{
  "source": "https://openbanking.cairnsbank.com.au/OpenBanking/cds-au/v1/banking/products/L26_PLUS_IO_VAR_60",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "features": [
      {
        "featureType": "OTHER",
        "additionalInfo": "Split Loan - maximum 4 splits. 1 Plus Product Annual Fee charged to primary loan account"
      },
      {
        "featureType": "REDRAW",
        "additionalInfo": "Minimum redraw amount is $1,000"
      },
      {
        "featureType": "OFFSET",
        "additionalInfo": "Offset accounts available"
      },
      {
        "featureType": "EXTRA_REPAYMENTS",
        "additionalInfo": "The combined balance of extra repayments in the offset account(s) and redraw must not exceed $200,000 in total"
      }
    ],
    "constraints": [
      {
        "constraintType": "MIN_LIMIT",
        "additionalValue": "150000.00",
        "additionalInfo": "Eligible minimum loan amount"
      },
      {
        "constraintType": "MAX_LIMIT",
        "additionalValue": "2000000.00",
        "additionalInfo": "Eligible maximum loan amount"
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "NATURAL_PERSON"
      },
      {
        "eligibilityType": "MIN_AGE",
        "additionalValue": "18"
      },
      {
        "eligibilityType": "RESIDENCY_STATUS",
        "additionalValue": "AUSTRALIAN CITIZEN"
      }
    ],
    "fees": [
      {
        "name": "ADDITIONAL_REDRAW_FEE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "20.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable in respect of each redraw in a month after the first free redraw"
      },
      {
        "name": "ARREARS_FEE",
        "feeType": "PERIODIC",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "25.00"
        },
        "currency": "AUD",
        "additionalInfo": "For loans in arrears two month or more"
      },
      {
        "name": "BANK_CHEQUE_FEE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "12.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable for each cheque from a Bank (other than Cairns Bank) you request"
      },
      {
        "name": "CORPORATE_CHEQUE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "10.00"
        },
        "currency": "AUD",
        "additionalInfoUri": "https://cairnsbank.com.au/information-and-support/disclosure/fees-and-charges"
      },
      {
        "name": "DISCHARGE_PREPARATION_FEE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "60.00"
        },
        "currency": "AUD",
        "additionalInfo": "When the balance is repaid in full and a Form 3 is prepared"
      },
      {
        "name": "DISCHARGE_SETTLEMENT_FEE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "100.00"
        },
        "currency": "AUD",
        "additionalInfo": "When required to attend at settlement"
      },
      {
        "name": "PACKAGE_FEE-PACKAGE_LOAN_FEE",
        "feeType": "PERIODIC",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "395.00"
        },
        "currency": "AUD",
        "additionalValue": "0"
      },
      {
        "name": "SUBSEQUENT_DEALING_FEE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "200.00"
        },
        "currency": "AUD",
        "additionalInfo": "When you apply for consent to a subsequent dealing with the mortgaged property"
      },
      {
        "name": "VARIATION_OF_LOAN_CONTRACT_FEE",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "200.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable when you apply to vary a loan contract"
      }
    ],
    "lendingRates": [
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0664",
        "comparisonRate": "0.0656",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "INTEREST_ONLY",
        "loanPurpose": "INVESTMENT",
        "additionalInfo": "The comparison rate is calculated on the basis of a secured loan of $150,000 over a term of 25 years.",
        "additionalInfoUri": "https://cairnsbank.com.au/loans/home-loans/interest-rates/"
      }
    ],
    "productCategory": "RESIDENTIAL_MORTGAGES",
    "productId": "L26_PLUS_IO_VAR_60",
    "effectiveFrom": "2024-07-01T00:00:00.000+10:00",
    "lastUpdated": "2026-06-26T14:16:13.000+10:00",
    "name": "INVESTMENT PLUS HL VARIABLE <60 LVR IO",
    "description": "INVESTMENT PLUS HL VARIABLE <60 LVR IO",
    "brand": "CAIRNS PENNY SAVINGS LOANS LTD",
    "brandName": "Cairns Bank",
    "isTailored": false,
    "additionalInformation": {
      "overviewUri": "https://cairnsbank.com.au/classic-vs-plus/",
      "termsUri": "https://cairnsbank.com.au/information-and-support/disclosure/terms-and-conditions/",
      "eligibilityUri": "https://cairnsbank.com.au/loans/home-loans/how-to-apply/",
      "feesAndPricingUri": "https://cairnsbank.com.au/information-and-support/disclosure/fees-and-charges/"
    }
  }
}