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
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|
|Endeavour Mutual Bank|
|Pacific Mortgage Group|
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.
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.