Key Features
Get into your dream car quicker with a car loan from Cairns Bank.
Competitive interest rates
Enjoy competitive variable rates on your car loan and borrow between $3k to $25k.
Save if you're a customer
Discount available if you have a Cairns Bank home loan.
Flexible loan features
Loans available for both new and used cars. Choose between a term of 1 to 7 years. Redraw facility available if you need access to your money.
Old-school service
Pop into the branch or give us a call. We're here to help you through the process and get you into your new car sooner.
Rates & Fees
Enjoy competitive variable rates on your car loan.
Secured Car Loans
Unsecured Car Loans
Most of our banking is free. Where we need to make a charge, we keep these to an absolute minimum.
For more information about our fees and charges click here.
How to apply
Ready to shift gears?
When you visit us in branch, we will take you through the loan process from start to finish.
You will need to:
1. Contact our Home Loan Specialist.
2. Provide us with supporting documentation.
Car insurance
When you take out a car loan with Cairns Bank, you’ll need the cost of the car to be covered by insurance. If you need a hand making sure you’re properly covered get in touch with our insurance partners today.
Car loan FAQs
Who is Cairns Bank?
Cairns Bank is the trading name of Cairns Penny Savings & Loans Ltd. We’ve been supporting the Cairns community with their banking needs for over 125 years.
We take pride in our personal approach to banking. Getting to know our customers and delivering simple products and services is what we’re all about.
And as a customer owned bank we make decisions based on our customers’ needs, rather than the needs of shareholders.
How does a car loan work?
A car loan is where you borrow an amount of money and pay it back in instalments over an agreed term.
What is a secured car loan?
A secured car loan is where the loan is secured by some form of collateral – in this case it will be the car you are buying. The advantage of a secured loan is that we can offer you a better interest rate. If you don’t have any security available, the good news is we also offer unsecured loans.
What is the difference between the interest rate and comparison rate?
During your car loan search, you may notice two interest rates are listed – the interest rate and comparison rate.
The comparison rate, includes other fees associated with the car loan, allowing you to see the true cost of the loan. Comparison rates will use a sample loan amount and term, so it is wise to take the time to run the numbers for your specific circumstances.
Here at Cairns Bank, our comparison rates for car loans are calculated on a loan amount of $30,000 over a term of 5 years with monthly repayments.
Apply for a car loan today
To find out more or to apply for a car loan, book an appointment with our friendly team or visit us in branch.
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