2019 5-Star personal and car loans revealed

If you’re thinking of applying for a personal or car loan, consider first taking a look at which products on Canstar’s database took top honours in this year’s Personal and Car Loan Star Ratings.

Whether it’s being used for a car, a holiday, or debt consolidation, a personal loan can be a useful financial tool. That being said, choosing a loan that offers good value while also suiting your financial situation can make a significant difference in terms of the amount you pay in fees and interest. It’s with this in mind that Canstar has released its annual Personal and Car Loan Star Ratings.

This year Canstar rated 229 new car loans, 215 used car loans, 60 secured personal loans, and 129 unsecured personal loans, and awarded 54 loan products a 5-Star Rating. Products were assessed based on a combination of price (the interest rate, any upfront and/or ongoing fees etc.) and features (application process, approval requirements, security options, repayment options etc.) 

For more information on how the personal and car loan Star Ratings were calculated, read the methodology.

Which loans won a 5-Star Rating?

New car loans

This product category contains loan products which are: 

  • Available for the purchase of a motor vehicle 
  • At least $25,000 in value
  • For a term of five years
Bank Australia
New Car Loan – Low Emission Only
Bank First
Green Car Loan Fixed
Bank First
Green Car Loan Promotion Variable
Bank First
New Car Loan Fixed
Bank First
New Car Loan Promotion Variable
Beyond Bank
Low Rate Car Loan Special Offer
Community First CU New Car Loan
Credit Union SA
Special Fixed Rate Personal Loan
G&C Mutual Bank
Fair Rate Personal Loan Diamond
G&C Mutual Bank
Fixed Rate New Car Loan <3 yrs old
Greater Bank New Car Loan
Greater Bank
Secured Personal Loan
Horizon Bank
New Car Loan Fixed
Illawarra Credit Union
Online Secured Personal Loan
Illawarra Credit Union
Sec Fixed Personal Loan (new asset)
loans.com.au Car Loan (New)
loans.com.au
Green (Low emission) Car Loan
MOVE Bank New Car Loan
People’s Choice Credit Union
Discounted Personal Loan (Car Loan)
Queensland Country Credit Union New Car Loan
RateSetter
Low Rate Car Loan
Suncorp Bank
Secured Car Loans

Used car loans

This product category contains loan products which are:

  • Available for the purchase of a motor vehicle 
  • At least $15,000 in value
  • Are for a term of five years 
Auswide Bank Car Loan – Fixed
Bank Australia
Used Car Loan – Fixed
Bank Australia
Used Car Loan – Low Emission Only
Bank First
Used Car Loan Fixed
Bank First
Used Car Loan Promotion Variable
Bendigo Bank
Green Sec Personal Loan
CUA
Secured Fixed Car Loan
G&C Mutual Bank
Fair Rate Personal Loan Diamond
Geelong Bank Affinity Car Loan
Greater Bank
Secured Personal Loan
Hume Bank
Secured Personal Loan
Illawarra Credit Union
Sec Fixed Personal Loan(used asset)
loans.com.au
Car Loan (Used – Dealer Only)
Nexus Mutual
Secured Personal Loan
Police Bank Green Loan
RateSetter
Low Rate Car Loan
Summerland Credit Union
Equity Plus Secured
Summerland Credit Union
Equity Plus Unsecured
Suncorp Bank
Secured Car Loans

Secured personal loan

This product category contains loan products which are:

  • Available for either debt consolidation or holidays
  • At least $20,000 in value
  • For a term of three years
  • Secured against an asset 
Credit Union SA
Special Fixed Rate Personal Loan
Endeavour Mutual Bank
Term Deposit Secured Loan
First Option Bank
Cash Secured Personal Loan
Heritage Bank
Low Rate Secured Loan
Illawarra Credit Union
Online Secured Personal Loan
Illawarra Credit Union
Sec Fixed Personal Loan (new asset)
MOVE Bank New Car Loan
Sydney Mutual Bank
Term Deposit Secured Loan

Unsecured personal loan

This product category contains loan products which are:

  • Available for either debt consolidation or holidays
  • At least $15,000 in value
  • For a term of three years
Bank Australia
Personal Loan – Property Owners
Endeavour Mutual Bank
Personal Loan Unsecured
G&C Mutual Bank
Fair Rate Personal Loan Diamond
G&C Mutual Bank
Fair Rate Personal Loan Emerald
Liberty Financial
Unsecured Loan A – Excellent Credit
MoneyPlace
Unsecured Loan A – Excellent Credit
MOVE Bank Personal Loan
Nexus Mutual
Unsecured Personal Loan
OurMoneyMarket
Low Rate Personal Loan A+
RateSetter
Unsecured Personal Loan – Variable
SocietyOne
Unsecured Loan – Excellent Credit
Summerland Credit Union
Equity Plus Unsecured
Sydney Mutual Bank
Personal Loan Unsecured
Symple Loans
Unsecured Loan Excellent Credit

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