
Yes, ING allows early repayment. The exact treatment of early repayment fees is set out in the loan contract; on a fixed-rate term loan, some early-repayment break costs can apply, but the ING product is generally borrower-friendly on this dimension.
Should I consolidate debt with an ING personal loan?
Consolidating high-interest credit card or BNPL debt into a fixed-term personal loan can simplify your repayments and reduce total interest. If you have home equity, a home loan top-up against that equity is typically cheaper than any unsecured personal loan. Run both numbers before deciding.