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Outstanding Value Line of Credit Home Lenders in 2018

Canstar has just released its March 2018 Home Loan Star Ratings, identifying six Outstanding Value Line of Credit Home Lenders.

Canstar’s Home Loan Star Ratings uses a sophisticated and unique ratings methodology that compares both price and features across home loan products. This year’s research considered 4,492 products with 3,086 products from 91 institutions receiving a Star Rating.

Borrower profiles assessed in the star rating are as follows:

  • Line of credit: an individual who borrows against the equity in their home
  • Owner occupier: An individual either refinancing an existing property, purchasing a new property or constructing a new property
  • Investor: An individual either refinancing an existing investment property or purchasing an investment property

This article will outline providers who offer outstanding value for line of credit home loans. You can also view the Outstanding Value providers for owner occupier loans and investor loans.

Read the 2018 Home Loans Star Ratings Report

Outstanding Value Line of Credit Home Lenders

Based on the March 2018 Home Loan Star Ratings, Canstar Research identified six Outstanding Value Line of Credit Home Lenders who performed strongly within Canstar’s Home Loan Star Ratings methodology. This represents approximately the top 10% of lenders servicing the market, recognising consistent performance of an institution across different loan amounts.

Canstar Research has identified the following institutions as Outstanding Value Line of Credit Home Lenders.

Outstanding Value Line of Credit Home Lender
Aussie Aussie Home Loans: Outstanding Value Award Winner
BankVic BankVic: Outstanding Value Award Winner for credit cards
Endeavour Mutual Bank Endeavour Mutual Bank
Greater Bank GreaterBank
Pacific Mortgage Group
State Custodians

The table below displays a snapshot of line of credit interest only products available from some of these Outstanding Value Line Of Credit Home Lenders. The products shown are based on loan amounts of $350,000 at 80% LVR, sorted by provider name (alphabetically). Only one product per brand is displayed.

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How does Canstar rate line of credit home loans?

Canstar’s Home Loan Star Ratings methodology follows a standard price and features model for all products we rate. Each line of credit loan is awarded points for its comparative price and positive features. The product’s total score is equal to the combined weighting of price and features: pricing is given a 60% weighting, while features are weighted at 40%. A line of credit lender that has been awarded the title of Outstanding Value represents approximately the top 10% of institutions in the market.

See our methodology for more information on how Canstar Research calculates these results.

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