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ING Direct announced it will increase interest rates by 0.18 per cent across its variable owner-occupier and investor residential loan portfolio, effective 15 January 2016.
At that date, the variable interest rate on the Orange Advantage offset home loan for residential owner-occupier borrowers will be 5.02 per cent (5.21 per cent comparison rate).
On 25 September the bank increased its variable rates for property investors by 37 basis points.