A personal loan is where you borrow an amount of money and pay it back in installments over an agreed term. They are often used for larger purchases such as a car, boat or any worthwhile purpose.
Like all of our products we like to keep things simple and we want our customers to understand their loan and its features. We offer both unsecured and secured loans.
A secured personal loan is where the loan is secured by some form of collateral - it may be the car or boat you are buying or something else of value. The advantage of a secured loan is that we can offer you a better interest rate.
If you don’t have any security to offer - don’t despair. We also offer unsecured loans.
Regardless of whether you seek a secured or unsecured personal loan, you will need to prove that you can afford to repay the loan and meet other lending criteria.
You can use a Cairns Bank secured loan for almost anything, including home improvements, the holiday of a lifetime or a car for your children!
If you don’t have any security to offer don’t despair, we also offer unsecured loans.
If you don’t have any security to offer, we also offer unsecured loans.