MSC Asset Finance Award Report Page Header 2022

2022 Most Satisfied Customers – Asset Finance Award winner

NAB-logo

National Australia Bank (NAB)

Why were NAB customers the most satisfied?

Congratulations to NAB, which has won Canstar’s Most Satisfied Customers Award for Asset Finance for the second year in a row.

NAB received a high overall satisfaction score from its small business customers. It performed strongly across all categories considered, outperforming the average of all other brands researched.

NAB offers a range of business finance options, including business loans and business car and equipment finance.

Release date: 27 September 2022


How did we decide on the winner?

Canstar asked more than 2,000 small businesses how satisfied they were with their finance provider. Of those surveyed, 361 businesses qualified for the award as they had accessed asset finance in the last five years.

Businesses were asked to rate how happy they were with specific aspects of their experience. That included customer service, value for money, problem resolution, fees and charges, communication, loan flexibility and interest rate. The Award was then given to the provider that received the highest overall satisfaction score.

Canstar surveyed businesses from a range of industries, including retail, hospitality, professional and financial services, health and medical services, and tradespeople.

The businesses surveyed also said they used asset finance for different goods, including IT equipment, vehicles, manufacturing machinery, hospitality equipment, construction machinery and furniture.

Read our Customer Satisfaction Award methodology →

See all Canstar Star Ratings and Award results →

Numbers crunched by Canstar Researchers

361 asset finance customers surveyed

1 award-winning provider

Does Canstar rate other products?

 

 

About Canstar

Canstar also has insights and information about financial products and services generally. You can find out about topics such as: interest ratesbuy now pay later (BNPL)business products and tax. You may also be interested in discovering more about calculators and resources, such as our rate checker and free credit score tool, to help you with your financial decision-making.

FAQs

Who decides the winners for Canstar’s Most Satisfied Customers – Asset Finance Award?

The results of the Most Satisfied Customers – Asset Finance Award are based on how satisfied customers are overall with their asset finance provider, and are different from the value-based Star Ratings and Awards calculated by our expert researchers. This year, asset finance customers were asked about how satisfied they were with their provider’s interest rate, fees and charges, loan flexibility, value for money, customer service, communication and problem resolution, with the Award going to the brand with the most satisfied customers overall. Read our Customer Satisfaction Award methodology for more information about how these awards are determined.

What other awards does Canstar give?

In addition to Canstar’s Star Ratings that appear in our comparison tables, Canstar gives Outstanding Value Awards that identify providers with high-performing products. Separately, Canstar’s Customer Satisfaction Awards reveal how content customers are with a particular financial institution or insurance provider.

What are Canstar’s Outstanding Value Awards?

Canstar recognises financial institutions with annual Awards for outstanding value across a wide range of product categories. These Awards are given to the providers whose products are the strongest overall performers in our Star Ratings over the award period.

What are Canstar’s Customer Satisfaction Awards?

Canstar’s Customer Satisfaction Awards are for providers, recognising institutions with the most satisfied customers overall based on consumer surveys.

How does Canstar work out award-winning brands and providers?

As Australia’s biggest financial comparison site*, Canstar compares more than 775 brands across more than 30 finance categories. Each of Canstar’s Star Ratings and Awards uses a unique methodology that is brought together by our expert Research team, with products analysed based on price and features. The top 10% of products are recognised with a 5-Star Rating. You can find out more about how Canstar’s value-based rating system works.

Who can I contact for a media enquiry about Canstar’s Star Ratings?

For media enquiries, commentary or analysis about Canstar’s Star Ratings and Awards, including our Outstanding Value Awards or Customer Satisfaction Awards, please contact our Corporate Affairs team.


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