This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Personal Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Personal Loan, you will deal directly with a financial institution, and not with RateCity.

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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