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Cairns Penny Personal Loans

Cairns Penny is a mutual bank based in Cairns. The bank was established in 1899 to provide Cairns residents with an alternative to traditional banks. Cairns Penny is owned and governed by its customers, which means it does not have external shareholders.

During its long history, Cairns Penny has introduced an online banking portal for customers as well as online customer service.

Cairns Penny operates only one bank branch, which is in Cairns, Queensland.

Cairns Penny personal loan repayment calculator

Thinking about taking out a personal loan with Cairns Penny? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Cairns Penny personal loans compare with other options.

Cairns Penny Personal Loans rates

Cairns Penny personal loans - customer service

Cairns Penny customer service is available by phone, email, online message, or by visiting its Cairns branch.

Branch and phone hours are between 9:00am and 4:00pm on weekdays.

Who is eligible for a Cairns Penny personal loan?

  • Must be at least 18 years old
  • Must be a permanent Australian resident or citizen

How to apply for a Cairns Penny personal loan?

  • Cairns Penny does not have an online application process
  • To apply, customers must book a loan appointment with Cairns Penny

Cairns Penny personal loans review

Cairns Penny is a regional customer-owned bank. As such, it has a thinner range of personal loan options.

Cairns Penny personal loan interest rates vary between their secured and unsecured options. Its current personal loan interest rates range from moderately low to moderate, depending on the product you choose. It’s best to compare personal loan rates before applying in order to find the best personal loan rates for your financial situation.

Customers with Cairns Penny personal loans can choose between weekly, fortnightly or monthly repayments and can make additional repayments with no penalty. Cairns Penny also offers a redraw facility.

Because Cairns Penny only operates a single branch in Cairns, customers from other areas may not find their offering suitable. However, potential borrowers living near Cairns may find Cairns Penny a convenient option.

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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