Non-major increases IO rates

by Miklos Bolza05 May 2017
ING has announced it will be increasing rates for new and existing Interest Only owner-occupier borrowers by 0.15% effective 23 June 2017.

Once these changes come into effect, rates for ING's variable interest products will be as follows:
 
Owner occupier loans Old rates New rates
Mortgage Simplifier (P&I) 3.94% p.a. 3.94% p.a.
Mortgage Simplifier (IO) 3.94% p.a. 4.09% p.a.
Orange Advantage (P&I) 3.79% p.a. 3.79% p.a.
Orange Advantage (IO) 3.79% p.a. 3.94% p.a.
Investor loans    
Mortgage Simplifier (P&I) 4.69% p.a. 4.69% p.a.
Mortgage Simplifier (IO) 4.69% p.a. 4.69% p.a.
Orange Advantage (P&I) 4.54% p.a. 4.54% p.a.
Orange Advantage (IO) 4.54% p.a. 4.54% p.a.

 

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