2025 Personal and Car Loans Awards

Canstar releases its
2025 Personal & Car Loans Awards and Green Personal & Green Car Loans Awards.

Released: 6 November, 2025

About this year’s awards

Canstar’s Personal and Car Loans Awards use our unique and sophisticated methodology, which leverages our Personal and Car Loans Award methodology combined with detailed pricing scenarios of everyday Australians.

There are three individual Awards that make up the Canstar Personal and Car Loans Awards:

• Outstanding Value Award — Personal Loans: awarded to outstanding value personal loan lenders across six unique scenarios

• Outstanding Value Award — Car Loans: awarded to outstanding value car loan lenders across six unique scenarios

• Outstanding Value Award — Excellent Credit Personal Loans: awarded to outstanding value lenders across two unique scenarios

For more information about our Award process, including each unique scenario assessed, you can read our Personal and Car Loans Award Methodology.

Canstar’s Outstanding Value Awards help you find green personal loans and green car loans that offer excellent value.

Our awards leverage Canstar’s unique Personal and Car Loan Awards methodology, which compares both the price and features of loans available to Australians.

To be considered for an award, the loan must be designed to fund the purchase of ‘green’ products. This includes items like electric or hybrid vehicles, solar panels or rainwater tanks.

It is important to know that Canstar rates the loan on its pricing and features as a credit product. We do not rate any ‘green’ or environmental claims made by the provider, so you can trust our awards are given based on merit rather than marketing. 

For more information about our award process and eligible ‘green’ products, you can read our Green Loan Award Methodology.

Congratulations to the Award winners

(Winners are listed alphabetically)

Australian Mutual Bank

Outstanding Value Award— Personal Loans

Australian Mutual Bank is a returning Award winner, receiving the Personal Loans Outstanding Value Award for its Unsecured Personal Loan, continuing to offer a competitive interest rate with a redraw facility, no extra repayment fees and no ongoing fees.

Australian Mutual Bank was formed in 1953 and the registered company name Australia Mutual Bank Ltd was created after the 2019 merger between Endeavour Mutual Bank and Sydney Mutual Bank. 

Bendigo Bank

Outstanding Value Award— Green Car Loans

Bendigo Bank’s Green Secured Personal Loan has picked up an Outstanding Value – Green Car Loans Award. In our assessment, the loan has maintained competitive interest rates, continuing to deliver outstanding value for borrowers. It is available to approved borrowers seeking to finance eligible electric, plug-in hybrid, hybrid and low emission vehicles, along with the flexibility to choose their repayment schedule and access to a free online redraw facility.

Established more than 160 years ago, Bendigo Bank claims to provide banking services to 1.9 million customers in Australia as part of the Bendigo and Adelaide Bank.

Great Southern Bank

Outstanding Value Award— Excellent Credit Personal Loans

Great Southern Bank has once again claimed an Outstanding Value Award for Excellent Credit Personal Loans, continuing to offer competitive unsecured Fixed Personal Loan rates. Borrowers can also make unlimited additional repayments with no prepayment penalty at loan amounts ranging from $5,000 to $100,000 in value.

Previously known as CUA (Credit Union Australia), Great Southern Bank is a customer-owned bank that was established in 1946.

Greater Bank

Outstanding Value Award— Car Loans

Greater Bank has maintained its Outstanding Value – Car Loans Award this year, performing strongly across all six car loans scenarios considered in the Award assessment. Its car loans offer competitive rates, no monthly or annual fees, advance pre-approval, and a range of loan options to suit different needs.

Established in 1924, Greater Bank is a customer-owned bank that is part of the Newcastle Greater Mutual Group, which was formed in partnership with Newcastle Permanent in March 2023.

Horizon Bank

Outstanding Value Award— Car Loans
Outstanding Value Award— Green Car Loans

Winning the Outstanding Value – Car Loans Award once again, Horizon Bank continues to deliver strong value for borrowers, offering competitive interest rates alongside flexible repayment options, and fast loan approvals.

Horizon Bank also took out the Outstanding Value – Green Car Loan Award this year, recognised for its Green Car Loan. Their Green Car Loan for new cars stood out as a low-cost option for eligible borrowers, offering a discounted fixed rate and no ongoing fees when financing a new electric or hybrid vehicle.

Based in the New South Wales south coast, Horizon Bank is a customer-owned bank with history dating back to 1964 when it was first founded as a credit union.

Liberty

Outstanding Value Award— Personal Loans
Outstanding Value Award— Excellent Credit Personal Loans

Winning the Outstanding Value – Excellent Credit Award for another year, Liberty Financial’s Unsecured Loan offers competitive rates and flexible terms to borrowers with Good or Excellent credit scores. With no hidden monthly costs or early repayment fees, customers have the added flexibility to pay off their loan sooner.

Liberty Financial has also been awarded the Outstanding Value – Personal Loans award for its low interest personal loan options. 

Liberty Financial is a non-bank lender that has been offering financial loans to Australians for more than 25 years.

MoneyPlace

Outstanding Value Award— Excellent Credit Personal Loans

MoneyPlace has been awarded the Outstanding Value – Excellent Credit Award. Assessed as delivering strong value for borrowers with Excellent credit, Moneyplace’s Unsecured Personal Loan stood out for offering competitive rates, flexible repayment options, and transparent fees, giving borrowers the ability to manage their loan without unexpected costs. 

MoneyPlace is a fintech non-bank lender owned and partnered with Liberty Financial.

Newcastle Permanent

Outstanding Value Award— Car Loans

Newcastle Permanent has won the Outstanding Value – Car Loans Award for its fixed-rate car loans. In our assessment, the bank’s loans stood out for offering competitive rates, no ongoing account keeping fees and the flexibility for customers to make additional repayments when needed, providing strong value for borrowers.

Newcastle Permanent is a customer-owned bank that was founded in New South Wales in 2003. 

Northern Inland CU

Outstanding Value Award— Green Personal Loans

Northern Inland Credit Union has secured an Outstanding Value – Green Personal Loans Award in 2025 for its Green Loan, introduced last year and recognised for its strong value and competitive rates. In our assessment, the loan stood out for no establishment or ongoing fees, making it a cost-effective option for borrowers looking to finance eligible environmentally friendly home improvements.

Founded in 1988 after the merger of three Tamworth based Credit Unions, Northern Inland Credit Union tailors its offerings for Australians looking for smart banking solutions.

OurMoneyMarket

Outstanding Value Award— Personal Loans
Outstanding Value Award— Excellent Credit Personal Loans

OurMoneyMarket has been recognised with the Outstanding Value – Personal Loans Award for the fifth consecutive year, and the Outstanding Value – Excellent Credit Personal Loans Award for the fourth consecutive year. In our awards assessment, OMM’s loans stood out for competitive rates and fees, offering options that meet a variety of borrower needs. Loans also feature flexible terms of one to seven years, with no account-keeping fees, prepayment penalties, or early exit fees, delivering strong value to customers.

People’s Choice

Outstanding Value Award— Personal Loans

People’s Choice has secured Canstar’s Outstanding Value – Personal Loans Award, reflecting  strong performance across our loan scenarios, driven by competitive interest rates and a strong feature set. Borrowers can pick from fixed or variable rate personal loans, with no monthly account-keeping fees and no penalties for extra repayments, making it easy to pay off your loan faster.

Plenti

Outstanding Value Award— Excellent Credit Personal Loans

Plenti has been awarded the Outstanding Value – Excellent Credit Personal Loans Award, recognised in our assessment for competitive rates, transparent fees, along with a 24-hour approval process. Its loans were assessed as offering strong value in the Excellent Credit scenarios, with features such as a redraw facility and easy-to-use application and loan management tools contributing to its high overall performance.

Police Credit Union

Outstanding Value Award— Green Personal Loans

Police Credit Union has retained its Outstanding Value – Green Personal Loans Award, offering competitive interest rates for borrowers looking to purchase and install solar energy products, such as solar panels, home battery systems, and solar water heaters. They have removed the upfront fee on their Solar Eco Loan, making it an even more accessible option and helping borrowers get started on their solar upgrades.

Police Credit Union was first established in 1970 to service South Australian police but now provides banking services to everyone as a credit union.

Queensland Country Bank

Outstanding Value Award— Green Personal Loans
Outstanding Value Award— Green Car Loans

Queensland Country Bank has retained its Outstanding Value – Green Personal Loans Award. Their Green Reno Loan continues to deliver strong value, with no deposit requirements, a redraw facility, and flexible terms, alongside competitive interest rates for borrowers funding sustainable home improvements or projects such as rainwater tanks, solar panels, battery packs and EV charging stations.

Queensland Country Bank has also picked up an Outstanding Value – Green Car Loans Award this year. In our assessment, the loan’s interest rate has become more competitive compared with last year, enhancing the overall value for borrowers looking to purchase a qualifying green vehicle.

RACQ Bank

Outstanding Value Award— Car Loans

RACQ Bank has been recognised with the Outstanding Value – Car Loans Award for the second consecutive year. The bank’s fixed-rate car loan was assessed as offering outstanding value to eligible borrowers through its competitive interest rates, flexible loan options, and no ongoing or additional repayment fees.

RACQ Bank is part of the Royal Automobile Club of Queensland (RACQ), a customer-owned institution that has been operating for over 117 years and claims to have over 1.7 million members.

Revolut

Outstanding Value Award— Personal Loans
Outstanding Value Award— Excellent Credit Personal Loans

Revolut has maintained its Outstanding Value – Excellent Credit Personal Loans Award, continuing to be an outstanding choice for those with Excellent Credit, thanks to competitive rates and no upfront fee. Revolut has also maintained its Outstanding Value – Personal Loans Award, delivering strong value across the credit profiles we assessed. Borrowers can receive quick online quotes and make unlimited extra repayments with no early exit fees or penalties, adding flexibility and convenience

Revolut is a global neobank and fintech company founded in 2015. It offers banking services, currency exchange, virtual credit and debit cards, personal loans and a variety of other financial services.

Teachers Mutual Bank

Outstanding Value Award— Car Loans
Outstanding Value Award— Personal Loans

Teachers Mutual Bank has been recognised with Canstar’s Outstanding Value – Personal Loans Award for the fourth consecutive year and Outstanding Value – Car Loans. Their loans are assessed as delivering strong value, offering no ongoing fees, the ability to make extra repayments, and the choice of fixed or variable terms. These features combine to provide flexible, cost-effective options for borrowers.

First founded in 1966 as a credit union, Teachers Mutual Bank now operates as a customer-owned bank and is one division of Teachers Mutual Bank Limited.

Uni Bank

Outstanding Value Award— Car Loans
Outstanding Value Award— Personal Loans

UniBank is new to our award assessment this year and has picked up Outstanding Value Awards for both Personal Loans and Car Loans. The bank’s loans delivered strong value across the credit profiles we reviewed, particularly through transparent fees and flexible repayment options. Its loans feature no ongoing fees, flexible repayment options (weekly, fortnightly, or monthly), and the ability to make extra repayments, making UniBank a strong choice for those seeking a personal or car loan.

UniBank is a banking institution designed for university students, staff and graduates and was founded in 1964. 

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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.

About: Josh Sale, Group Manager, Research & Ratings

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 X and Facebook.