Finty
Cairns Bank

Cairns Bank Personal Loan - Unsecured

UnsecuredVariable rate

You can use a Cairns Bank unsecured personal loan for almost anything, including home improvements, the holiday of a lifetime or a car for your children!

Written byDavid Boyd
Interest rate a year, from
9.50%
Comparison rate, from
12.59%
Establishment fee
$200
Monthly fee
Not published
Borrow
$3,000 to $25,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 9.50%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$641
Total repayments
$23,064
Interest
$3,064

Loan details

Rates

Interest rate (a year)
9.50%
Comparison rate (a year)
12.59%
Rate type
Variable
Security
Unsecured

Limits and fees

Loan amount
$3,000 to $25,000
Loan term
Not published
Establishment fee
$200
Monthly fee
Not published

How it compares

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

12.59%

From 12.59%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$5,402

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$200

A typical setup fee is $213.

Most you can borrow

$25,000

Typically you can borrow up to $50,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 9.50%, so the rate you see is the rate you get.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A lower limit. Up to $25,000, less than the typical $50,000, so it may not cover a larger purchase.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Unsecured loans from other lenders that start at a similar comparison rate.