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Car Loans

Flexible car loans to cruise with ease.

Enjoy low rates from.

8.00% p.a.,1

Comparison rates from.

9.46% p.a.,2


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

Loan typePrincipal & InterestComparison Rate
New and used vehicles
$3,000 to $25,000
8.00% p.a.,19.46% p.a.,2

Unsecured Car Loans

Loan typePrincipal & InterestComparison Rate
Vehicles up to 5 years old
$3,000 to $15,000
11.75% p.a.,312.84% p.a.,4

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.

A car loan is where you borrow an amount of money and pay it back in instalments over an agreed term.

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.

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.