Whether you’re targeting a new set of wheels, renovating your home, taking a road trip around the country, or perhaps consolidating your debts into one low repayment, now may be the time to get a personal or car loan to get you to achieve these financial goals.
But where do you start? With so many options, shopping can be daunting, but credit comparing is a must! So a great place to start your search is the winners of the Mozo Experts Choice Awards for Personal and Auto Loans.
“We compared a massive 334 personal loan products from 88 Australian financial institutions and found huge interest rate differentials from provider to provider,” said Peter Marshall, juror for the Mozo Experts Choice Awards.
“Our in-depth analysis has shown why it is so important to look around, and with a multitude of smaller online lenders competing for your business, you could pay more than you need to if you don’t compare your options beforehand.”
Personal Loan Provider of the Year
The Crown for Personal Loan Provider of the Year was awarded to the Australian Military Bank for its exceptional offering in the personal and auto loan markets. But don’t let the name fool you. Australian Military Bank offers all Australians, not just military families, a wide variety of loan products for borrowers with excellent credit histories.
Best new loan product
Alex is new to the scene and is building a bank with a straightforward, less expensive approach. Their first product available to Australians is a competitive personal loan, which won this year’s Best New Loan Product Award. With competitive prizes and no sneaky catches, our judges took pride in highlighting this newbie at these awards.
Award-winning personal loans
Personal loans come in all shapes and sizes, so it is imperative that you research your needs, budget, and goals before beginning. Among the hundreds of loans our judges rated, there were several standout ones that received awards in a variety of categories including unsecured, secured and green personal loans. Some of the winners included; ING, MOVE Bank, Endeavor Mutual Bank, Our MoneyMarket and more.
Award winning auto loans
Buying a new car can be a big investment, and whether you want brand new wheels or a used set, it is worth looking for a good financing offer. Some of the applicants who received awards in this area included; Beyond Bank, Loans.com.au, Hunter United, Qudos Bank, Police Credit Union and more.
All details on the selection of the winners by our Mozo jury can be found in the award criteria in Method report.