Eligible Orange Advantage Offset Home Loan borrowers can take advantage of a cash rebate in their mortgage repayments, as ING Direct launches a new loyalty rewards system on 1 May.
Those who have an Orange Everyday transaction account can get 1% cash back for monthly mortgages of up to $3,000. This means that for a customer with $3,000 repayments, a $30 cash back is available per month or $10,800 cash back over the life of a 30-year loan.
Executive director customer John Arnott said the loyalty rewards program was a way of saying thank you to customers.
"We want to be our customers' main bank, supporting them with all their banking needs across transaction accounts, savings, superannuation and home loans. We are always focused on value and will continue to have great rates across all our products for all our customers. This is simply a way of saying thank you and giving a little extra back to those customers who have adopted us for all their banking."