Non-major increases IO rates

ING has announced it will be increasing rates for new and existing Interest Only owner-occupier borrowers by 0.15% effective 23 June 2017.

Once these changes come into effect, rates for ING's variable interest products will be as follows:
 

Owner occupier loans	Old rates	New rates
Mortgage Simplifier (P&I)	3.94% p.a.	3.94% p.a.
Mortgage Simplifier (IO)	3.94% p.a.	4.09% p.a.
Orange Advantage (P&I)	3.79% p.a.	3.79% p.a.
Orange Advantage (IO)	3.79% p.a.	3.94% p.a.
Investor loans
Mortgage Simplifier (P&I)	4.69% p.a.	4.69% p.a.
Mortgage Simplifier (IO)	4.69% p.a.	4.69% p.a.
Orange Advantage (P&I)	4.54% p.a.	4.54% p.a.
Orange Advantage (IO)	4.54% p.a.	4.54% p.a.