Buying or refinancing
Looking to buy a home or refinance your loan?
First home buyer
Deposit at the ready? We can help with a loan for your first home
Investment property
Need finance for your investment property portfolio?
Why switch to Cairns Bank?
We speak your language with simple and straightforward home loans.
Competitive fixed or variable rates
Fast approvals with 48-hour turnaround
Offset account available for both fixed and variable rate loans
Redraw facility on all loan types available
Friendly and helpful team in branch or over the phone
We’d love to meet you
As a community bank we love catching up with locals and getting to know you.
Great rates for everyone
We believe in fairness and simplicity and offer great rates to our customers, and loyalty discounts too.
Lock in your rate today
Lock in today’s interest rate for the next 90 days with our rate lock feature.
Apply for a home loan today
To find out more or to apply for a home loan, book an appointment with our friendly team or visit us in branch.
General FAQs
What is Loan to Valuation Ratio (LVR)?
The Loan to Valuation Raio (LVR) is the amount you borrow against a property calculated as a percentage of the value of your property itself. For example, if your loan amount is $400K and Cairns Bank’s security value of your property is $500K, then your LVR is 80%.
What is the difference between a fixed rate home loan and a variable rate home loan?
With a Cairns Bank fixed-rate home loan, the interest rate remains constant for a set period of between 1 and 3 years, and your repayments remain the same too. At the end of the fixed rate period, the loan will switch to a variable rate, unless you apply for another fixed period. However, it’s important to keep in mind break cost fees may apply if you payout the loan before the end of the fixed term.
In contrast, a variable rate has an interest rate that can change, usually in response to market conditions. This means that your repayments can fluctuate over time, potentially increasing or decreasing based on changes in interest rates.
What is lenders mortgage insurance?
If your deposit turns out to be less than 20% of the property’s value, then Lenders Mortgage Insurance (LMI), is likely to apply. To put it simply, LMI is a one-off payment, which is typically added to the loan amount. It protects the lender if you were to default on the loan.
However, there are other options available to avoid paying LMI such as a Security Guarantee from an eligible family member, which utilises equity in their property so that mortgage insurance is not required.
Contact our lending specialists today to discuss your options and see how we may be able to assist you.
What will I need to apply for a home loan?
When you visit us in branch, there are several documents that you will need to bring with you. Visit our How to apply for a home loan page for a full rundown.
What is an offset and do I need it?
An offset account is a great way to save on the interest that you will have to pay on your home loan, whilst having access to a fully featured transaction account that is 100% offset against your home loan.
How an offset account can help you get ahead
Heard of an offset account but not sure what it can actually do? You’re not alone – offsets can be confusing, but they’re an excellent way to save your hard-earned money. Let’s cut through the jargon and get some clarity.
Understanding your credit score
Learn why credit scores matter, how they work, and the pitfalls to avoid. Discover how to check your credit score and what to do if something seems off.
Home loan refinancing: The key steps, costs and documents
Refinancing your home loan can be daunting, but we’re here to simplify it for you. Let’s break down the details, costs and sort out the documents you’ll need.
