An interest-only mortgage is a mortgage where you pay off your mortgage in one single payment at the end of the term. You can choose a term of up to 30 years and a fixed-rate period of up to 20 years. During the term, you will pay only interest and make no capital repayments.
"}},{"componentType":"sectionTitle","title":"Lump-sum repayment at the end of the term"},{"componentType":"paragraph","richBody":{"value":"With an interest-only mortgage, it will be up to you to make sure you have funds available at the end of the term to pay off your mortgage. If you haven’t saved up enough or are unable to refinance at the end of the term because your income is too low, you may have to sell your home to be able to pay off your mortgage at the end of the term. There's also a chance that the proceeds from the sale may not be enough to fully repay your mortgage.
"}},{"componentType":"sectionTitle","title":"Ways you could pay off your mortgage"},{"componentType":"paragraph","richBody":{"value":"If you’ve come into some extra money and you want to repay (part of) your mortgage early, you can repay up to 10% of your mortgage every year without having to pay an early repayment charge. We will then recalculate your monthly payments.
"},"textLinks":[{"text":"Check out the pros and cons of early repayment","url":"/en/personal/mortgage/your-mortgage/pros-and-cons-additional-repayments"},{"text":"Check out your repayment options"}]},{"componentType":"sectionTitle","title":"When selling your home"},{"componentType":"paragraph","richBody":{"value":"Since the housing market is in a constant state of flux, the proceeds from the sale of your home may not be enough to pay off your mortgage debt. If that happens, you’ll be left with debt that you’ll have to repay in some other way. This is a risk you accept when taking out an interest-only mortgage.
"}},{"componentType":"sectionTitle","title":"Good to know"},{"componentType":"paragraph","richBody":{"value":"You can take out an interest-only mortgage for up to 50% of your home’s market value. To cover the rest of the market value, you would have to take out another type of mortgage or tap into your own money to pay all or part of the remaining amount. Additionally, the conditions for tax relief on mortgage interest have been tightened for holders of an interest-only mortgage.
Independent research firm MoneyView has given the terms and conditions of our ING mortgages its maximum five-star rating! This puts ING’s annuity, linear and interest-only mortgages in the top 3 of over 50 mortgages. At ING, you get excellent terms and conditions, both when taking out a mortgage and also throughout the term of your mortgage.
"},"textLinks":[{"text":"More about a mortgage with ING (Dutch)","url":"/particulier/hypotheek/huis-kopen/waarom-een-hypotheek-bij-ing"}]},{"componentType":"sectionTitle","title":"ING reaches out to customers with an interest-only mortgage"},{"componentType":"paragraph","richBody":{"value":"Together we will go over your housing preferences and future financial situation.
Not been contacted by ING yet and want more information?
We’re here for you. Contact us today to schedule an appointment for an information call. The number to call is +31 (0)20 2622349.
"}},{"componentType":"sectionTitle","title":"Advice for your personal situation"},{"componentType":"paragraph","richBody":{"value":"Our mortgage advisers can answer all your questions and give you advice about which mortgage would be right for you.
The major benefit of this kind of mortgage is that the monthly payments are lower than with other types of mortgages. However, this type of mortgage also involves risk:
You get to choose a fixed-rate period yourself. So, if you want more peace of mind on your monthly payments, simply choose a long fixed-rate period. If you go for the maximum fixed-rate period of 20 years, for example, your monthly payments will not change for 20 years.
Your personal situation and preferences may change. If you decide you want to repay on your mortgage during the term after all, you could consider switching to another type of mortgage.
| Mortgage type | Differences compared to the interest-only mortgage |
|---|---|
| Annuity mortgage | You pay off the mortgage in full during the term. Not only do you pay interest every month, you also make capital repayments. If you decide to convert your interest-only mortgage, your monthly payments to ING will be higher. Your payments will remain unchanged from that point onwards until the end of your fixed-rate period. Read more. |
If you’d like personal advice, an ING mortgage adviser will be happy to answer all your questions and give you advice about which mortgage would be right for you. Just call +31 (0)20 22 888 88. We are happy to help you on weekdays from 8am to 9pm and on Saturdays from 9am to 5pm.
"},"textLinks":[{"text":"Make an appointment with an ING mortgage adviser","url":"https://www.ing.nl/en/personal/mortgage/contact/cmnl-english?subscrid=cmnl-mort-engelstalig"}]},{"componentType":"sectionTitle","title":"Fees and charges"},{"componentType":"paragraph","richBody":{"value":"With an interest-only mortgage, you will pay:
Mortgage advice is subject to advisory fees, which are charged at a fixed rate. You can always choose to have a no-obligation exploratory consultation with an ING mortgage adviser. Additionally, make sure you bear in mind the notary fees, valuation costs and possible other charges.
"},"textLinks":[{"text":"More about advisory fees","url":"/en/personal/mortgage/advisory-fees"},{"text":"More about one-off fees and monthly charges (Dutch)","url":"/particulier/hypotheek/kosten-koper"},{"text":"Check the current interest rates","url":"/en/personal/mortgage/current-mortgage-rates"}]},{"componentType":"sectionTitle","title":"Monthly payments: calculation example"},{"componentType":"paragraph","richBody":{"value":"This example will give you an idea of how the interest-only mortgage works. The interest rate used in the calculation is not a rate that ING offers and is intended only as an example. As a result, no rights can be derived from the outcome of these calculations.
"}},{"accordionList":[{"richBody":{"value":"Let’s assume the following:
What you will pay
*The calculation is based on the following details:
When you decide to take out an interest-only mortgage, it’s important to know exactly what to expect. This is where the terms and conditions below come in, as they explain things such as when exactly your mortgage payments will be debited. If you have any questions about our interest-only mortgage, please feel free to contact us. We’ll be happy to help.
"},"textLinks":[{"text":"Read the mortgage terms and conditions (Dutch)","url":"/particulier/hypotheek/contact/basisinformatie-en-algemene-voorwaarden"}]},{"componentType":"sectionTitle","title":"Frequently asked questions"},{"accordionList":[{"richBody":{"value":"Given the fact that you will not be making any capital repayments during the term of your mortgage, your debt will remain the same. With a housing market that’s always changing, there is a chance of your home’s value falling over time. This is a potential risk when you want to move house, but also when you reach the end of the mortgage term. The price your home sells for may then not be enough to pay off your mortgage debt. If that happens, you’ll be left with debt that you’ll have to repay in some other way. If you have not built up sufficient capital yourself, you may have to sell your home to be able to pay off your mortgage at the end of the term.
"},"title":"What’s the risk of an interest-only mortgage?"},{"richBody":{"value":"Yes, you can. Every year during the term of your mortgage, you can repay up to 10% of your mortgage without having to pay an early repayment charge.
"},"title":"Can I make interim repayments on an interest-only mortgage?"},{"richBody":{"value":"Tax relief on mortgage interest is, in principle, not available with an interest-only mortgage. That being said, if you meet certain conditions, your mortgage interest may still be tax deductible.
"},"title":"Can I deduct the mortgage interest from my income on my tax return?"}],"componentType":"accordion"}]},"hasMacro":false,"id":"8a8a5e9c-864f-4f4a-89f9-3385b9b0dbfb","legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
"},"title":"Good to know"}]},"localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Mortgage types","url":"/en/personal/mortgage/mortgage-types"}},"componentType":"productHeader","coreHeader":{"headerImage":{"altTextDE":"\"\"","altTextEN":"\"\"","altTextFR":"\"\"","altTextNL":"\"\"","extension":"jpg","original":"https://assets.ing.com/m/2984fcac1bbc0fc2/original/Two-people-on-laptops.jpg","transformBaseUrl":"https://assets.ing.com/transform/dc155a39-d810-4785-b744-d3b07c1a2914/Two-people-on-laptops","type":"image","width":4896},"title":"Interest-only mortgage"},"cta":{"componentType":"cta","textLink":{"text":"Make an appointment","url":"/en/personal/mortgage/contact"}},"secondaryCta":{"textLink":{"text":"Calculate your maximum mortgage","url":"/en/personal/mortgage/mortgage-calculator"}},"usps":[{"body":"You only pay interest during the term","icon":{"extension":"png","original":"https://assets.ing.com/m/67bec23b9f25828f/original/Check_mark_outline_orange_RGB.png","transformBaseUrl":"https://assets.ing.com/transform/fd8aae40-b81e-406e-bf85-a0761dfb0f93/Check_mark_outline_orange_RGB","type":"image","width":267}},{"body":"Mortgage debt remains the same, as you are not repaying","icon":{"extension":"png","original":"https://assets.ing.com/m/67bec23b9f25828f/original/Check_mark_outline_orange_RGB.png","transformBaseUrl":"https://assets.ing.com/transform/fd8aae40-b81e-406e-bf85-a0761dfb0f93/Check_mark_outline_orange_RGB","type":"image","width":267}},{"body":"Repayment at the end of the term","icon":{"extension":"png","original":"https://assets.ing.com/m/67bec23b9f25828f/original/Check_mark_outline_orange_RGB.png","transformBaseUrl":"https://assets.ing.com/transform/fd8aae40-b81e-406e-bf85-a0761dfb0f93/Check_mark_outline_orange_RGB","type":"image","width":267}},{"body":"Terms and conditions with a five-star MoneyView rating","icon":{"extension":"png","original":"https://assets.ing.com/m/67bec23b9f25828f/original/Check_mark_outline_orange_RGB.png","transformBaseUrl":"https://assets.ing.com/transform/fd8aae40-b81e-406e-bf85-a0761dfb0f93/Check_mark_outline_orange_RGB","type":"image","width":267}}]},"publishDate":"2026-05-11T16:00:45.270+02:00"}}