Interest Rates

After a low-rate loan with plenty to offer?

Enjoy low rates from.

6.24% p.a.^,1

p.a.

Comparison rates from.

6.45% p.a.^,2

p.a.

Classic Owner Occupied Variable Interest Rate LVR ≤60%

Classic Home Loan Rates

All the classic features you need – enjoy a competitive variable rate with low fees, making it perfect for home hunters looking for simplicity and savings.

Principle & Interest Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.24% p.a.^,1	6.45% p.a.^,2
60% to 80%	6.29% p.a.^,3	6.50% p.a.^,2
80% to 90%	6.49% p.a.	6.69% p.a.
over 90%	6.69% p.a.	6.89% p.a.

Interest Only Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.44% p.a.	6.64% p.a.
60% to 80%	6.49% p.a.^,3	6.69% p.a.^,2
80% to 90%	6.69% p.a.	6.89% p.a.
over 90%	6.89% p.a.	7.09% p.a.

Principle & Interest Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.24% p.a.^,1	6.45% p.a.^,2
60% to 80%	6.29% p.a.^,3	6.50% p.a.^,2
80% to 90%	6.49% p.a.	6.69% p.a.
over 90%	6.69% p.a.	6.89% p.a.

Interest Only Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.44% p.a.	6.64% p.a.
60% to 80%	6.49% p.a.^,3	6.69% p.a.^,2
80% to 90%	6.69% p.a.	6.89% p.a.
over 90%	6.89% p.a.	7.09% p.a.

Principle & Interest Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.34% p.a.	6.55% p.a.
60% to 80%	6.39% p.a.^,3	6.60% p.a.^,2
80% to 90%	6.59% p.a.	6.79% p.a.
over 90%	6.79% p.a.	6.99% p.a.

Interest Only Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.54% p.a.	6.74% p.a.
60% to 80%	6.59% p.a.	6.79% p.a.^,2
80% to 90%	6.79% p.a.	6.99% p.a.
over 90%	6.99% p.a.	7.19% p.a.

Principle & Interest Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.34% p.a.	6.55% p.a.
60% to 80%	6.39% p.a.^,3	6.60% p.a.^,2
80% to 90%	6.59% p.a.	6.79% p.a.
over 90%	6.79% p.a.	6.99% p.a.

Interest Only Variable

LVR	Classic Interest Rate	Classic Comparison Rate
under 60%	6.54% p.a.	6.74% p.a.
60% to 80%	6.59% p.a.	6.79% p.a.^,2
80% to 90%	6.79% p.a.	6.99% p.a.
over 90%	6.99% p.a.	7.19% p.a.

Rates are for new loans and are subject to change.

Plus Home
Loans Rates

Everything you need plus a little extra flexibility. Choose from variable or fixed rates and enjoy the added perk of an offset account for even greater financial control.

Principle & Interest Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.34% p.a.	6.76% p.a.
60% to 80%	6.39% p.a.^,3	6.81% p.a.^,2
80% to 90%	6.59% p.a.	7.00% p.a.
over 90%	6.79% p.a.	7.20% p.a.

Interest Only Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.34% p.a.	6.76% p.a.
60% to 80%	6.39% p.a.^,3	6.81% p.a.^,2
80% to 90%	6.59% p.a.	7.00% p.a.
over 90%	6.79% p.a.	7.20% p.a.

Principle & Interest Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.54% p.a.	6.95% p.a.
60% to 80%	6.59% p.a.^,3	7.00% p.a.^,2
80% to 90%	6.79% p.a.	7.20% p.a.
over 90%	6.99% p.a.	7.39% p.a.

Interest Only Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.54% p.a.	6.95% p.a.
60% to 80%	6.59% p.a.^,3	7.00% p.a.^,2
80% to 90%	6.79% p.a.	7.20% p.a.
over 90%	6.99% p.a.	7.39% p.a.

Principle & Interest Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.39% p.a.	6.77% p.a.
60% to 80%	6.44% p.a.^,3	6.82% p.a.^,2
80% to 90%	6.64% p.a.	7.01% p.a.
over 90%	6.84% p.a.	7.21% p.a.

Interest Only Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.59% p.a.	6.96% p.a.
60% to 80%	6.64% p.a.^,3	7.01% p.a.^,2
80% to 90%	6.84% p.a.	7.21% p.a.
over 90%	7.04% p.a.	7.40% p.a.

Principle & Interest Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.79% p.a.
60% to 80%	6.49% p.a.^,3	6.84% p.a.^,2
80% to 90%	6.69% p.a.	7.03% p.a.
over 90%	6.89% p.a.	7.23% p.a.

Interest Only Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.64% p.a.	6.98% p.a.
60% to 80%	6.69% p.a.^,3	7.03% p.a.^,2
80% to 90%	6.89% p.a.	7.23% p.a.
over 90%	7.09% p.a.	7.42% p.a.

Principle & Interest Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.34% p.a.	6.76% p.a.
60% to 80%	6.39% p.a.^,3	6.81% p.a.^,2
80% to 90%	6.59% p.a.	7.00% p.a.
over 90%	6.79% p.a.	7.20% p.a.

Interest Only Variable

Principle & Interest Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.34% p.a.	6.76% p.a.
60% to 80%	6.39% p.a.^,3	6.81% p.a.^,2
80% to 90%	6.59% p.a.	7.00% p.a.
over 90%	6.79% p.a.	7.20% p.a.

Interest Only Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.54% p.a.	6.95% p.a.
60% to 80%	6.59% p.a.^,3	7.00% p.a.^,2
80% to 90%	6.79% p.a.	7.20% p.a.
over 90%	6.99% p.a.	7.39% p.a.

Principle & Interest Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.39% p.a.	6.77% p.a.
60% to 80%	6.44% p.a.^,3	6.82% p.a.^,2
80% to 90%	6.64% p.a.	7.01% p.a.
over 90%	6.84% p.a.	7.21% p.a.

Interest Only Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.59% p.a.	6.96% p.a.
60% to 80%	6.64% p.a.^,3	7.01% p.a.^,2
80% to 90%	6.84% p.a.	7.21% p.a.
over 90%	7.04% p.a.	7.40% p.a.

Principle & Interest Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.79% p.a.
60% to 80%	6.49% p.a.^,3	6.84% p.a.^,2
80% to 90%	6.69% p.a.	7.03% p.a.
over 90%	6.89% p.a.	7.23% p.a.

Interest Only Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.64% p.a.	6.98% p.a.
60% to 80%	6.69% p.a.^,3	7.03% p.a.^,2
80% to 90%	6.89% p.a.	7.23% p.a.
over 90%	7.09% p.a.	7.42% p.a.

Principle & Interest Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.86% p.a.
60% to 80%	6.49% p.a.^,3	6.91% p.a.^,2
80% to 90%	6.69% p.a.	7.10% p.a.
over 90%	6.89% p.a.	7.30% p.a.

Interest Only Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.86% p.a.
60% to 80%	6.49% p.a.^,3	6.91% p.a.^,2
80% to 90%	6.69% p.a.	7.10% p.a.
over 90%	6.89% p.a.	7.30% p.a.

Principle & Interest Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.86% p.a.
60% to 80%	6.49% p.a.^,3	6.91% p.a.^,2
80% to 90%	6.69% p.a.	7.10% p.a.
over 90%	6.89% p.a.	7.30% p.a.

Interest Only Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.64% p.a.	7.05% p.a.
60% to 80%	6.69% p.a.^,3	7.10% p.a.^,2
80% to 90%	6.89% p.a.	7.30% p.a.
over 90%	7.09% p.a.	7.49% p.a.

Principle & Interest Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.49% p.a.	6.87% p.a.
60% to 80%	6.54% p.a.^,3	6.92% p.a.^,2
80% to 90%	6.74% p.a.	7.11% p.a.
over 90%	6.94% p.a.	7.31% p.a.

Interest Only Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.69% p.a.	7.06% p.a.
60% to 80%	6.74% p.a.^,3	7.11% p.a.^,2
80% to 90%	6.94% p.a.	7.31% p.a.
over 90%	7.14% p.a.	7.50% p.a.

Principle & Interest Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.79% p.a.
60% to 80%	6.49% p.a.^,3	6.84% p.a.^,2
80% to 90%	6.69% p.a.	7.03% p.a.
over 90%	6.89% p.a.	7.23% p.a.

Interest Only Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.74% p.a.	7.08% p.a.
60% to 80%	6.79% p.a.^,3	7.13% p.a.^,2
80% to 90%	6.99% p.a.	7.33% p.a.
over 90%	7.19% p.a.	7.52% p.a.

Principle & Interest Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.86% p.a.
60% to 80%	6.49% p.a.^,3	6.91% p.a.^,2
80% to 90%	6.69% p.a.	7.10% p.a.
over 90%	6.89% p.a.	7.30% p.a.

Interest Only Variable

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.64% p.a.	7.05% p.a.
60% to 80%	6.69% p.a.^,3	7.10% p.a.^,2
80% to 90%	6.89% p.a.	7.30% p.a.
over 90%	7.09% p.a.	7.49% p.a.

Principle & Interest Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.44% p.a.	6.86% p.a.
60% to 80%	6.49% p.a.^,3	6.91% p.a.^,2
80% to 90%	6.69% p.a.	7.10% p.a.
over 90%	6.89% p.a.	7.30% p.a.

Interest Only Fixed 1 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.64% p.a.	7.05% p.a.
60% to 80%	6.69% p.a.^,3	7.10% p.a.^,2
80% to 90%	6.89% p.a.	7.30% p.a.
over 90%	7.09% p.a.	7.49% p.a.

Principle & Interest Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.49% p.a.	6.87% p.a.
60% to 80%	6.54% p.a.^,3	6.92% p.a.^,2
80% to 90%	6.74% p.a.	7.11% p.a.
over 90%	6.94% p.a.	7.31% p.a.

Interest Only Fixed 2 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.69% p.a.	7.06% p.a.
60% to 80%	6.74% p.a.^,3	7.11% p.a.^,2
80% to 90%	6.94% p.a.	7.31% p.a.
over 90%	7.14% p.a.	7.50% p.a.

Principle & Interest Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.54% p.a.	6.89% p.a.
60% to 80%	6.59% p.a.^,3	6.93% p.a.^,2
80% to 90%	6.79% p.a.	7.13% p.a.
over 90%	6.99% p.a.	7.33% p.a.

Interest Only Fixed 3 Year

LVR	Plus Interest Rate	Plus Comparison Rate
under 60%	6.74% p.a.	7.08% p.a.
60% to 80%	6.79% p.a.^,3	7.13% p.a.^,2
80% to 90%	6.99% p.a.	7.33% p.a.
over 90%	7.19% p.a.	7.52% p.a.

Rates are for new loans and are subject to change.

Rates

Enjoy competitive fixed and variable rates.

Owner occupied rates

Rate Type	Classic Interest Rate	Classic Comparison Rate	Plus Interest Rate	Plus Comparison Rate
Standard Variable Rate	6.24% p.a.	6.45% p.a.	6.34% p.a.	6.76% p.a.
Fixed 1 Years	-	-	6.34% p.a.	6.76% p.a.
Fixed 2 Years	-	-	6.39% p.a.	6.77% p.a.
Fixed 3 Years	-	-	6.44% p.a.	6.79% p.a.

Rate Type	Classic Interest Rate	Classic Comparison Rate
Standard Variable Rate	6.44% p.a.	6.64% p.a.
Fixed 1 Years	-	-
Fixed 2 Years	-	-
Fixed 3 Years	-	-

Investment rates

Rate Type	Classic Interest Rate	Classic Comparison Rate	Plus Interest Rate	Plus Comparison Rate
Standard Variable Rate	6.34% p.a.	6.55% p.a.	6.44% p.a.	6.86% p.a.
Fixed 1 Years	-	-	6.44% p.a.	6.86% p.a.
Fixed 2 Years	-	-	6.49% p.a.	6.87% p.a.
Fixed 3 Years	-	-	6.54% p.a.	6.89% p.a.

Rate Type	Classic Interest Rate	Classic Comparison Rate	Plus Interest Rate	Plus Comparison Rate
Standard Variable Rate	6.54% p.a.	6.74% p.a.	6.64% p.a.	7.05% p.a.
Fixed 1 Years	-	-	6.64% p.a.	7.05% p.a.
Fixed 2 Years	-	-	6.69% p.a.	7.06% p.a.
Fixed 3 Years	-	-	6.74% p.a.	7.08% p.a.

How to apply

When you visit us in branch, we will take you through the refinancing process from start to finish. Just like with any other home loan application, when you refinance you to:

1. Contact our Home Loan Specialist.

2. Provide us with supporting documentation.

Home loan interest rate FAQs

What is the difference between a fixed and variable interest rate?

A fixed rate loan allows you to lock in your interest rate for a fixed period of time, protecting you from rate rises. However, it’s important to keep in mind break cost fees may apply.

A variable rate loan on the other hand, has an interest rate that can change over time, depending on what is happening in the market. While this could see your repayments go up or down, often a variable rate home loan can come with greater flexibility.

What is the difference between the interest rate and comparison rate?

During your home loan search, you may have noticed that two interest rates are listed – the interest rate and comparison rate.

The comparison rate, includes other fees associated with the 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 are calculated on a loan amount of $150,000 over 25 years with monthly repayments.

How can an offset account help me pay down my loan faster?

An offset account is a feature designed to help you pay down your loan faster. It is just like a regular bank account, where you can make deposits into and often comes with a debit card for everyday purchases.

How it works is the balance in the offset account is offset daily against the home loan principal. For instance, if you have a loan of $300,000 and have $20,000 in offset account attached to the loan, you will only pay interest on $280,000.

What will I need to apply for a home loan with Cairns Bank?

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.

Tools and Calculators

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.

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.

Important Information

Interest rate shown is current as at 1st July 2024. It applies to Owner Occupied loans on the Classic Home Loan product, principal and interest repayment type, and variable rate options, with a loan to valuation ratio (LVR) of up to 60%. . Terms and conditions, and fees and charges, apply. Loan applications are subject to Cairns Bank’s credit assessment criteria. All information including interest rates is subject to change without notice. Full details are available on application.

The comparison rate is calculated on the basis of a secured loan of $150,000 over a term of 25 years.

WARNING: The Comparison Rates are true only for the examples give and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

Interest rates shown are current as at 1st July 2024. They apply for the relevant Classic Home Loan or Plus Home Loan product, owner occupied or investment purpose, principal and interest or interest only repayment type, variable or fixed interest rate, and loan to valuation ratio (LVR) options selected as tabulated. Maximum loan to valuation ratio (LVR) is 95% with Lender's Mortgage Insurance (LMI) required above 80%. Interest only is available for bridging loans only on a variable rate for the Classic product. Terms and conditions, and fees and charges, apply. Loan applications are subject to Cairns Bank’s credit assessment criteria. All information including interest rates is subject to change without notice. Full details are available on application.

General Advice Warning:
The information provided is general advice only and does not take into account your individual objectives, financial circumstances, and personal needs. You should consider the appropriateness of this advice with regard to your particular financial situation and needs. We advise that you should carefully read our Terms and Conditions, Financial Services Guide, Fees and Charges, and Credit Guide, before acquiring a product. For full details on our products and services and an analysis of your personal requirements, please arrange for an appointment with one of our friendly lending staff by contacting Cairns Bank.

Interest Rates

After a low-rate loan with plenty to offer?

6.24% p.a.,1

6.45% p.a.,2

Classic Home Loan Rates

Principle & Interest Variable​

Interest Only Variable

Principle & Interest Variable​

Interest Only Variable

Plus Home Loans Rates

Principle & Interest Variable

Interest Only Variable

Principle & Interest Fixed 1 Year​

Interest Only Fixed 1 Year​

Principle & Interest Fixed 2 Year​

Interest Only Fixed 2 Year​

Principle & Interest Fixed 3 Year​

Interest Only Fixed 3 Year​

Principle & Interest Variable

Interest Only Variable

Principle & Interest Fixed 1 Year​

Interest Only Fixed 1 Year​

Principle & Interest Fixed 2 Year​

Interest Only Fixed 2 Year​

Principle & Interest Fixed 3 Year​

Interest Only Fixed 3 Year​

Rates

Owner occupied rates

Investment rates

How to apply

1. Contact our Home Loan Specialist.

2. Provide us with supporting documentation.

Home loan interest rate FAQs

Tools and Calculators

Borrowing power

Repayment calculator

Stamp duty calculator

Deposit planner

Apply for a home loan today

How an offset account can help you get ahead

Understanding your credit score

Home loan refinancing: The key steps, costs and documents

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6.24% p.a.^,1

6.45% p.a.^,2

Principle & Interest Variable

Principle & Interest Variable

Plus Home
Loans Rates

Principle & Interest Fixed 1 Year

Interest Only Fixed 1 Year

Principle & Interest Fixed 2 Year

Interest Only Fixed 2 Year

Principle & Interest Fixed 3 Year

Interest Only Fixed 3 Year

Principle & Interest Fixed 1 Year

Interest Only Fixed 1 Year

Principle & Interest Fixed 2 Year

Interest Only Fixed 2 Year

Principle & Interest Fixed 3 Year

Interest Only Fixed 3 Year