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Interest Rates

After a low-rate loan with plenty to offer?

Enjoy low rates from.

6.39% p.a.,1

Comparison rates from.

7.34% p.a.,2

2 year fixed rate on owner occupied or investment home loans with principal and interest repayments.


Enjoy competitive fixed and variable rates.

Owner occupied rates

Loan typePrincipal & InterestComparison Rate
Fixed 1 Year 6.54% p.a.
7.65% p.a.
Fixed 2 Years6.39% p.a.,1
7.34% p.a.,2
Fixed 3 Years6.44% p.a.
7.27% p.a.
Standard Variable Rate7.34% p.a.
7.54% p.a.
Loan typeInterest OnlyComparison Rate
Fixed 1 Year 6.74% p.a.7.65% p.a.
Fixed 2 Years6.59% p.a.7.54% p.a.
Fixed 3 Years6.64% p.a.7.47% p.a.
Standard Variable Rate7.54% p.a.,17.74% p.a.,2

Investment rates

Loan typePrincipal & InterestComparison
Investment Fixed 1 Year 6.54% p.a.7.63% p.a.
Investment Fixed 2 Years6.39% p.a.,17.50% p.a.,2
Investment Fixed 3 Years 6.44% p.a.7.41% p.a.
Investment Standard Variable Rate7.54% p.a.7.74% p.a.
Loan typeInterest OnlyComparison Rate
Fixed 1 Year 6.74% p.a.
7.83% p.a.
Fixed 2 Years6.59% p.a.,17.70% p.a.
Fixed 3 Years6.64% p.a.
7.60% p.a.
Standard Variable Rate7.74% p.a.7.94% p.a.,2

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.

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.

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.

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.