ING Direct Smart Home Loan

The ING Direct Smart Home Loan is the bank’s premier option for helping borrowers to consolidate their outstanding debts whether they are from other loans or credit cards. This makes this a perfect tool for those who have various sources of debt and need a way to simplify the repayment process.

Additionally the Smart Home Loan gives you an option for reducing all of the interest fees and other banking charges associated with all of the separate accounts. Instead, you can merge them and pay a $180 annual fee.

The Smart Home Loan also allows you to link your Visa credit card to the line of credit account so it can be used for multiple purposes, including cash advances and daily spending.

KEY BENEFITS

The Smart Home Loan by ING Direct comes with a standard range of benefits that make it a more comprehensive home loan.

Interest Only Options

Loan repayments on this product are interest only payments. This means no principal has to be paid on it.

Additional Payments

You can make additional payments at any time completely free of charges.

Monthly Fee

There is no limit on the number of monthly transactions you may make and there are no ongoing monthly fees.

Redraw Facility

You have the option of redrawing funds from your home loan account and using them to pay for other expenses, plan a trip, or buy a new car among other purposes.

Line Of Credit

This feature lets you access your account funds via ATM or EFTPOS using either your Visa credit card or cheque book.