Do you intend to buy a house, an apartment, a plot of land or to build your own home? If so, you need a sound financial partner to finance your project. ING Luxembourg is there to help you to draw up a personal financing plan and to provide the funds you need.

Mortgage with a fixed rate

What are the advantages of the “fixed rate”?

When choosing a fixed-rate loan, you opt for certainty. The rate and therefore the amount of your monthly payments will remain unchanged during the entire term of your loan; thus you will never have any unpleasant surprises.

However, this formula does not allow you to make partial early repayments. Only repayment in full is allowed, subject to a repayment penalty.

Mortgage with a reviewable fixed rate

ING now offers you an innovative financing solution: the flexibility of variable rate financing combined with the security of fixed rate financing.

What are the advantages of the “reviewable fixed rate”?

The “reviewable fixed rate” is a fixed rate subject to periodical revision that allows you to secure your short or medium-term repayment capacity, whilst still maintaining the flexibility to go back to a variable rate for pre-defined periods in order to benefit from potential market opportunities.

  • You are protected in the event of rate increases during your chosen fixed rate period (3, 5 or 10 years).
  • You have the flexibility to choose the rate you want: upon expiry of each renewal period, you can either opt for a new fixed rate or change to a variable rate for the next period. This allows you to take maximum advantage of market opportunities.
  • You have the freedom to choose without paying additional charges.
  • You can change the type of rate for each renewal period.
  • You can repay your loan early (fully or in part) without early repayment charges upon expiry of each renewal period.
  • You benefit from transparency as regards the rate conditions applied throughout the duration of your contract.

We offer you guidance at pre-defined intervals, and offer you the chance to adapt your rate, taking account of your personal situation and potential market opportunities which may arise during the life cycle of your contract.

For additional information, do not hesitate to get in touch with one of our relationship managers.

How does this work?

This is a tailored package which allows you to keep a fixed rate for 3, 5 or 10 years. At the end of each period, it is you who decides whether to continue with a fixed or variable rate until the end of the next period, and so on. Let’s take the example of a 20-year contract with a review period of five years. At the end of the first five-year period, you kept a fixed rate for the second period. For the third period, you chose to change to a variable rate. For the fourth period, you go back to a fixed rate.

The protection offered to you by a fixed rate during the first period(s) of your contract is substantial. The interest due is actually higher at the start of the contract than at the end. This example is only a hypothetical situation, aimed at demonstrating the potential impact of a rate increase on a housing loan, and in no way binds ING as regards the rate to be applied by ING in the case of an effective increase in rates.

Mortgage with a variable rate

Do you intend to buy a house, an apartment, a plot of land or to build your own home? If so, you need a sound financial partner to finance your project. ING Luxembourg is there to help you to draw up a personal financing plan and to provide the funds you need with the flexibility of a variable rate.

What are the advantages of the variable rate?

  • The interest rate on a variable-rate mortgage is based on changes in the applicable long-term interest rate on the financial markets. Your monthly payments therefore increase or decrease depending on changes in these rates.
  • The variable-rate mortgage has the great advantage of always allowing you to make additional repayments or even repay it in full without incurring any penalty payment at all. You can therefore shorten the term or decrease the monthly payment of your credit depending on your financial means.
  • Another advantage is that if you build or convert a building with a variable-rate mortgage: ING makes the amount of credit available to you as the works progress. This saves you from paying interest unnecessarily on funds not actually used.

When making your application, we will clearly explain to you the effect of a change in rates on the monthly payments to be made. This will allow you to plan for the level of monthly repayment should the rates increase.


For additional information or in order to obtain a simulation, do not hesitate to use our online simulator or to get in touch with one of our advisers. 

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