Effective 12th June, ING Direct enhanced their interest rate structure for Orange Advantage and SmartPack Mortgage Simplifier, with changes reduced to some of their variable rates.

Take advantage of the following changes:

• The merging of two loan amount tiers ($500k and $250k+) with the lower interest rate to apply for loans $250k and above.
• Introduction of a new LVR tier for applications with a capitalised LVR of above 80% and up to 90%.

Below are a few key points to note:

• LVR based interest rates are applicable to new loans with a new to ING DIRECT security property only.
• Aggregate borrowings are based on the total residential borrowings held with ING DIRECT.
• The interest rate applicable is based on the capitalised LVR including any applicable LMI or REF>

Please note, the current fee waiver promotions for Fixed Rate application, SmartPack and Orange Advantage are still available. Loan applications must be unconditionally approved by 30 June 2014 for fee waivers to apply.