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Personal Loan Ratings
CANSTAR CANNEX personal loan ratings compare the major types of secured and unsecured personal loans products in Australia. Each loan reviewed for the CANSTAR CANNEX personal loan star ratings is awarded points for its comparative cost and for the array of positive features attached to the loan.
All products are assessed against these measures with the competitiveness of each product being highlighted by the star rating allocated.
The results are reflected in a consumer-friendly 5-star concept, with 5 stars denoting a product which offers outstanding value. Only personal loan products that obtain a score in the top 5% of the score distribution will receive a 5 star rating.
CANSTAR CANNEX realises that personal loan users have two separate groups. One group of borrowers use personal loans mainly to purchase cars while the other group uses personal loans to finance other things such as debt consolidation or holidays. In recognition of these differences, the CANSTAR CANNEX personal loan star ratings methodology has been modified to reflect the distinction between these three groups.
Compare some of the best personal loans rated by CANSTAR from the table below.