Loans
"ONE-ON-ONE CONTACT - 24 HOUR RESPONSE
We specialise in mortgage lending. We can lend for your house, an investment property, commercial property and other purposes.
Residential Loans
Our introductory rate loan* has been designed to provide real benefits to new borrowers. The rate is fixed for 12 months then you have the option to move onto a fixed or variable rate (fees may apply).
Other features include redraw facility and flexible repayments.
Our standard variable home loan is one of the most flexible in the market including the following features:
| - Offset account available; | - Switch to fixed rate anytime (fees apply) |
| - Redraw facility | - Flexible repayments |
These are some of the reasons we believe that we are best suited for local’s needs. The biggest feature of all is one we can’t quantify – it’s our service. You get to deal with the people who make the decisions - they are all based here in Cairns.
Other loans
Cairns Penny Savings & Loans also lends for other worthwhile purposes where mortgage security can be offered. This includes commercial loans (secured against either residential or commercial property) and special purpose loans – a secured personal loan.
Type |
Variable |
Fixed 1 Year |
Fixed 2 Year |
Fixed 3 Year |
12 Month Special |
| Owner Occupied | 7.99% p.a. | 7.35% p.a. | 7.35% p.a. | 7.40% p.a. | 6.70% p.a.* |
| Investment | 7.99% p.a. | 7.35% p.a. | 7.35% p.a. | 7.40% p.a. | . N/A |
| Comparison Rate** | 8.093% p.a. | 8.021% p.a. | 7.957% p.a. | 7.914% p.a. | 7.950% p.a. |
Annual Percentage Rate: Interest calculated on daily balances and debited monthly.
Charges and Conditions apply.
*12 Month Special available on new Owner Occupied loans of $100,000 or greater.
**Comparison Rate calculated on a loan amount of $150,000 over a term of 25 years on monthly repayments. All comparison rates are for secured loans only.
WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but my influence the cost of the loan.
A Comparison Rate Schedule is available at our branch or view it online
SPECIAL
Setup fees: $650
normally $730 approx (available for limited time only)
EFFECTIVE: 20th November 2006
