Fixed Rate Home Loan - ING DIRECT - 4 yr fixed

Comparison Rate	6.44%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,473.11
Monthly Payment Est.	$1,171.49
Total Amount Paid Est.	$436,555
Establishment Fee	$499.00

8.04%

Target Market
Applicants who require the security of knowing that their interest rate will remain unchanged for the fixed term they select, but also the freedom to make additional repayments and therefore repay their loan sooner.

Acceptable Income
Applicant Types ,
PAYG Income Earners ,
Self Employed ,
Retirees evidence of ongoing capacity to repay after retirement is mandatory

Home Loan Loan Term
Maximum 30 years.

Home Loan Loan Size
Minimum $50K ,
Maximum $2million

Home Loan Repayment Type
P&I or interest only available for maximum of first 5 years of loan term. ,
Owner Occupier and Investment P&I and Interest Only options available.

Repayment Options
Fortnightly or monthly repayments. ,
Monthly repayments only on Interest Only loans.

Extra Repayments
Available up to $10,000 per 12 months from settlement date.

Split Loan Facility
Yes, minimum of $50,000 for Fixed Rate Term ,
In any combination,the highest of the application fees is payable for the first loan.For all subsequent loans in a combination ie. 2nd and 3rd loan an additional fee of $100 per loan is payable. ,
Construction Loans cannot be combined with any other loan type. ,
Minimum of $50,000 per loan in a combination. ,
Where there are independent applications against independent securities for the same customer ,each loan will incur separate application fees and commission.

Offset
Not available.

Redraw Facility
Not available during fixed term period. Redraw available when the loan reverts to the Mortgage Simplifier.

LVR for Fixed Rate Home Loan - ING DIRECT - 4 yr fixed

LVR without Mortgage Insurance up to 80% ,
LVR with Mortgage Insurance: ,
Up to 90% for Owner Occupier plus capitalised LMI Premium ,
Up to 90% for Investment Loans plus capitalised LMI Premiums ,
Refer to Special Lenders Criteria for details. ,
,
Reduced Equity Fee (REF): ,
LVR with REF Maximum up to 90% (including capitalised REF premium). ,
REF is available as an alternative to LMI to borrowers that meet more stringent credit criteria and are borrowing >80% of the property value. It is generally cheaper than LMI and is available on all Full Doc products.

Fees for Fixed Rate Home Loan - ING DIRECT - 4 yr fixed

Application fee of $499 (NSW, VIC, QLD) and $299 elsewhere, will apply to fixed rate loans. ,
Note: For fixed rate loans, where a client also requests to take Rate Lock-In the fee will be $499 in addition to the applicable Application Fee. The Rate Lock-In fee of $499 must be paid for each fixed Rate Lock-In taken as is payable on Application. ,
If eligible, Applicants may request SmartPack Discount for $699 negating the Application Fee. At the end of the Fixed Rate term, the SmartPack 0.06% discount will apply when the loan reverts to the Mortgage Simplifier at the end of the Fixed Rate term. ,
Account Keeping Fees: Nil ,
Additional Valuations fees commence at $200 for a standard valuation which are paid upfront, refer to Postcode Valuation Costs in the ING DIRECT Loan Applications folder. ,
Fees for Changes to the Letter of Offer: $250 applies to make changes to the Letter of Offer between disclosure date and settlement. ,
A legal fee of $220 minimum applies and is charged directly by the solicitor (displayed as Mortgage Preparation). Additional fees may be payable, for further information please consult your local INGD BDM or refer to ING DIRECT’s Pre-Settlement Fees & Charges brochure. ,
Additional Application fees may apply to non-Standard Loans where there is more than one security property, or where a combination loan is required. ,
Increase/Decrease $100 ,
Deferred Establishment Fee: ,
1 Year $1400 ,
2 Year $1050 ,
3 Year $700 ,
4 Year $350