Non-major to offer loyalty cash rewards on home loans

by Julia Corderoy09 Apr 2015
ING Direct has announced a new loyalty rewards scheme, offering consumers cash back on home loan repayments.

Effective 1 May 2015, existing and new Orange Advantage customers will receive 1% cash back based on monthly mortgage repayments of up to $3,000. 

To be eligible for the home loan loyalty reward, Orange Advantage customers must also have an Orange Everyday transaction account and deposit their salary (of $1,000 or more) into it each month. The home loan rebate will be paid into their Orange Everyday transaction account at the end of each month.

Lisa Claes, executive director of customer delivery at ING Direct, said the rewards scheme was a way of saying thank you to customers.

“We are focused on becoming the primary bank for our customers and over the past few years we have been expanding our product and service offering to meet the broader financial needs of Australians, whether they’re looking for a transaction account, home loan, savings account or superannuation,” she said.

“We truly appreciate our loyal customers and the brokers who have introduced many of these customers to us.”