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A non-major lender has cut one of its home loan rates for owner-occupiers.
ING Direct announced today that its three-year fixed interest rate (including a 0.10 per cent per annum discount) for owner-occupiers with an Orange Advantage home loan has been reduced to 3.98 per cent per annum (comparison rate 4.66 per cent per annum).
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The fixed interest rate discount of 10 basis points applies to both new ING Direct customers and existing owner-occupier Orange Advantage customers who apply to switch, split or increase a portion of their existing Orange Advantage home loan to a fixed rate loan.
The new three-year fixed rate for non-Orange Advantage owner-occupier customers is 4.08 per cent per annum (comparison rate 4.69 per cent per annum).
