ING Direct Home Loan Lender

ING Direct Home Loan Lender

ING Direct Home Loan Lender, or more formally known simply as ING Direct, pioneered branchless banking in Australia in 1999. The idea was to lower the cost to client by cutting back on overhead costs. ING Direct Home Loan Lender has headquarters in Sydney and a 24/7 service center in Tuggerah NSW. ING Direct is now the sixth largest retail bank in Australia with about $20 billion in deposits, $30 billion in loans with more than a million clients.

ING Direct Home Loan Lender offers a gamut of financial services, without the usual monthly fees because it operates online. Aside from savings and business financial service products, ING Direct Home Loan Lender offers home loans with several options:

1. Variable Rate Loans: This loan type offers variable interest rates, depending on market rate. This loan type by ING Direct Home Loan Lender has three alternatives.
   
   • Mortgage Simplifier - This is a low variable interest rate loan with zero fees and freedom to redraw. This alternative is available from ING Direct Home Loan Lender.
   • Smart Home Loan - This type of loan by ING Direct Home Loan Lender consolidates existing loans (including credit card loans) into one credit line and reduced interest cost.
   • Action Equity Loan - This option by ING Direct Home Loan Lender offers another line of credit once some equity has been built up in the mortgaged property.
2. Fixed Rate Loans -This loan option by ING Direct Home Loan Lender offers simple manageable terms and fixed rates.
3. Lo-doc Loans - This loan by ING Direct Home Loan Lender is best for borrowers who cannot produce a number of the required documents. These come in two options: the Lo Doc Smart Home Loan and the Lo Doc Standard Variable Rate Loan. Lo Doc Smart Home loan provides a line of credit to consolidate existing loans, while the Standard Variable Rate Loan provides a straight-up variable interest rate loan. Borrowers need to be self-employed for at least two years to qualify.
4. Commercial Loans - ING Direct Home Loan Lender's Commercial loans are for those seeking to buy or refinance loans for commercial property. In order to qualify for this loan type offered by ING Direct Home Loan Lender, you first need to meet certain requirements.