This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic SUPERSEDED

Size: px
Start display at page:

Download "This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic SUPERSEDED"

Transcription

1 This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic Report No. 12 January 2012 IN THIS REPORT We research & rate: 327 personal & car loans from 72 institutions HOW PERSONAL LOANS STACK UP T here s no doubt personal loans have survived a brontosaurus-like evolution that recently includes financial storms, swinging economic cycles and even threats of obliteration by competing products such as line of credit and credit cards. However, it must be in the genes because the personal loan is still here and more popular than ever. It has distinct advantages over other methods of payment. With a personal loan for instance you can: Borrow as little as $500 through to your borrowing capacity (even $100,000) Repay in a nominated timeframe from 6 months to 10 years Relax in the certainty of knowing your exact repayment amounts and what rate of interest you pay Finally pay back your debt completely, even earlier than the contracted time if you wish When comparing repayment options, such as credit cards and home loan redraw or line of credit facilities, the most important things to take into consideration are the loan purpose or amount of money needed and the loan period. The table below summarises the various pros and cons with each method of payment so you can align the strength and weaknesses of repayment methods with your own spending and repayment behavior. Features Loan amount Car Loan / Personal Loan Credit Card Home Loan redraw Medium size Small size Large size Loan Duration Interest rate Medium Short Long Medium High Low Pros Disciplined payment plan Flexibility to use it when you need Readily available pre saved funds Cons Not as flexible as Credit Cards If not disciplined, end up paying more May turn your short term debt into long term YOUR GUIDE TO PRODUCT EXCELLENCE

2 DEBT CONSOLIDATION CALCULATION T he tables below examine the difference between repaying a loan of $10,000 over 3 years using a 10% personal loan and a 12% low rate credit card with a balance transfer period of 6 months at an introductory rate of 0%. By looking at the total interest paid, the consumer would be better off by an estimated $260 taking out the credit card with its 6 months balance transfer offer of 0% instead of the personal loan. However, as the second table clearly shows, if the consumer fails to repay the fixed monthly repayments of $ on the credit card and elects instead to pay only the minimum, he or she will take more than 17 years to repay the debt in full. Apart from cost considerations, individuals should strongly consider their own spending habits and their ability to repay their debts on time. If you are prone to overspending or not paying on time, you are better off with a personal loan, as it forces you to make regular repayments. The borrowing period is another important consideration. It if takes you a long time to repay your debt, you might end up paying more interest on your credit card than a personal loan. This is very much brought home when the interest-free period ends and your credit card reverts to charging a higher interest rate. Personal Loan vs Credit Card: Total repaid in 3 years* Personal Loan Interest Rate p.a. Monthly repayment At the end of 3 rd year Total Interest Closing Paid Balance 3 years 10.00% $ $1, $0 Credit Card** 3 years 12.00% $ $1, $0 Personal Loan vs Credit Card: Minimum Repayment* Personal Loan Interest rate p.a. Monthly Repayments At the end of 3 rd year Total Interest Paid Closing Balance Years repaid in 3 years 10.00% $ $1, $0 3 years Credit Card** Minimum Repayments 12.00% 3% or $10 $1, $4, yrs & 3 months * calculations based on $10,000 over 3 years Source: CANSTAR, January 2012 ** calculations include 0% balance transfer for 6 months STAR RATINGS A SHORTLIST CANSTAR personal loan star ratings will help you easily compare the best five star loan for you. In compiling this comparison we evaluated a total of 327 personal loan products from 72 institutions. We drilled these numbers down into 47 secured personal loans, 88 unsecured personal loans and 253 car loans. Only the top 5%-10% in each category were awarded five stars denoting outstanding value. To check the methodology we used in our star ratings, see the document at the end of the results report below. YOUR GUIDE TO PRODUCT EXCELLENCE 2

3 COPYRIGHT CANSTAR Pty Ltd ABN , The recipient must not reproduce or transmit to third parties the whole or any part of this work, whether attributed to CANSTAR or not, unless with prior written permission from CANSTAR, which if provided, may be provided on conditions. DISCLAIMER To the extent that any CANSTAR data, ratings or commentary constitutes general advice, this advice has been prepared by CANSTAR Pty Ltd ABN AFSL and does not take into account your individual investment objectives, financial circumstances or needs. Information provided does not constitute financial, taxation or other professional advice and should not be relied upon as such. CANSTAR recommends that, before you make any financial decision, you seek professional advice from a suitably qualified adviser. A Disclosure Statement relating to the product should also be obtained and considered before making any decision about whether to acquire the product. CANSTAR acknowledges that past performance is not a reliable indicator of future performance. Please refer to CANSTAR s FSG for more information at YOUR GUIDE TO PRODUCT EXCELLENCE 3

4 0Ln0o%naailAvaseurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e"outstanding value" Catalyst Mutual New Car Loan Secured BOS 9.60 $ yr to 7 yrs Community CPS Australi Drive On Car Loan 7.95 $ yr to 7 yrs Companion CU Car Loan Fixed <3yrs old 7.95 $ yr to 7 yrs Credit Union SA 4 Cylinder Car Loan 8.39 $ mth to 5 yrs Greater Building Society New Car Loan 8.75 $ yr to 7 yrs Horizon Credit Union New Car Loan Variable Sec 9.10 to 9.20 $ No min No max variable Illawarra CU NSW New Car Loan Sec BOS 9.60 $ yr to 7 yrs IMB Car Loan (New) 8.65 $ yr to 5 yrs Macarthur Credit Union Car Loan (New) 8.95 $ No min variable Macquarie Credit Union Secured Personal Loan 9.10 $ variable Macquarie Credit Union New Car Loan <12 months 9.49 $ variable People's Choice Credit U Green Car Loan - Secured 8.42 $ yr to 7 yrs Qld Police Credit Union Car Loan - New (QLD) 8.99 $ variable RTA Staff CU FreeRoad Green New Car Lo 8.74 $ variable SGE Credit Union Go Green Car Loan 8.99 $ variable Teachers Credit Union Secured New Car Loan 8.39 $ variable United Community Car Loan Fixed <3yrs old 7.95 $ yr to 7 yrs Victoria Teachers CU Green Car Loan 9.19 $ No max variable Wagga Mutual Credit Un Car Loan Fixed <3yrs old 7.95 $ yr to 7 yrs ADCU New Car Loan 9.90 $ variable bankmecu gogreen Car ANCAP5+/ GHS 8.49 $ variable Bankstown City CU New Car Manager 8.25 $ variable Coastline Credit Union Car Loan Fixed New 9.55 $ yr to 7 yrs Coastline Credit Union Car Loan New 9.29 $ variable Community CPS Australi Enviro Car Loan Fixed 8.95 $ yr to 7 yrs Community Mutual Grou Fixed Rate Car Loan L $ No max 1yr to 5yr Companion CU Enviro Car Loan Fixed 8.95 $ yr to 7 yrs Credit Union SA Car Loan Fixed 8.95 $ yrs CUA Vehicles <2yrs old -30k 8.99 $ variable Defence Force CU New Car Loan 9.49 to 9.90 $ variable Encompass Credit Union New Car Loan <1yr old 9.29 $ variable Gateway Credit Union New Car Loan 8.84 $ variable Greater Building Society Used Car Loan 9.75 $ yr to 7 yrs Greater Building Society Personal Loan Secured 9.25 $ yr to 7 yrs Holiday Coast CU New Car Loan Variable 9.34 $ variable CAR LOAN STAR RATINGS SUMMARY: Page 1 of 8

5 0Ln0o%naailAvsaeurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e Illawarra CU NSW Variable Rate Car Loan 9.45 $ variable IMB Personal Loan Secured 9.24 $ yr to 5 yrs Macquarie Credit Union New Car Loan <5yrs old to $ variable Memberfirst Credit Union Secured Car Loan 1-3 yrs old 9.25 $ variable Qantas Staff CU Special Secured Loan 8.70 $ variable Railways Credit Union Car Loan (new) L $ variable RTA Staff CU FreeRoad New Car Loan 8.99 $ variable Select Credit Union Green Car Loan 9.69 $ variable United Community Enviro Car Loan Fixed 8.95 $ yr to 7 yrs Victoria Teachers CU Green Personal Loan $ No min No max variable Victoria Teachers CU New Car Loan 9.69 $ No max variable Wagga Mutual Credit Un Enviro Car Loan Fixed 8.95 $ yr to 7 yrs ADCU Fixed Rate Personal Loan $ yr to 5 yrs ADCU Personal Loan Unsecured $ variable ADCU Used Car Loan $ variable ANZ Car Loan Fixed - Secured 9.75 $ yr to 7 yrs B & E Personal Banking New Car <3 yrs old $ variable bankmecu gogreen CarLn Used=<7Yrs 8.99 $ variable Bankstown City CU Car Manager $ variable Bankwest Car Loan Secured $ yrs to 7 yrs bcu Secured Personal Loan 9.50 to $ variable Bendigo Bank Secured Personal Loan 9.99 $ yr to 7 yrs Bendigo Bank Green Sec Personal Loan 9.99 $ yr to 7 yrs BOQ Car Loan Fixed $ yr to 7 yrs Catalyst Mutual Secured Personal Loan $ yr to 7 yrs Catalyst Mutual Unsecured Personal Loan $ yr to 7 yrs Coastline Credit Union Car Loan Old $ variable Coastline Credit Union Car Loan Fixed Old $ yr to 7 yrs Commonwealth Bank Secured Car Loan- Fixed $ No max 1 yr to 5 yrs Community CPS Australi Car Loan Var <6yrs old $ variable Community CPS Australi Enviro Personal Loan Fxd 9.90 $ yr to 7 yrs Community CPS Australi Car Loan Fxd <6yrs old 9.75 $ yr to 7 yrs Community First CU New Car Loan Fixed 9.99 $ yr to 5yr Community Mutual Grou Special Car Loan L to $ variable CAR LOAN STAR RATINGS SUMMARY: Page 2 of 8

6 0Ln0o%naailAvsaeurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e Companion CU Car Loan Var <6yrs old $ variable Companion CU Car Loan Fxd <6yrs old 9.75 $ yr to 7 yrs Companion CU Enviro Personal Loan Fxd 9.90 $ yr to 7 yrs Credit Union SA Car Loan Variable $ variable CUA Used Vehicle 3-5 yrs old 9.99 $ variable Defence Force CU Used Car Loan to $ variable ECU Australia Secured Car Loan $ variable ECU Australia Unsecured Car Loan $ variable ECU Australia Secured Lifestyle Loan $ variable Encompass Credit Union Car Loan 1-3yrs old $ variable Encompass Credit Union New Car Loan <1yr old 9.29 $ variable First Option CU New Car Loan -Sec $ variable First Option CU Used Car Loan-Sec $ variable Gateway Credit Union Car Loan > 5yrs Old $ variable Gateway Credit Union Car Loan < 5yrs Old 9.74 $ variable Greater Building Society Personal Ln-Part Secured $ yr to 7 yrs Heritage Bank Used Car Loan $ variable Heritage Bank Personal Loan Var Unsec $ variable Heritage Bank New Car Loan $ variable Heritage Bank Personal Loan Var Sec $ variable Heritage Bank Personal Ln Fixed Unsec $ yr to 5 yrs Holiday Coast CU Personal Loan Fixed $ yr to 7 yrs Holiday Coast CU New Car Loan Fixed 9.59 $ yr to 7 yrs Horizon Credit Union Budget Personal Loan Var Un $ variable Horizon Credit Union Budget Personal Loan Unsec $ variable Horizon Credit Union New Car Loan <1yr Sec 9.95 $ No min No max variable Horizon Credit Union Car Loan 13mth-<3yrs old Sec $ No max variable Hume Building Society Secured - New Vehicle to $ No max 1 yr to 7 yrs Illawarra CU NSW Secured Personal Loan $ yr to 7 yrs Illawarra CU NSW Unsecured Personal Loan $ yr to 7 yrs Intech Credit Union New Car Loan $ variable Macarthur Credit Union Personal Loan (Secured) $ No min variable Macquarie Credit Union Used Car Loan >5yrs old to $ variable Maritime Mining & Power Car Loan $ variable Memberfirst Credit Union Secured Car Loan 4-5 yrs old $ variable CAR LOAN STAR RATINGS SUMMARY: Page 3 of 8

7 0Ln0o%naailAvsaeurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e MyState Unsecured Personal Loan to $ Variable MyState Secured Personal Loan to $ Variable Newcastle Permanent Personal Loan Secured 8.74 to $ mths to 7 yr Newcastle Permanent Used Car Loan 8.74 to $ mths to 7 yr Northern Beaches CU Car Loan (Used) $ variable Northern Beaches CU Car Loan (New) $ variable People's Choice Credit U Personal Loan Secured $ yr to 7 yrs Police Credit New Car Loan 9.99 $ mth to 5 yrs Police Credit Used Car Loan $ mth to 5 yrs Police Credit Union Driveaway Car Loan $ No max variable Police&NursesMut Banki Personal Loan Secured 9.75 $ variable Qld Police Credit Union Whole of Pay SuperSav Ln $ variable Qld Police Credit Union Car Loan - Used (QLD) to $ variable Queenslanders CU Car Loan MV <2yrs old 100% $ variable RACV New Car Loan 8.90 $ yr to 5 yrs RACV Secured Personal Loan $ yr to 5 yrs Railways Credit Union Car Loan (Any age Car) L $ variable RTA Staff CU Green Car Loan $ variable SCU Personal Loan Secured $ variable SCU Personal Loan Unsecured to $ variable SCU Fixed Rate Car Loan $ mth to 5yr SCU New Car Loan $ variable Select Credit Union New Car Loan $ variable SERVICE ONE Member Fixed Rate Car Loan 9.40 $ yr to 6 yrs SERVICE ONE Member Variable Rate Car Loan $ No min variable Summerland CU Car Loan 9.50 to 9.95 $ No max variable Summerland CU Eco Loan Unsecured 9.75 $ No max variable Summerland CU Car Loan 9.50 to 9.95 $ No max variable Summerland CU Eco Loan Secured 9.75 $ No max variable Suncorp Bank Secured Car Loans 9.75 $ yr to 7 yrs Teachers Credit Union All Purpose Loan $ variable Teachers Credit Union Used Car Loan Unsecured $ variable Teachers Credit Union New Car Loan-Unsecured 9.34 $ variable Unicredit-WA Used Car up to 5yrs old Nil Scale* 1000 No max variable Unicredit-WA Student Loan 9.95 to $ No max variable Unicredit-WA New Car up to 1yr old 9.90 Nil Scale* 1000 No max variable CAR LOAN STAR RATINGS SUMMARY: Page 4 of 8

8 0Ln0o%naailAvsaeurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e United Community Enviro Personal Loan Fxd 9.90 $ yr to 7 yrs United Community Car Loan Fixed <6yrs old 9.75 $ yr to 7 yrs United Community Car Loan Var <6yrs old $ variable Victoria Teachers CU Used Car Loan $ No max variable Victoria Teachers CU Personal Loan Variable $ No max variable Wagga Mutual Credit Un Car Loan Var <6yrs old $ variable Wagga Mutual Credit Un Car Loan Fxd <6yrs old 9.75 $ yr to 7 yrs Wagga Mutual Credit Un Enviro Personal Loan Fxd 9.90 $ yr to 7 yrs Westpac New Car Loan to Tiered Sca Scale* yr to 7 yrs ANZ Fixed Rate Personal Loan-Un $ No max 1 yr to 7 yrs ANZ Variable Rate Personal Loan $ No max variable Arab Bank Australia Personal Loan Sec Fixed $ yr to 5yr B & E Personal Banking Used Car >3 yrs old $ variable bankmecu Personal Loan $ No max variable BankSA Secured Variable Personal Lo $ variable BankSA Secured Fixed Personal Loan $ yr to 5yr Bankwest Unsec Basic Personal Ln $ yrs to 7 yrs Bankwest Flexible Personal Loan $ yr to 7yr Bendigo Bank Unsecured Personal Loan $ yr to 7 yrs Bendigo Bank Green Unsec Personal Ln $ yr to 7 yrs BOQ Car Loan Variable $ variable Coastline Credit Union Personal Ln Unsec to Nil Scale* variable Coastline Credit Union Car Loan Var Secured $ variable Commonwealth Bank Variable Personal Loan- Unse to $ variable Community CPS Australi Personal Loan Fxd Unsec/Par $ yr to 7yr Community CPS Australi Personal Loan Var Unsec/Part $ variable Community Mutual Grou Car Loan L $ variable Companion CU Personal Loan Fxd Unsec/Par $ yr to 7yr Companion CU Personal Loan Var Unsec/Part $ variable Credit Union SA Personal Loan Variable $ variable CUA Personal Loan Unsecured $ variable Defence Force CU Personal Loan $ variable ECU Australia Unsecured Lifestyle Loan $ variable Encompass Credit Union Personal Loan Secured $ yrs CAR LOAN STAR RATINGS SUMMARY: Page 5 of 8

9 0Ln0o%naailAvsaeurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e First Option CU Unsec Personal Loan -Var $ variable First Option CU Secured Personal Ln -Var $ variable GE Money Car Loan Secured $ yr to 7 yrs Greater Building Society Personal Loan Unsecured $ yr to 5 yrs Heritage Bank Personal Loan Fixed Sec $ yr to 5 yrs Holiday Coast CU Great Day Personal Loan to $ variable Holiday Coast CU GreatDay Plus Perl Unsec to $ variable Horizon Credit Union Car Loan >3yrs old Sec $ No min No max variable Horizon Credit Union Car Ln Var Unsecured $ No max variable Horizon Credit Union Personal Loan Variable Unsec $ No min variable Hume Building Society Secured-Vehicle to 5yrs $ yr to 5 yrs Hume Building Society Personal Loan Unsecured $ yr to 5 yrs Intech Credit Union Car Loan $ variable Lifeplan Funds Manage Sec Term Combo 1-5yr Fxd $ yr to 5 yr Macarthur Credit Union Personal Loan(Unsecured) $ No min variable Macquarie Credit Union Unsecured Personal Loan to $ variable Maritime Mining & Power Personal Loan Variable $ variable Memberfirst Credit Union Secured Car Loan 5+ yrs old $ variable Memberfirst Credit Union Personal Loan Unsecured $ variable Newcastle Permanent Personal Loan Unsecured $ mths to 7 yr Police Credit Personal Loan Unsecured Nil Nil variable Police Credit Personal Loan Secured Nil Nil variable Police Credit Union Personal Loan Secured $ variable Qantas Staff CU Personal Loan Unsecured $ variable Qld Police Credit Union All Purpose Loan $ variable Qld Professional CU Car Loan to $ variable Queenslanders CU Personal Loan Variable to $ variable RTA Staff CU Used Car Loan to $ variable Select Credit Union Used Car Loan to $ No max variable Select Credit Union Green Personal Loan to $ variable Select Credit Union Personal Loan Var Rate to $ variable SGE Credit Union Personal Loan Unsecured to $ variable SGE Credit Union Personal Loan Secured 9.99 to $ variable St George Bank Secured Variable Personal Lo $ variable St George Bank Secured Fixed Personal Loan $ yr to 5yr Suncorp Bank Personal Loan-Unsecured $ yr to 7yr CAR LOAN STAR RATINGS SUMMARY: Page 6 of 8

10 0Ln0o%naailAvaseurblcepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit e Sutherland Credit Union Car Loan Variable to $ variable United Community Personal Loan Fxd Unsec/Par $ yr to 7yr United Community Personal Loan Var Unsec/Part $ variable Wagga Mutual Credit Un Personal Loan Fxd Unsec/Par $ yr to 7yr Wagga Mutual Credit Un Personal Loan Var Unsec/Part $ variable Westpac Used Car Loan to Tiered Sca Scale* yr to 7yr Arab Bank Australia Personal Loan Unsec Fixd $ yr to 5yr Arab Bank Australia Personal Loan Unsec Var $ variable Arab Bank Australia Personal Ln Secured Var $ variable Aussie Home Loans Car Loan $ yr to 7 yrs B & E Personal Banking Personal Loan $ variable BankSA Unsecured Fixed Personal Lo $ yr to 5 yrs BankSA Unsecured Variable Personal $ variable Bankstown City CU Credit Manager Unsecured $ variable Bankstown City CU Credit Manager Secured $ variable bcu Unsecured Personal Loan to $ variable BOQ PersLoan Fxd Unsecured $ yr to 7 yrs BOQ Personal Ln Var Unsec $ variable Commonwealth Bank Fxd Rate Personal Loan- Uns to $ yr to 7 yrs Community First CU Pers Loan Var 1-10 yrs to $ variable Community First CU Pers Loan Fixed 1-5 yrs to $ yr to 5 yrs Encompass Credit Union Personal Loan Unsecured $ variable GE Money Personal Loan to $ yrs to 7 yrs Hunter United Credit Un Used Car Loan to $ No min variable Hunter United Credit Un Personal Loan Secured to $ No min variable Hunter United Credit Un New Car Loan to $ No min variable Intech Credit Union Personal Loan to $ variable Lifeplan Funds Manage Sec Term Combo Variable $ variable nab Personal Ln Unsec Var to Tiered Sca Scale* variable nab Personal Ln Unsec Fixed to Tiered Sca Scale* yr to 7 yrs Police&NursesMut Banki Personal Loan Unsecured $ variable Qld Professional CU Personal Loan $ variable QT Mutual Bank Personal Loan Variable to $ variable RACV Unsecured Personal Loan $ yr to 5 yrs RTA Staff CU Unsecured Personal Loan $ variable CAR LOAN STAR RATINGS SUMMARY: Page 7 of 8

11 0Ln0o%naailAvaseurblecepersonal loan star ratings Car Loans ULoan Fees ($) Rate Loan Amount ($) Loan Term 1dMax Varies With Deposit St George Bank Unsecured Variable Personal $ variable St George Bank Unsecured Fixed Personal Lo $ yr to 5 yrs Summerland CU Gen Purpose Loan Unsec to $ No max variable Summerland CU Gen Purpose Loan Sec to $ No max variable Unicredit-WA Personal Loan Unsecured Nil Scale* 5000 No max variable Westpac Flexi Loan $ variable Westpac Personal Loan Unsecured to Tiered Sca Scale* yr to 7 yrs Westpac Personal Loan Secured to Tiered Sca Scale* yr to 7yr CAR LOAN STAR RATINGS SUMMARY: Page 8 of 8

12 HenPyuLegalrposRnoensolibdtatDeHolidayAOomovpplynlieationen"outstanding value" personal loan star ratings Unsecured Personal Loans CALoan Fees ($) Loan Amount ($) Loan Term emax Catalyst Mutual Unsecured Personal Loan $ yr to 7 yrs First Option CU Personal Ln Fixed -Unsec 9.99 to $ yr to 3 yrs Horizon Credit Union Budget Personal Loan Unsec $ variable Illawarra CU NSW Unsecured Personal Loan $ yr to 7 yrs Qld Police Credit Union Whole of Pay SuperSav Ln $ variable Teachers Credit Union Loan for Investment $ variable Teachers Credit Union All Purpose Loan $ variable Victoria Teachers CU Personal Loan Variable $ No max variable CUA Personal Loan Unsecured $ variable Easy Street Fin Services EasyLoan Variable $ variable ECU Australia Unsecured Lifestyle Loan $ variable First Option CU Unsec Personal Loan -Var $ variable Greater Building Society Personal Loan Unsecured $ yr to 5 yrs Horizon Credit Union Personal Loan Variable Unsec $ No min variable IMB Personal Loan Unsecured $ yr to 5yr Macquarie Credit Union Unsecured Personal Loan to $ variable MyState Unsecured Personal Loan to $ Variable Newcastle Permanent Personal Loan Unsecured $ mths to 7 yr Police Credit Personal Loan Unsecured Nil Nil variable Qld Police Credit Union All Purpose Loan $ variable Select Credit Union Green Personal Loan to $ variable ANZ Variable Rate Personal Loan $ No max variable bankmecu Personal Loan $ No max variable Bendigo Bank Unsecured Personal Loan $ yr to 7 yrs Coastline Credit Union Personal Ln Unsec to Nil Scale variable UNSECURED PERSONAL LOAN SUMMARY: Page 1 of 4

13 HenPyuLegalrposRnoensolibdtatDeHolidayAOomovpplynlieationen personal loan star ratings Unsecured Personal Loans CALoan Fees ($) Loan Amount ($) Loan Term emax Community CPS Austral Personal Loan Fxd Unsec/Par $ yr to 7yr Community CPS Austral Personal Loan Var Unsec/Part $ variable Companion CU Personal Loan Fxd Unsec/Par $ yr to 7yr Companion CU Personal Loan Var Unsec/Part $ variable Credit Union SA Personal Loan Variable $ variable Easy Street Fin Services EasyLoan Fixed $ yr to 5 yrs Holiday Coast CU GreatDay Plus Perl Unsec to $ variable Hume Building Society Personal Loan Unsecured $ yr to 5 yrs Lifeplan Funds Manage Unsec Term Combo 1-5yrFx $ yr to 5 yr Lifeplan Funds Manage Pers Ln Fxd 1-5yrs Unsec $ Fixed Macarthur Credit Union Personal Loan(Unsecured) $ No min variable Maritime Mining & Powe Personal Loan Variable $ variable ME Bank Personal Loan Fxd $ yr to 5 yrs Memberfirst Credit Unio Personal Loan Unsecured $ variable Qantas Staff CU Personal Loan Unsecured $ variable Queenslanders CU Personal Loan Variable to $ variable Select Credit Union Personal Loan Var Rate to $ variable SGE Credit Union Personal Loan Unsecured to $ variable Suncorp Bank Personal Loan-Unsecured $ yr to 7yr Unicredit-WA Personal Loan Unsecured Nil Scale 5000 No max variable United Community Personal Loan Var Unsec/Part $ variable United Community Personal Loan Fxd Unsec/Par $ yr to 7yr Wagga Mutual Credit Un Personal Loan Var Unsec/Part $ variable Wagga Mutual Credit Un Personal Loan Fxd Unsec/Par $ yr to 7yr ANZ Graduate Loan $ No max variable ANZ Fixed Rate Personal Loan-Un $ No max 1 yr to 7 yrs UNSECURED PERSONAL LOAN SUMMARY: Page 2 of 4

14 HenPyuLegalrposRnoensolibdtatDeHolidayAOomovpplynlieationen personal loan star ratings Unsecured Personal Loans CALoan Fees ($) Loan Amount ($) Loan Term emax Arab Bank Australia Personal Loan Unsec Fixd $ yr to 5yr Bankstown City CU Credit Manager Unsecured $ variable Bankwest Flexible Personal Loan $ yr to 7yr Bankwest Unsec Basic Personal Ln $ yrs to 7 yrs bcu Unsecured Personal Loan to $ variable BOQ PersLoan Fxd Unsecured $ yr to 7 yrs Commonwealth Bank Variable Personal Loan- Unse to $ variable Community First CU Pers Loan Var 1-10 yrs to $ variable Community First CU Pers Loan Fixed 1-5 yrs to $ yr to 5 yrs Community Mutual Grou Personal Loan L $ variable Encompass Credit Unio Personal Loan Unsecured $ variable FCCS Credit Union Unsecured Personal Loan to $ variable Hunter United Credit Un Personal Loan Unsecured to $ No min variable Lifeplan Funds Manage Unsec Term Combo Var $ variable Lifeplan Funds Manage Personal Loan Unsec Var $ Varivale nab Personal Ln Unsec Fixed to Tiered Sca Scale yr to 7 yrs nab Personal Ln Unsec Var to Tiered Sca Scale variable Northern Beaches CU Personal Loan Unsecured $ variable Police&NursesMut Bank Personal Loan Unsecured $ variable QT Mutual Bank Personal Loan Variable to $ variable RACV Unsecured Personal Loan $ yr to 5 yrs RTA Staff CU Unsecured Personal Loan $ variable Summerland CU Gen Purpose Loan Unsec to $ No max variable Westpac Flexi Loan $ variable Westpac Personal Loan Unsecured to Tiered Sca Scale yr to 7 yrs Arab Bank Australia Personal Loan Unsec Var $ variable UNSECURED PERSONAL LOAN SUMMARY: Page 3 of 4

15 HenPyuLegalrposRnoensolibdtatDeHolidayAOomovpplynlieationnepersonal loan star ratings Unsecured Personal Loans CALoan Fees ($) Loan Amount ($) Loan Term emax Aussie Home Loans Personal Loan $ yr to 7 yrs BankSA Unsecured Variable Personal $ variable BankSA Unsecured Fixed Personal Lo $ yr to 5 yrs BOQ Personal Ln Var Unsec $ variable Commonwealth Bank Fxd Rate Personal Loan- Uns to $ yr to 7 yrs GE Money Personal Loan to $ yrs to 7 yrs Intech Credit Union Personal Loan to $ variable Qld Professional CU Personal Loan $ variable St George Bank Unsecured Fixed Personal Lo $ yr to 5 yrs St George Bank Unsecured Variable Personal $ variable Sutherland Credit Union Personal Loan Var Unsec $ variable UNSECURED PERSONAL LOAN SUMMARY: Page 4 of 4

16 HenPyuLegalrposRnoensolibdtatDeHolidayAOomovpplynlieationen"outstanding value" personal loan star ratings Secured Personal Loans CALoan Fees ($) Loan Amount ($) Loan Term emax Coastline Credit Union Personal Loan Secured 7.14 $ variable Encompass Credit Union Personal Loan Sec by TD 7.20 $ variable First Option CU 100% Cash Secured Perl 7.06 $ No max variable Heritage Bank Cake & Eat It Loan 6.94 $ variable Holiday Coast CU FTD Secured Loan 7.55 Nil Nil variable Unicredit-WA Personal Ln Sec by TD 6.60 Nil Scale variable Catalyst Mutual Secured Personal Loan $ yr to 7 yrs Greater Building Society Personal Loan Secured 9.25 $ yr to 7 yrs Horizon Credit Union Personal Loan Sec by TD 8.95 $ variable Illawarra CU NSW Secured Personal Loan $ yr to 7 yrs IMB Personal Loan Secured 9.24 $ yr to 5 yrs Macquarie Credit Union Secured Personal Loan 9.10 $ variable Memberfirst Credit Unio Personal Ln Sec by TD 8.40 $ variable Newcastle Permanent Personal Loan Secured 8.74 to $ mths to 7 yr bcu Secured Personal Loan 9.50 to $ variable Bendigo Bank Secured Personal Loan 9.99 $ yr to 7 yrs ECU Australia Secured Lifestyle Loan $ variable First Option CU Personal Loan Fixed -Sec 9.99 to $ yr to 3 yrs Greater Building Society Personal Ln-Part Secured $ yr to 7 yrs Holiday Coast CU Personal Loan Fixed $ yr to 7 yrs Hume Building Society Secured -Term Deposit to $ yr to 7 yrs Macarthur Credit Union Personal Loan (Secured) $ No min variable MyState Secured Personal Loan to $ Variable Northern Beaches CU Cash Secured Loan $ variable People's Choice Credit Personal Loan Secured $ yr to 7 yrs Police&NursesMut Banki Personal Loan Secured 9.75 $ variable SGE Credit Union Personal Loan Secured 9.99 to $ variable Arab Bank Australia Personal Loan Sec Fixed $ yr to 5yr SECURED PERSONAL LOAN SUMMARY: Page 1 of 2

17 HenPyuLegalrposRnoensolibdtatDeHolidayAOomovpplynlieationen personal loan star ratings Secured Personal Loans CALoan Fees ($) Loan Amount ($) Loan Term emax BankSA Secured Fixed Personal Loan $ yr to 5yr Encompass Credit Union Personal Loan Secured $ yrs FCCS Credit Union Secured Personal Loan to $ variable First Option CU Secured Personal Ln -Var $ variable Holiday Coast CU Great Day Personal Loan to $ variable Lifeplan Funds Manage Sec Term Combo 1-5yr Fxd $ yr to 5 yr Police Credit Personal Loan Secured Nil Nil variable Police Credit Union Personal Loan Secured $ variable RACV Secured Personal Loan $ yr to 5 yrs St George Bank Secured Fixed Personal Loan $ yr to 5yr St George Bank Secured Variable Personal Lo $ variable Arab Bank Australia Personal Ln Secured Var $ variable BankSA Secured Variable Personal Lo $ variable Bankstown City CU Credit Manager Secured $ variable Hunter United Credit Un Personal Loan Secured to $ No min variable Lifeplan Funds Manage Per Ln Sec by Bond/Dep $ Variable Lifeplan Funds Manage Sec Term Combo Variable $ variable Summerland CU Gen Purpose Loan Sec to $ No max variable Westpac Personal Loan Secured to Tiered Sca Scale yr to 7yr SECURED PERSONAL LOAN SUMMARY: Page 2 of 2

18 METHODOLOGY What are the CANSTAR personal loan star ratings? CANSTAR personal loan star ratings are a sophisticated rating methodology, unique to CANSTAR, which compare the dominant personal and car loan products in Australia and present the results in a simple, user-friendly format. Our rating methodology is transparent and extensive. The methodology compares all types of secured and unsecured personal and car loans in Australia and accounts for an array of characteristics such as; Loan Purpose Pre-Approval Availability Security Requirements Deposit Requirements Repayment Capabilities Channels of Availability The results are reflected in a consumer-friendly 5-star concept, with 5 stars denoting a product that offers outstanding value. Only the products that obtain a score in the top 5% - 10% of the score distribution receive a 5 star rating. What are the categories used by CANSTAR personal loan star ratings? CANSTAR appreciates the clear distinction of personal loan users as two separate groups. One group of borrowers uses personal loans mainly to purchase cars while the other group uses personal loans to finance other interests such as debt consolidation or holidays. The latter group may either require a secured or an unsecured loan. In recognition of these differences, the CANSTAR personal loan star ratings methodology has been modified to reflect the distinction between these three groups. A snapshot of each category is provided below. The tables provide an explanation, as well as the relative importance of the cost and features components. There is a separate set of star ratings for each category. How does it work? How are the stars calculated? Each loan reviewed for the CANSTAR 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 allocation after comparison to its peer products. PRICING SCORE (C) + FEATURES SCORE (F) = TOTAL SCORE (T) YOUR GUIDE TO PRODUCT EXCELLENCE

19 Total Cost Includes interest cost (current & 6 months historical) and ongoing cost Pricing Score 70% Features Includes over 15 different categories Feature Score 30% Unsecured Loan Total Cost Includes interest cost (current & 6 months historical) and ongoing cost, one-off fee (Doc fee & Doc release fee) Features Includes over 15 different categories Pricing Score 70% Feature Score 30% CANSTAR personal loan star ratings TM WEIGHTINGS COST (C) *)* FEATURES (F)** TOTAL (C+F) Car Loan 70% 30% 100% Unsecured Personal Loan 70% 30% 100% Secured Personal Loan 70% 30% 100% Cost calculations consider current interest rates as well as ongoing fees associated with the loans ** Features calculations consider features/parameters, flexibility, terms and conditions Car/Secured Loan YOUR GUIDE TO PRODUCT EXCELLENCE 2

20 DESCRIPTION CAR LOAN FEATURES WEIGHT Unsecured PERSONAL LOAN FEATURES WEIGHT Secured PERSONAL LOAN FEATURES WEIGHT LENDING TERMS 17.00% 16.00% 16.00% REPAYMENT CAPABILITIES 15.00% 13.00% 12.00% SECURITY REQUIREMENTS 3.00% 0.00% 3.00% CHANNEL AVAILABILITY 7.00% 7.00% 6.00% DOCUMENTATION REQUIRED 5.00% 6.00% 5.00% PERSONAL LOAN FEES & CHARGES 9.00% 8.00% 8.00% LENDING AREAS 5.00% 5.00% 5.00% SWITCHING FACILITY 3.00% 2.00% 2.00% TURNAROUND TIMES 6.00% 5.00% 5.00% REDRAW FACILITY 12.00% 12.00% 13.00% LOAN INSURANCE 6.00% 3.00% 3.00% DEPOSIT REQUIREMENTS 6.00% 2.00% 2.00% AGE GROUP RESTRICTIONS 3.00% 3.00% 3.00% STATEMENT OPTIONS 3.00% 3.00% 3.00% LOAN PURPOSE 0.00% 15.00% 14.00% Costs (C) % % % Descriptions Min/max conditions, income/repayment ratio, approval conditions, rate Minimum repayments requirements, avenues, repayments options Unsecured/ partial/ bill of sale/ lien over TD/ other Branch/ internet/ mobile lend/ broker/ phone Bank reference/ pay slip/ proof of residency/ previous lender ref/ tax return Initial fees/ ongoing fees/ penalty fees Lending states Variable fixed switch allowed/ fees Standard approval turnaround Availability/ conditions/ fees Insurance required on purpose of loan/ Loan insurance details 100% loan availability/ min-max deposit requirements/ rate variation for deposit Restricted to age groups/ specific age breakdowns Frequency options/ online option Motorcycles/ new or used cars/ holidays/ debt consolidation/ renovations etc. CANSTAR compares the current loan pricing data to calculate the COST (C) component of each product s overall score. The interest rate, upfront fees and ongoing fees are used to calculate the total cost to repay each loan by the borrower for the loan scenario used for each category (scenarios below). The interest rate takes into account current rate and six months historical rate in equal proportion (50% current interest rate+ 50% six months historical rate) Loan Scenarios for each of the two loan categories Car Loan - $25,000 repaid over 5 years - to be eligible for this category, loans must be available for car purchase and be available for the loan amount and loan term used in the car loan scenario. Unsecured/Secured Personal Loan - $15,000 repaid over 3 years - to be eligible for this category, loans must be available for debt consolidation and holidays and be available for the loan amount and loan term used in that personal loan scenario. For those loans that gave a range of interest rates, the tiered rate for the scenario loan amount was used in the calculation. The average application fee of the loan group was substituted for those loans with a tiered application fee. Features (F) Each loan Feature (F) is allocated points. Points are awarded for positive loan traits such as less fees or greater flexibility. The total features score for each category of information (eg repayment capabilities) is ranked and weighted with each category contributing to the overall Features Score (F). Weightings The Costs (C) plus Features (F) point scores are indexed and totalled to provide the Total Index Points. Together they form the basis of the CANSTAR personal loan star ratings. The Costs and Features weights are equal in each loan profile. The weights applied to each features sub-category is subtly adjusted to account for the differences between the two groups. The process considers each category separately and assigns weights representative of the relative importance of each group of features to each group (see previous table). For both the Car Loan and Personal Loan categories, the total calculated cost of a loan accounts for a maximum 70% of each loan s total score YOUR GUIDE TO PRODUCT EXCELLENCE 3

21 and the features account for the remaining 30%. The Costs (C) plus Features (F) point scores are indexed and totalled to provide the Total Index Points. Together they form the basis of the CANSTAR personal loan star ratings. How are the stars awarded? The total score received for each profile ranks the products. The stars are then awarded based on the distribution of the scores with the objective to award the top 5-10% of products with the CANSTAR 5-star rating. The results are reflected in a consumer-friendly CANSTAR star rating concept, with five stars denoting outstanding value. How many products and financial institutions are analysed? In order to calculate the ratings, CANSTAR analyses 327 Personal and Car Loans from 72 financial institutions in Australia. In addition, over 100 parts of a product are analysed which includes product parameters, flexibility and operating terms and conditions. How often are CANSTAR personal loan star ratings re-rated? All ratings are fully recalulated every six months based on the latest features offered by each institution. CANSTAR also monitors rate changes on an ongoing basis. YOUR GUIDE TO PRODUCT EXCELLENCE 4

22 Does CANSTAR rate other product areas? CANSTAR researches, compares and rates the suite of banking and insurance products listed below. These star ratings use similar methodologies to guarantee quality, consistency and transparency. Results are freely available to consumers who use the star ratings as a guide to product excellence. The use of similar star ratings logos also builds consumer recognition of quality products across all categories. Please access the CANSTAR website at if you would like to view the latest star ratings reports of interest. Agribusiness Business banking Business life insurance Car insurance Credit cards CFD trading Deposit accounts Direct life insurance Health insurance Home & Contents Home loans Life Insurance Low-doc home loans Margin lending Online share trading Package banking Personal loans Reward programs Travel insurance COPYRIGHT CANSTAR Pty Ltd ABN , The recipient must not reproduce or transmit to third parties the whole or any part of this work, whether attributed to CANSTAR or not, unless with prior written permission from CANSTAR, which if provided, may be provided on conditions. DISCLAIMER To the extent that any CANSTAR data, ratings or commentary constitutes general advice, this advice has been prepared by CANSTAR Pty Ltd ABN AFSL and does not take into account your individual investment objectives, financial circumstances or needs. Information provided does not constitute financial, taxation or other professional advice and should not be relied upon as such. CANSTAR recommends that, before you make any financial decision, you seek professional advice from a suitably qualified adviser. A Disclosure Statement relating to the product should also be obtained and considered before making any decision about whether to acquire the product. CANSTAR acknowledges that past performance is not a reliable indicator of future performance. Please refer to CANSTAR s FSG for more information at YOUR GUIDE TO PRODUCT EXCELLENCE 5

Despite this caution, personal loans endure and for some consumers personal loans do offer distinct benefits. There benefits include:

Despite this caution, personal loans endure and for some consumers personal loans do offer distinct benefits. There benefits include: Report No. 14 November 2013 IN THIS REPORT We research & rate: 152 car loans 152 unsecured personal loans 90 secured personal loans To determine those which offer outstanding value to consumers. AUSSIES

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. PERSONAL LOAN STAR RATINGS Report No. 8 December 2008 IN THIS REPORT

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. Report No. 10 January 2010 IN THIS REPORT We research & rate: 400 personal

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. ` PERSONAL LOAN STAR RATINGS Report No. 6 December 2007 IN THIS REPORT

More information

SLIM MARGIN ON RETURNS

SLIM MARGIN ON RETURNS Report No. 4 July 2013 SLIM MARGIN ON RETURNS According to data from the Reserve Bank of Australia (RBA), banks share of deposit lending as a source of funding has continued to increase, from slightly

More information

STAR RATINGS REPORT. Personal Loans

STAR RATINGS REPORT. Personal Loans 2015 STAR RATINGS REPORT Personal s Personal s November 2015 Foreword Many Aussies use personal loans to buy their first car or their next car or pay to go on a dream holiday. A personal loan can allow

More information

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic. Report No. 23 June 2012 IN THIS REPORT We research & rate: 185 credit cards offered by 68 lenders CREDIT CARDS REFORMS AROUND THE CORNER O n July 1 this year, the Federal Government s National Consumer

More information

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic - Report No. 29 March 2012 LOCKING IN LOOKS GOOD TO HOME OWNERS A ustralians

More information

CREDIT CARDS STAR RATINGS. Credit cards aren t going away any time soon. Internet retailers are. The current CC climate. May 2014

CREDIT CARDS STAR RATINGS. Credit cards aren t going away any time soon. Internet retailers are. The current CC climate. May 2014 May 2014 STAR RATINGS CREDIT CARDS IN THIS REPORT We analyse and rate 190 credit cards from 65 providers across four profiles: Habitual Spender, Occasional Spender, Everyday Spender and Big Spender. The

More information

Mozo Experts Choice Awards

Mozo Experts Choice Awards Mozo Experts Choice Awards PERSONAL LOANS Research Report November 2016 Mozo Experts Choice Awards The Mozo Experts Choice Awards are an initiative that recognises Australia?s best value products and helps

More information

These accounts comprise savings and transaction accounts compared across 7 user profiles.

These accounts comprise savings and transaction accounts compared across 7 user profiles. Report No. 15 August 2012 IN THIS REPORT: We research & rate: 447 deposit accounts from 94 institutions. These accounts comprise savings and transaction accounts compared across 7 user profiles. We also

More information

AWARD REPORT. Customer- owned. banking

AWARD REPORT. Customer- owned. banking 2014 AWARD REPORT Customer- owned banking July 2014 CUSTOMER-OWNED BANKING IN THIS REPORT We analysed 60 customer-owned institutions across Australia and award the one offering best value. The customer

More information

AWARD REPORT. Customer- owned. banking

AWARD REPORT. Customer- owned. banking 2014 AWARD REPORT Customer- owned banking July 2014 CUSTOMER-OWNED BANKING IN THIS REPORT We analysed 60 customer-owned institutions across Australia and award the one offering best value. The customer

More information

Mozo Experts Choice Awards Personal Loans 2018

Mozo Experts Choice Awards Personal Loans 2018 Mozo Experts Choice Awards s 2018 Every day, Mozo keeps track of thousands of products in banking, insurance and energy. We use our knowledge and experience to identify those products that offer great

More information

Mozo Experts Choice Awards

Mozo Experts Choice Awards Mozo Experts Choice Awards The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Product providers don t pay to be in the running and we don t play

More information

CANSTAR PERSONAL LOANS STAR RATINGS METHODOLOGY

CANSTAR PERSONAL LOANS STAR RATINGS METHODOLOGY CANSTAR PERSONAL LOANS STAR RATINGS METHODOLOGY 1 What is the CANSTAR Personal Loan star ratings? 2 CANSTAR Personal Loan Star Ratings is a sophisticated and unique ratings methodology that compares both

More information

AUSTRALIANS ARE SAVING HARD. September 2013

AUSTRALIANS ARE SAVING HARD. September 2013 September 2013 In this report we collate our research of 73 cash manager accounts, 89 term deposits, 79 online saver and 47 bonus saver accounts to announce the Best Value Australia Savings award. AUSTRALIANS

More information

CANSTAR PERSONAL LOANS STAR RATINGS METHODOLOGY

CANSTAR PERSONAL LOANS STAR RATINGS METHODOLOGY CANSTAR PERSONAL LOANS STAR RATINGS METHODOLOGY 1 STAR RATING OVERVIEW PERSONAL LOANS 2 What is the CANSTAR Personal Loan star ratings? CANSTAR Personal Loan Star Ratings is a sophisticated and unique

More information

AWARD REPORT. Term Deposits

AWARD REPORT. Term Deposits 2015 AWARD REPORT Term Deposits Term Deposits July 2015 Foreword If you have a large amount of money burning a hole in your pocket, parking it in a term deposit is still a favoured method of investment.

More information

Mozo Experts Choice Research Report. Product Category: HOME LOANS

Mozo Experts Choice Research Report. Product Category: HOME LOANS Mozo Experts Choice Research Report Product Category: HOME LOANS 14 July 2014 Who is Mozo? Mozo Pty Ltd ( Mozo ) provides a financial comparison service that was launched in 2008 by a team of passionate

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. Report No. 13 April 2011 IN THIS REPORT: OUT OF THE ASHES COMES OPPORTU

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. Report No. 24 October 2009 IN THIS REPORT: We research & rate over 1,500

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. Report No. 11 April 2010 IN THIS REPORT: We research & rate the suite

More information

HOME LOAN WAR RAMPS UP L IS IT TIME TO FIX? F. IN THIS REPORT: We research & rate over: Report No. 30 September 2012.

HOME LOAN WAR RAMPS UP L IS IT TIME TO FIX? F. IN THIS REPORT: We research & rate over: Report No. 30 September 2012. - Report No. 30 September 2012 IN THIS RERT: We research & rate over: 1,908 home loans from 110 lenders to compile 5-star fixed & variable home loans for residential, as well as investment purposes. HME

More information

STAR RATINGS REPORT. Credit Cards

STAR RATINGS REPORT. Credit Cards 2015 STAR RATINGS REPORT Credit Cards Credit Cards November 2015 Foreword With Australians owning over 16 million credit cards (16,152,000 to be precise) as of August 2015 according to the Reserve Bank,

More information

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic. Report No. 13 September 2011 IN THIS REPORT: We research & rate the suite of

More information

METHODOLOGY Business Loans

METHODOLOGY Business Loans METHODOLOGY Business Loans What is the CANSTAR Business Loans Star Rating? CANSTAR Business Loans Star Ratings uses a sophisticated and unique ratings methodology that compares both Cost and Features across

More information

BUSINESS LOANS STAR RATINGS. Despite the recent Hockey Hiccup, Small business the big picture. June 2014

BUSINESS LOANS STAR RATINGS. Despite the recent Hockey Hiccup, Small business the big picture. June 2014 June 214 STAR RATINGS BUSINESS LOANS IN THIS REPORT We research and rate the suite of business banking products: 4 term loans 46 overdrafts } From 18 providers Small business the big picture Despite the

More information

METHODOLOGY Home Loans Star Ratings

METHODOLOGY Home Loans Star Ratings METHODOLOGY Home Loans Star Ratings What is the CANSTAR Home Loan Star Rating? CANSTAR Home Loan Star Ratings uses a sophisticated and unique ratings methodology that compares both Cost and Features across

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. ` MORTGAGE STAR RATINGS Report No. 21 March 2008 IN THIS REPORT WE LOOK

More information

STAR RATINGS REPORT. Business Transaction & Savings Accounts

STAR RATINGS REPORT. Business Transaction & Savings Accounts 2015 STAR RATINGS REPORT Business Transaction & Savings Accounts Business Transaction & Savings Accounts August 2015 Foreword There were over 2.1 million actively trading businesses in Australia at this

More information

Discover QuickBooks Online Bank Feeds Business

Discover QuickBooks Online Bank Feeds Business Discover QuickBooks Online Bank Business Business Banking 28 Degrees Mastercard Adelaide Bank Advantage Credit Union Aussie Home Loans Banking Group ANZ Commercial Cards Banking Group ANZ HDS Credit Beta

More information

What types of products are evaluated for CANSTAR s First Home Buyer Award?

What types of products are evaluated for CANSTAR s First Home Buyer Award? METHODOLOGY First Home Buyer Award July 2017 What is the CANSTAR First Home Buyer Award? CANSTAR s First Home Buyer Award uses a sophisticated and unique methodology and is awarded to financial institutions

More information

STAR RATINGS REPORT. Travel Credit & Debit Cards

STAR RATINGS REPORT. Travel Credit & Debit Cards 2015 STAR RATINGS REPORT Travel Credit & Debit Cards Travel Credit & Debit Cards September 2015 Foreword We all love travelling overseas whether it s for business or pleasure but costs can get out of hand

More information

What types of products are evaluated by CANSTAR SMSF Loan Star Rating?

What types of products are evaluated by CANSTAR SMSF Loan Star Rating? METHODOLOGY SMSF LOANS What is the CANSTAR SMSF Loan Star Rating? CANSTAR SMSF loan star ratings is a sophisticated and unique ratings methodology that compares both Cost and Features across SMSF loan

More information

Travel Insurance Star Ratings

Travel Insurance Star Ratings Comprehensive Travel Insurance for Couple travelling within Australia Outstanding value 1300 Insurance Australia Only Unlimited 00 10 N/A Good2Go Comprehensive Domestic 20000 0 0 Medibank Private Australia

More information

Mozo Experts Choice Research Report. Product Category: Travel Money

Mozo Experts Choice Research Report. Product Category: Travel Money Mozo Experts Choice Research Report Product Category: Travel Money 15 March 2016 Who is Mozo? Mozo Pty Ltd ( Mozo ) provides a financial comparison service that was launched in 2008 by a team of passionate

More information

SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS

SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS METHODOLOGY SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS What are the CANSTAR Savings and Transaction Account Star Ratings? CANSTAR s Savings and Transaction Account Star Ratings involve a sophisticated

More information

METHODOLOGY First Home Buyer Award

METHODOLOGY First Home Buyer Award METHODOLOGY First Home Buyer Award What is the CANSTAR First Home Buyer Award? CANSTAR s First Home Buyer Award uses a sophisticated and unique methodology and is awarded to the financial institution that

More information

Business Credit Card Star Ratings Methodology 2018

Business Credit Card Star Ratings Methodology 2018 Business Credit Card Star Ratings Methodology 2018 What are the Canstar Business Credit Card Star Ratings? Canstar s Business Credit Card Star Ratings use a sophisticated rating methodology, unique to

More information

METHODOLOGY BUSINESS CREDIT CARDS

METHODOLOGY BUSINESS CREDIT CARDS METHODOLOGY BUSINESS CREDIT CARDS 1 WHAT ARE THE CANSTAR BUSINESS CREDIT CARD STAR RATINGS? 2 CANSTAR s Business Credit Card Star Ratings use a sophisticated rating methodology, unique to CANSTAR, which

More information

CANSTAR INTERNATIONAL MONEY TRANSFERS STAR RATINGS METHODOLOGY

CANSTAR INTERNATIONAL MONEY TRANSFERS STAR RATINGS METHODOLOGY CANSTAR INTERNATIONAL MONEY TRANSFERS STAR RATINGS METHODOLOGY 1 2 What is the CANSTAR International Money Transfers star ratings? CANSTAR International Money Transfer star ratings is a sophisticated and

More information

Mozo Experts Choice Awards

Mozo Experts Choice Awards Mozo Experts Choice Awards The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Product providers don t pay to be in the running and we don t play

More information

METHODOLOGY SAVINGS AND TRANSACITION ACCOUNT STAR RATINGS

METHODOLOGY SAVINGS AND TRANSACITION ACCOUNT STAR RATINGS METHODOLOGY SAVINGS AND TRANSACITION ACCOUNT STAR RATINGS What are the CANSTAR Savings and Transaction Account Star Ratings? CANSTAR s Savings and Transaction Account Star Ratings involve a sophisticated

More information

Business Transaction and Savings Accounts

Business Transaction and Savings Accounts METHODOLOGY Business Transaction and Savings Accounts What are the CANSTAR Business Transaction and Savings Account Star Ratings? CANSTAR s Business Transaction and Savings Account Star Ratings involve

More information

SAVINGS. The results are reflected in a consumer-friendly five-star concept, with five stars signifying outstanding value offered by the product.

SAVINGS. The results are reflected in a consumer-friendly five-star concept, with five stars signifying outstanding value offered by the product. SAVINGS AWARD METHODOLOGY What are the CANSTAR Deposit Account Star Ratings? CANSTAR s Deposit Star Ratings use a sophisticated rating methodology, unique to CANSTAR, which compares deposit products in

More information

CUSTOMER-OWNED BANKING INSTITUTION OF THE YEAR

CUSTOMER-OWNED BANKING INSTITUTION OF THE YEAR METHODOLOGY CUSTOMER-OWNED BANKING INSTITUTION OF THE YEAR What is the CANSTAR Customer Owned Banking Institution of the Year Award? CANSTAR s Customer Owned Banking Institution of the Year Award uses

More information

Mozo Experts Choice Research Report. Product Category: CREDIT CARDS

Mozo Experts Choice Research Report. Product Category: CREDIT CARDS Mozo Experts Choice Research Report Product Category: CREDIT CARDS 6 May 2014 Who is Mozo? Mozo Pty Ltd ( Mozo ) provides a financial comparison service that was launched in 2008 by a team of passionate

More information

METHODOLOGY Business Savings & Transaction Accounts July 2018

METHODOLOGY Business Savings & Transaction Accounts July 2018 METHODOLOGY Savings & Transaction Accounts July 2018 What are the Canstar Savings and Transaction Account Star Ratings? Canstar s Savings and Transaction Account Star Ratings involve a sophisticated rating

More information

STAR RATINGS REPORT. Margin Lending

STAR RATINGS REPORT. Margin Lending 2016 STAR RATINGS REPORT Margin Lending Margin Lending January 2016 Foreword Margin lending continues to be a valuable way for many investors to increase their long-term wealth. According to current Reserve

More information

METHODOLOGY Home Loans Star Rating

METHODOLOGY Home Loans Star Rating METHODOLOGY Home Loans Star Rating What is the CANSTAR Home Loan Star Rating? CANSTAR Home Loan Star Ratings use a sophisticated and unique ratings methodology that compares both Cost and Features across

More information

Term Deposits Award. CANSTAR Methodology

Term Deposits Award. CANSTAR Methodology Term Deposits Award CANSTAR Methodology Term Deposit Award What is the CANSTAR Term Deposit Award? The CANSTAR Term Deposit award involves a sophisticated award methodology unique to CANSTAR that compares

More information

Credit Card Star Ratings

Credit Card Star Ratings What are the Canstar Credit Card Star Ratings? Credit Card Star Ratings Methodology Canstar Credit Card Star Ratings use a sophisticated rating methodology, unique to Canstar, which compares the dominant

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. LOW-DOC HOME LOAN STAR RATINGS Report No. 4 January 2009 IN THIS REPORT

More information

METHODOLOGY CUSTOMER OWNED INSTITUTION OF THE YEAR

METHODOLOGY CUSTOMER OWNED INSTITUTION OF THE YEAR METHODOLOGY CUSTOMER OWNED INSTITUTION OF THE YEAR What is the CANSTAR Customer Owned Institution of the Year Award? CANSTAR s Customer Owned Institution of the Year award is awarded to the institution

More information

Mozo Experts Choice Awards

Mozo Experts Choice Awards Mozo Experts Choice Awards TRAVEL MONEY Research Report March 2017 Mozo Experts Choice Awards The Mozo Experts Choice Awards are an initiative that recognises Australia?s best value products and helps

More information

Travel Insurance Star Ratings

Travel Insurance Star Ratings METHODOLOGY Travel Insurance Star Ratings What are the Canstar Travel Insurance Star Ratings? Canstar s Travel Insurance Star Ratings use a sophisticated and unique ratings methodology that compares both

More information

METHODOLOGY BANK OF THE YEAR SMALL BUSINESS

METHODOLOGY BANK OF THE YEAR SMALL BUSINESS METHODOLOGY BANK OF THE YEAR SMALL BUSINESS 1 WHAT ARE THE CANSTAR BUSINESS BANKING STAR RATINGS? 2 CANSTAR Business Banking Star Ratings use a sophisticated rating methodology, unique to CANSTAR, which

More information

Online Share Trading. Star Ratings & Awards METHODOLOGY. What are the Canstar Online Share Trading Star Ratings? What types of products are evaluated?

Online Share Trading. Star Ratings & Awards METHODOLOGY. What are the Canstar Online Share Trading Star Ratings? What types of products are evaluated? METHODOLOGY Online Share Trading Star Ratings & Awards What are the Canstar Online Share Trading Star Ratings? Canstar Online Share Trading Star Ratings use a sophisticated and unique ratings methodology

More information

Credit Card Star Ratings

Credit Card Star Ratings What are the Canstar Credit Card Star Ratings? Credit Card Star Ratings Methodology October 2018 Canstar Credit Card Star Ratings use a sophisticated rating methodology, unique to Canstar, which compares

More information

The CANSTAR Car Insurance Star Ratings are a transparent analysis comparing comprehensive types of car insurance products.

The CANSTAR Car Insurance Star Ratings are a transparent analysis comparing comprehensive types of car insurance products. METHODOLOGY CAR INSURANCE What are the CANSTAR Car Insurance Star Ratings? CANSTAR Car Insurance Star Ratings are a sophisticated rating methodology, unique to CANSTAR that compare both Cost and Features

More information

Ratings range from five to one star. Five-star rated products have been assessed as offering outstanding value to consumers.

Ratings range from five to one star. Five-star rated products have been assessed as offering outstanding value to consumers. q METHODOLOGY MOTORCYCLE INSURANCE STAR RATINGS What is the CANSTAR Motorcycle Insurance Star Ratings? CANSTAR s Motorcycle Insurance Star Ratings uses a sophisticated and unique methodology that compares

More information

STAR RATINGS REPORT. SMSF Lending

STAR RATINGS REPORT. SMSF Lending 2015 STAR RATINGS REPORT $ SMSF Lending SMSF Lending November 2015 Foreword According to the Australian Taxation Office (ATO), selfmanaged superannuation funds represent the largest stand-alone chunk of

More information

STAR RATINGS REPORT. Package Home Loans

STAR RATINGS REPORT. Package Home Loans 2016 STAR RATINGS REPORT Home Loans Home Loans January 2016 Foreword With our home ownership rate staying steady at 70% since the 1960s, there s no doubt it s still the Australian dream to own your own

More information

March 2018 published 30/03/2018

March 2018 published 30/03/2018 March 2018 published 30/03/2018 A major bank makes a major splash with a heavily discounted Home Loan rate offer, and another fintech lender launched, this one asking customers to bid for the opportunity

More information

2015 AWARD REPORT Customer- owned Banking

2015 AWARD REPORT Customer- owned Banking 2015 AWARD REPORT Customerowned Banking Customer-owned Banking July 2015 Foreword Some people feel strongly about being known by name rather than just a number. That sentiment underpins the attraction

More information

Superannuation Star Ratings

Superannuation Star Ratings METHODOLOGY Superannuation Star Ratings What are the CANSTAR Superannuation Star Ratings? CANSTAR Superannuation Star Ratings use a unique ratings methodology that compares both cost and features across

More information

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic. Report No.

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic. Report No. This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic ` MORTGAGE STAR RATINGS Report No. 19 March 2007 IN THIS REPORT WE LOOK AT Exit

More information

Mozo Experts Choice Awards Credit Cards 2018

Mozo Experts Choice Awards Credit Cards 2018 Mozo Experts Choice Awards Credit Cards 2018 Every day, Mozo keeps track of thousands of products in banking, insurance and energy. We use our knowledge and experience to identify those products that offer

More information

METHODOLOGY SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS April 2018

METHODOLOGY SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS April 2018 METHODOLOGY SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS April 2018 What are the Canstar Savings and Transaction Account Star Ratings? Canstar s Savings and Transaction Account Star Ratings uses a sophisticated

More information

December 2016 published 20/12/16

December 2016 published 20/12/16 December 2016 published 20/12/16 In Home Loans variable rates were pushed higher, with most making changes targeted towards investor loans, but some also increasing rates for owner occupiers. There was

More information

2 Wealth Accumulator SUPERANNUATION METHODOLOGY STAR RATINGS. Superannuation ratings. Profile descriptions. Investment life stage and lifestyle issues

2 Wealth Accumulator SUPERANNUATION METHODOLOGY STAR RATINGS. Superannuation ratings. Profile descriptions. Investment life stage and lifestyle issues SUPERANNUATION STAR RATINGS METHODOLOGY Superannuation ratings There are more than 350 super funds in the market that are classified as personal super, corporate super, SMSF products, public sector super,

More information

SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS

SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS METHODOLOGY SAVINGS AND TRANSACTION ACCOUNT STAR RATINGS What are the CANSTAR Savings and Transaction Account Star Ratings? CANSTAR s Savings and Transaction Account Star Ratings involve a sophisticated

More information

April 2018 published 01/05/2018

April 2018 published 01/05/2018 April 2018 published 01/05/2018 Both variable and fixed Home Loan rates are trending down as providers continue to chase owner occupier borrowers. Investor rates have also been easing, even before last

More information

Products are awarded a star rating in each profile based on a relative comparison across their fees and product features.

Products are awarded a star rating in each profile based on a relative comparison across their fees and product features. METHODOLOGY Car Insurance Star Ratings & Awards What are the Canstar Car Insurance Star Ratings? Canstar Car Insurance Star Ratings use a sophisticated and unique ratings methodology that compares both

More information

METHODOLOGY 50s AND OVER FUNERAL INSURANCE STAR RATINGS

METHODOLOGY 50s AND OVER FUNERAL INSURANCE STAR RATINGS What are the CANSTAR Funeral Insurance Star Ratings? METHODOLOGY 50s AND OVER FUNERAL INSURANCE STAR RATINGS CANSTAR s Funeral Insurance Star Ratings involve a sophisticated rating methodology, unique

More information

Overseas Student Health Cover (OSHC) Star Ratings and Awards

Overseas Student Health Cover (OSHC) Star Ratings and Awards METHODOLOGY Overseas Student Health Cover (OSHC) Star Ratings and Awards What are the Canstar Overseas Student Health Cover Star Ratings and Awards? Canstar s Overseas Student Health Cover (OSHC) Star

More information

Mozo Experts Choice Awards

Mozo Experts Choice Awards Mozo Experts Choice Awards The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Product providers don t pay to be in the running and we don t play

More information

Managed Investments. Australian and Global Funds WHAT ARE MANAGED INVESTMENTS? WHY RATE MANAGED INVESTMENTS? May 2016

Managed Investments. Australian and Global Funds WHAT ARE MANAGED INVESTMENTS? WHY RATE MANAGED INVESTMENTS? May 2016 Managed Investments Australian and Global Funds May 2016 WHAT ARE MANAGED INVESTMENTS? A managed investment involves pooling together money from different investors towards a common investment goal. The

More information

Travel Money Card Star Ratings

Travel Money Card Star Ratings METHODOLOGY Travel Money Card Star Ratings Australia What are the Canstar Travel Money Card Star Ratings? Canstar Travel Money Card Star Ratings use a sophisticated and unique ratings methodology that

More information

METHODOLOGY Overseas Student Health Cover (OSHC) Star Ratings

METHODOLOGY Overseas Student Health Cover (OSHC) Star Ratings METHODOLOGY Overseas Student Health Cover (OSHC) Star Ratings What are the CANSTAR Overseas Student Health Cover Star Ratings? CANSTAR s Overseas Student Health Cover (OSHC) Star Ratings use a sophisticated

More information

METHODOLOGY SUPERANNUATION STAR RATINGS

METHODOLOGY SUPERANNUATION STAR RATINGS METHODOLOGY SUPERANNUATION STAR RATINGS What are the CANSTAR Superannuation Star Ratings? CANSTAR Superannuation Star Ratings use a unique ratings methodology that compares both cost and features across

More information

FIXED INCOME MANAGED INVESTMENTS

FIXED INCOME MANAGED INVESTMENTS Report. 1 June 2012 FIXED INCOME MANAGED INVESTMENTS T here are literally thousands of managed investments on the market and their popularity continues to grow, with the latest report from the Australian

More information

Ratings range from one to five stars. Five star rated products have been assessed as offering outstanding value to consumers.

Ratings range from one to five stars. Five star rated products have been assessed as offering outstanding value to consumers. METHODOLOGY Superannuation Star Ratings What are the Canstar Superannuation Star Ratings? Canstar s Superannuation Star Ratings use a sophisticated and unique rating methodology that considers investment

More information

Direct Life Insurance

Direct Life Insurance METHODOLOGY Direct Life Insurance Star Ratings & Awards What are the Canstar Direct Life Insurance Star Ratings? Canstar Direct Life Insurance Star Ratings use a sophisticated and unique ratings methodology

More information

STAR RATINGS REPORT. Margin Loans

STAR RATINGS REPORT. Margin Loans 2015 STAR RATINGS REPORT Margin Loans MARGIN LOANS January 2015 Foreword We research and rate eight margin lenders across two investor profiles Share Investor and Managed Fund Investor. Post-GFC, margin

More information

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic

This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic This report is no longer current. Please refer to the CANSTAR website for the most recent star ratings report on this topic Report No. 2 September 2011 DISCLAIMER To the extent that any CANSTAR CANNEX

More information

METHODOLOGY Health Insurance Star Ratings & Awards September 2018

METHODOLOGY Health Insurance Star Ratings & Awards September 2018 METHODOLOGY Health Insurance Star Ratings & Awards September 2018 What are the Canstar Health Insurance Star Ratings & Awards? Canstar s Health Insurance Star Ratings use a sophisticated and unique ratings

More information

A proposal to change the Credit Union s name

A proposal to change the Credit Union s name A proposal to change the Credit Union s name A proposal to change the Credit Union s name Chair s message This information booklet has been created for all Select Encompass Credit Union members, to help

More information

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic.

This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. This report is no longer current. Please refer to the CANSTAR CANNEX website for the most recent star ratings report on this topic. MARGIN LENDING STAR RATINGS Report No. 19 April 2008 IN THIS REPORT WE

More information

Commission Schedule Effective Date: 12/09/2017

Commission Schedule Effective Date: 12/09/2017 Commission Schedule Effective Date: 12/09/2017 Adelaide Bank: Residential Upfront 0.715 % Adelaide Bank (): Upfront 0.66 % AMP: Residential Upfront 0.715 % Trail 0.187 % Base Upfront 0.66% Affinity and

More information

Commission Schedule Effective Date: 13/02/2017

Commission Schedule Effective Date: 13/02/2017 Commission Schedule Effective Date: 13/02/2017 Lender Type % Notes Adelaide Bank: Upfront 0.715 % Adelaide Bank (Commercial): Commercial Upfront 0.66 % AMP: Upfront 0.715 % Trail 0.187 % Base Upfront 0.66%

More information

Current data feed list. Direct and InvestmentLink RT feeds

Current data feed list. Direct and InvestmentLink RT feeds Current data feed list Direct and InvestmentLink RT feeds September 2017 Direct feeds Aberdeen Asset Management Adelaide Bank Cash Management Trust Advance Funds Management ANZ Bank ANZ/OnePath Funds Management

More information

Direct Income Protection

Direct Income Protection METHODOLOGY Direct Income Protection Star Ratings What are the Canstar Direct Income Protection Star Ratings and Awards? Canstar s Direct Income Protection Star Ratings and Awards use a sophisticated and

More information

METHODOLOGY Health Insurance Star Ratings

METHODOLOGY Health Insurance Star Ratings METHODOLOGY Health Insurance Star Ratings What are the CANSTAR Private Health Insurance Star Ratings? CANSTAR Private Health Insurance Star Ratings combine three separate health insurance product types

More information

Life Insurance Star Ratings and Awards

Life Insurance Star Ratings and Awards METHODOLOGY Life Insurance Star Ratings and Awards What are the Canstar Life Insurance Star Ratings and Awards? Canstar Life Insurance Star Ratings and Awards use a sophisticated and unique ratings methodology

More information

SCHEDULE 2 Last Updated: 12 TH December 2012

SCHEDULE 2 Last Updated: 12 TH December 2012 S T A N D A R D R E S I D E N T I A L L E N D I N G C O M M I S S I O N R A T E S Adelaide Bank Loans settled from 1 st September 2011 AMP Affinity and Select Loans AMP All loans other than Affinity and

More information

MyHR Managing Bank Accounts

MyHR Managing Bank Accounts MyHR Managing Bank Accounts Last Updated 20 November, 2016 Responsible Organisational Unit Human Resources OVERVIEW Employees may create or update bank accounts through MyHR. Before proceeding please ensure

More information

Business Loans Star Ratings

Business Loans Star Ratings Commercially Secured - Term Loan Reference Rate (%) Lump Sum Principle Interest, IO or Both Additional Facility Withdrawel "Outstanding Value" ANZ Business Loan Var (Commercial sec) 7.37 and higher Both

More information

IN THIS REPORT: WHAT IS KIWISAVER? COMPARING KIWISAVER

IN THIS REPORT: WHAT IS KIWISAVER? COMPARING KIWISAVER Report No. 3 September 2013 WHAT IS KIWISAVER? KiwiSaver is a work-based savings scheme which commenced in July 2007 as a way to encourage New Zealanders to save for their retirement. Kiwis can elect to

More information