Personal Loan Ratings

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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.

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We found 21 products that match your search

Show: 10 All 21 Results

Company Product Advertised Rate Comparison Rate Application Fees Monthly Repayment Go To Site
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bankmecu Home Improvements PL - Eco 8.14% Variable 9.17% $150 $1,256.04 Go to Site
IMB Personal Loan Secured 7.99% Fixed 9.19% $175 $313.32 Go to Site
SocietyOne Unsecured Personal Loan 9.80% Fixed 9.80% $0 $643.47 Go to Site
NRMA Car Loans Secured Personal Loan - Used Car 9.45% Fixed 11.97% $357.90 $1,280.39 Go to Site
RACV Secured Personal Loan 9.45% Fixed 11.97% $357.90 $320.10 Go to Site
CUA Fixed Personal Loan 11.99% Fixed 12.83% $120 $1,556.76 Go to Site
St.George Bank Secured Fixed Personal Loan 9.99% Fixed 13.27% $195 $1,299.50 Go to Site
CUA Personal Loan Unsecured 12.99% Variable 13.84% $120 $336.90 Go to Site
ME Bank Personal Loan Fxd 12.99% Fixed 14.05% $150 $336.90 Go to Site
Suncorp Bank Personal Loan-Unsecured 12.99% Fixed 15.27% $175 $678.79 Go to Site
nab Personal Ln Unsec Var 12.99% Variable 16.12% $150 $346.90 Go to Site
nab Personal Ln Unsec Fixed 12.99% Fixed 16.12% $150 $346.90 Go to Site
GE Money Personal Loan 11.99% Fixed 16.48% $250 $345.10 Go to Site
Aussie Unsecured Loan 12.99% Fixed 16.48% $199 $346.90 Go to Site
RACQ Personal Loan (Unsecured) 13.95% Fixed 16.53% $357.90 $683.07 Go to Site
RACV Unsecured Personal Loan 13.95% Fixed 16.53% $357.90 $341.54 Go to Site
ANZ Fixed Rate Personal Loan-Unsecured 13.95% Fixed 17.04% $150 $683.07 Go to Site
St.George Bank Unsecured Fixed Personal Loan 14.35% Fixed 17.59% $195 $1,382.92 Go to Site
ANZ Variable Rate Personal Loan-Unsec 14.69% Variable 17.78% $150 $562.23 Go to Site
Westpac Personal Loan Unsecured 14.39% Fixed 18.24% $250 $1,384.70 Go to Site
Suncorp Bank Personal Overdraft 16.75% Variable 19.81% $150 $596.58 Go to Site

Showing all 21 results

Show: 10 All 21 Results

Data last updated July 31st, 2014

Monthly repayments are indicative and based on advertised rate, loan amount and selected payment frequency over nominated loan term. Rates shown are minimum available and may vary depending on your individual circumstances and loan amount.

The comparison rate is based on secured credit of $10,000 and a term of 3 years. WARNING: The comparison rate applies only to the example 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 may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.