ING Direct Home Loan Increase Interest Rates By 0.15%

Dec 8, 2016 Home Loans, ING Direct, Interest Rates, NAB, New Loan Products, variable interest rate, Westpac by Administrator

ING Direct have announced that they will be increasing their variable interest rates on all residential home loan products for new and existing customers by 0.15% p.a. These changes will be effective from 12th December 2016.

ING Direct have also increased their commercial loan interest rates for existing customers by 0.20%. For new business, their commercial mortgages are increasing by 0.10% to 0.20%. Similar to residential loans, the commercial rates will take effect from 12th December 2016.

Before the Decmeber RBAs announcement of not changing interest rates, NAB and Westpac also increased interest rates for certain home loan and investment loan products. You can read about it here. There seems to be a trend happening where lenders are increasing their variable interest rates.

If you have any questions about these announcements, please feel free to contact us.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

We recommend that you view and compare current home loan and investment loans click the link below.