ING, Gateway Bank cut investor rates

By Emma Duffy | 17 Sep 2021

ING has made a number of rate cuts to its Orange Advantage and Mortgage Simplifier products for investors. The new rates only apply to new customers. 

The changes include:

  • Inv Orange Advantage 150-499k: 15 basis point cut to 2.94% p.a. (3.28% p.a. comparison rate*)
  • Inv Mortgage Simplifier 150-499k: 15 basis point cut to 2.89% p.a. (2.91% p.a. comparison rate*)

Both loan types have an 80% loan-to-value ratio (LVR), while the Orange Advantage loan has a 100% offset account.

Gateway Bank cuts investor rates

Gateway Bank recently reduced interest rates on a number of its variable and fixed rate investor home loans.

The customer-owned bank cut rates for borrowers making interest-only (IO) repayments. These changes include:

  • Premium Inv Variable 80% 150k+: 43 basis point cut to 2.79% p.a. (3.12% p.a. comparison rate*)
  • Inv Low Rate Essentials IO: 43 basis point cut to 2.75% p.a. (2.78% p.a. comparison rate*)
  • Premium Inv Fixed 1 Year: 14 basis point cut to 2.95% p.a. (5.02% p.a. comparison rate*)
  • Premium Inv Fixed 3 Years: 14 basis point cut to 3.05% p.a. (4.67% p.a. comparison rate*)

Top Suburbs : cardiff south , coburg north , alderley , darlington , emerald

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