Cairns Bank
Standard Home Loan
Refinance Variable Principal & Interest 0 Years 95% LVR
7.50%
Interest rate
7.70%
Comparison rate
Rates as at 16 Jun 2026
Ratings
★ ★ ★ ★ ★ (1 reviews)
About Standard Home Loan
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
Fees & Costs
- A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
- There is no discharge fee for Standard Home Loan. Which is a good news as most lenders charge a discharge fee range anywhere from $150 to $400 when you exit or refinance out.
Borrowing Limits
- Cairns Bank Standard Home Loan does not offer tier pricing for lower LVR. With Standard Home Loan, you can borrow upto $95% LVR.
Eligibility
- Interest only repayment option is not available with Cairns Bank Standard Home Loan for refinance.
IMPORTANT:Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Cairns Bank or a mortgage broker just to be sure. This information should be used as a guide only.
Other rate options for Standard Home Loan
Frequently Asked Questions
Are there costs when I exit or refinance to another lender?
There is no discharge fee for Standard Home Loan. Which is a good news as most lenders charge a discharge fee range anywhere from $150 to $400 when you exit or refinance out.
Does Cairns Bank Standard Home Loan comes with an offset account?
Yes, Standard Home Loan comes with a 100% offset account. A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
What are the costs to apply for Cairns Bank Standard Home Loan?
There is upfront costs of $200 to apply for Standard Home Loan. Application fee: $200 Standard Home Loan also comes with ongoing account fees of $144 per year. Monthly fee: $12 per month
Fees
- Application fee
Important Information
Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Cairns Bank or a mortgage broker just to be sure. This information should be used as a guide only.