Question 1

What is the ING Straight Loan?

Accepted Answer

The ING Fixed Term Advance is a short-term advance where you determine the amount and term in advance.

Question 2

How does an ING Straight Loan work?

Accepted Answer

You decide the amount (minimum 125,000 euros) and the term (minimum 1 week and maximum 12 months) during which you can draw down the advance.

The term of the advance lasts a maximum of 12 months with the option of renewing your contract. If at the end of the term you need money again, you can draw down new advances within the assigned credit line.

You repay the advance and interest in one go on the maturity date.

Question 3

Manage your credit with Telelink Online

Accepted Answer

Do you already have a credit line for your advances? You can manage them entirely yourself wherever and whenever suits you best with Telelink Online!

How do you manage advances using Telelink? (PDF)

Go straight to Telelink Online.

Question 4

Fees

Accepted Answer

You pay administration fees which depend on the amount of the opening (or increase), quarterly dossier fees and a commission calculated on the credit granted. In addition to the interest rate, you pay charges for each drawdown depending on the amount of the advance. In the case of early repayment of an advance, a re-investment penalty is levied.

Question 5

Interested in an ING Straight Loan?

Accepted Answer

<ul><li><a href="https://assets.ing.com/m/74a25621f18ee654/ING_VVT_EN.pdf">Read the product fact sheet (PDF)</a>.</li><li><a href="https://promo.ing.be/ContactStrategyBusiness/?lang=EN">Contact us.</a></li></ul>