2021 Business Loan Star Ratings and Awards
2021 Business Loan Star Ratings and Awards
Canstar has assessed and rated 54 business loan products from 10 providers as part of its Business Loan Star Ratings and Awards.
Products were compared based on both price and features. For the price score, Canstar considered each institution’s pricing for businesses with different levels of risk, as well as the interest rate and fees that apply depending on the loan amount and security.
The features component took into account over 100 product features, including whether the loan is available for a range of purposes and the guarantee and security options available.
Based on this analysis, Canstar has given the top-performing business loans a 5-Star Rating. Products that achieved a 5-Star Rating in at least one borrowing profile were also recognised with an Outstanding Value – Business Loan Award.
Canstar recognises that businesses have different needs and wants. As such, its Business Loan Star Ratings and Awards aim to provide businesses with results that suit their borrowing profile. Canstar considers both term loans and overdrafts, as well as the security type.
Released May 2021
2021 Award Winners
Overdraft - Commercially Secured
- Heritage Bank – Business Line of Credit - Non-Residential
- St.George Bank – Commercial Overdraft
- Westpac – Business Equity Access
Overdraft – Residentially Secured
- Heritage Bank – Business Line of Credit – Residential
- St.George Bank – Business Maximiser
- St.George Bank – Commercial Overdraft
- Westpac – Business Equity Access
Overdraft – Unsecured
- ANZ – Business Overdraft
- Bankwest – Business Zero Overdraft
Term Loan – Commercially Secured
- ANZ – Business Loan Variable
- Bankwest – Business Low Rate Loan
- NAB – Business Markets Loan Variable 180
- Suncorp Bank -–Business Essentials – Commercial 10
Term Loan – Residentially Secured
- Bankwest – Business Low Rate Loan
- Suncorp Bank – Business Essentials – Residential 1
Term Loan – Unsecured
- ANZ – Business Loan Variable
- NAB – Business Options Prime
