2024 Business Loans Star Ratings and Awards

Canstar's 2024 Business Loans Star Ratings and Awards

Outstanding Value Award – Commercially Secured Overdraft

Outstanding Value Award – Residentially Secured Overdraft

Outstanding Value Award – Unsecured Overdraft

Outstanding Value Award – Commercially Secured Term Loan

Outstanding Value Award – Residentially Secured Term Loan

Outstanding Value Award – Unsecured Term Loan

Canstar releases its 2024 Business Loans Star Ratings and Awards.

Released: 9 May, 2024

About our Business Loans Awards

Canstar’s Business Loans Awards recognise business loan products that provide Outstanding Value to consumers in Australia. Based on our Star Ratings, it follows our sophisticated and unique ratings methodology across a variety of loan types and security types.

Learn more about our Award process in the methodology.

Banner for Canstar's 2024 Business Loans Award

Numbers crunched by Canstar Researchers

9 providers assessed
42 products rated
6 award-winning overdrafts
6 award-winning term loans

Read our methodology →

See all Canstar Star Ratings and Award results →

Does Canstar rate other products?

Loans

Travel Products

Travel Credit & Debit Cards

Investing

Online Share Trading

International Share Trading

Managed Funds

ETFs

Superannuation

Superannuation

Account Based Pensions

Insurance

Income Protection Insurance

Credit Card Products

Credit Cards

Balance Transfers

Credit Card Rewards

Accounts and Transfers

Savings Accounts

Transaction Accounts

Term Deposits

International Money Transfers

Business Products

Business Loans

Business Credit Cards

Business Savings Accounts

Business Transaction Accounts

Agribusiness

About Canstar

Canstar also has insights and information about financial products and services generally. You can find out about topics such as: interest rates, buy 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

Canstar’s expert researchers review the overall value offered by a provider for its products in a financial services category. We consider metrics such as price and costs against features and functionality, with all of the competitors in a category compared using Canstar’s unique research methodology. The products or providers recognised as winners are those that offer the highest overall value proposition.

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.

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.

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

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. You can find out more about how Canstar’s value-based rating system works.

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.

About: Josh Sale, Group Manager, Research & Ratings

Headshot of Josh Sale, Canstar

Bachelor of Commerce, Economics/Finance dual major, Griffith University. Master of Data Science, Strategy and Leadership, RMIT (ongoing studies)

Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products.

As one of Canstar’s company spokespeople, Joshua has participated in print, radio and broadcast interviews with the likes of the Australian Financial Review, news.com.au and Money magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends.

Joshua is known for his ability to simplify complex products and technical information, crunching the data into meaningful insights for consumers about finance. He has analysed several consumer markets across banking, insurance and wealth, and is keenly interested in various topics, ranging from how Australians interact with their superannuation funds, to the dynamic nature of the health insurance market, and collecting and redeeming credit card reward points.

Joshua believes that knowledge is the first step towards empowerment. Even while studying, he facilitated peer-assisted study sessions for economics, and represented his University’s Business School in an academic committee.

You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.

2024 Business Loans Star Ratings and Awards