ING Direct has announced its lowest variable rate home loan ever after it cut its owner-occupier rate by 0.15%.

ING’s Orange Advantage loan has been reduced to 3.79%, effective today, across owner-occupier loans with a minimum LVR of 80%

In addition, the non-major has also introduced changes across its range of fixed rate residential owner-occupier loans.

Fixed rate changes include a rate of 3.69% available for a three-year fixed term when taken as part of a split package with an Orange Advantage loan.

Fixed rate reductions also come into effect today.