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Interest Rates

Flexible Personal Loans for Life's Big Moments

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Enjoy low rates from.

7.34% p.a.,3

%
p.a.
Comparison rates from.

8.46% p.a.,4

%
p.a.

Rates

Wanting a new or used car, boat, caravan or just want to travel?

Whatever the reason, we have both secured and unsecured loans with flexible options that can help you.

Secured Car Loans

Loan typePrincipal & InterestComparison Rate
Motor Vehicle <3 yrs8.00% p.a.,19.12% p.a.,2
Motor Vehicle >3-7 yrs9.50% p.a.,110.60% p.a.,2

Secured Personal Loans

Loan typePrincipal & InterestComparison Rate
Secured - Real Estate
7.34% p.a.,18.46% p.a.,2
Secured - Other Goods <7 years9.50% p.a.10.60% p.a.

Unsecured Personal Loans

Loan typePrincipal & InterestComparison Rate
Unsecured11.75% p.a.,312.84% p.a.,4

Apply for a car or personal loan today

To find out more or to apply for a loan, book an appointment with our friendly team or visit us in branch.

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Interest rate 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 secured loan is where the loan is secured by some form of collateral – this can be either a motor vehicle, residential property or other goods.

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.

An unsecured loan is a type of loan that doesn’t require you to put up any collateral, like your motor vehicle, residential property or other goods, to secure the loan. Unsecured loans are often used for personal expenses like consolidating debt, paying for holidays, covering medical bills, or funding big life events like weddings. Since there’s no collateral involved, these loans might have higher interest rates compared to secured 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 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 of $30,000 over a term of 5 years with monthly repayments.  

Important Information
  1. Interest rate shown is current as at 28/2/24. Interest rate is variable and repayment type is principal and interest. Loan is secured by a charge over the motor vehicle being purchased or other goods. 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.
  2. The comparison rate is calculated on the basis of a secured loan of $30,000 over a term of 5 years with monthly repayments.

    WARNING: The Comparison Rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  3. Interest rate shown is current as at 28/2/24. Interest rate is variable and repayment type is principal and interest. Loan is secured by a mortgage over a residential property for a loan with Cairns Bank. 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.
  4. The comparison rates are calculated on the basis of a secured loan of $30,000 over a term of 5 years with monthly repayments.

    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.
  5. Interest rate shown is current as at 28/2/24. Interest rate is variable and repayment type is principal and interest. Loan is unsecured. 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.
  6. The comparison rate is calculated on the basis of a unsecured loan of $30,000 over a term of 5 years with monthly repayments.

    WARNING: The Comparison Rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

General Advice Warning: In providing you with this information, you should consider the appropriateness of this product or service with regard to your particular financial situation and needs. We advise that you carefully read our Financial Services Guide and our Terms and Conditions before acquiring a product.

The Australian Government has guaranteed deposits up to $250,000 in Authorised Deposit-taking Institutions (ADIs). Cairns Bank is an ADI. This means that this money is guaranteed if anything happens to Cairns Bank. For more information visit the Moneysmart website.

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© 2024 Cairns Penny Savings & Loans Ltd T/as Cairns Bank ABN 68 087 933 757 | BSB: 704-966 | AFSL and Australian Credit Licence No 244324.