Personal Loan Lender of the Year crowned in Mozo Experts Choice Awards

Tuesday 22 November 2016

Article by Kelly Emmerton

The annual Mozo Experts Choice Awards winners were announced today, crowning Police Credit Union as Lender of the Year for consistent value across award categories.

Personal Loan Lender of the Year crowned in Mozo Experts Choice Awards

The awards analysed 169 personal loan products from 68 Australian financial institutions to find the best value products for Aussie borrowers across several categories, including personal loans, car loans and green loans.

Police Credit Union took out the top gong as Personal Loan Lender of the Year, having won awards across four must-have categories, including for both its used and new car loans, unsecured personal loan and excellent credit personal loan. It also had the highest average product ranking overall.

Other big winners in the awards included:

See the full list of Experts Choice Personal Loan Award winners here.

Finding the perfect personal loan

Interested in funding a renovation, buying a new set of wheels or heading off on an overseas trip? A personal loan might be in your future. Here are some tips on how to make sure you’re getting the most competitive deal:

  • Secure your loan.
  1. If you’ve got a valuable asset, like a house, a car or pricey household items, you may be able to put them up against your loan as security in order to snag a better interest rate.
  • Jump online

If you’re comfortable dealing with applications and repayments from behind your laptop screen, some of the best personal loan offers are to be found with online only lenders.

  • Bundle products

If you’re ready to apply for other products with the lender as well, like a credit card, home loan or savings account, or if you can bring them across from your old bank, your personal loan lender may give you a good deal for bundling products.

  • Compare your options.

Your first step when looking for a personal loan should be to research and compare what options are out there on the market. To make it easier, check out our personal loan comparison tool.

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