Winners announced in the Mozo Experts Choice Awards for personal and car loans

By Gabriella Margerison ·

Whether you’ve had your sights set on a new set of wheels, renovating your home, taking that road trip around the country or perhaps consolidating your debt into a low rate repayment, now might be the time to consider getting yourself a personal or car loan to reach those financial goals.

But where do you begin? With so many options out there, shopping around can be daunting, but comparing loans is a must! So a great place to begin your search are with the winners of the Mozo Experts Choice Awards for personal and car loans.

“We compared a massive 334 personal lending products on offer from 88 Australian financial institutions and found a vast difference in interest rates from provider to provider,” said Peter Marshall, Mozo Experts Choice Awards judge. 

“Our in depth analysis highlighted why it is so important to shop around, and with a myriad of smaller online lenders out there competing for your business, you could be paying more than you need to by not comparing your options beforehand.”

Personal Loan Provider of the Year

The crown for Personal Loan Provider of the Year has been awarded to Australian Military Bank for their exceptional offerings in the personal and car loan market. But, don’t be fooled by the name. Australian Military Bank brings all Aussies, not just military families, a great array of loan products for borrowers with a great credit history.

Best New Loan Product

New on the scene, Alex is building a bank with a no fuss, better value approach to money. Their first product available to Australians is a competitive Personal Loan which took out this year’s Best New Loan Product Award. With competitive rates and no sneaky catches, our judges were proud to name this newbie a stand out in these awards.

Award Winning Personal Loans

Personal loans come in all shapes and sizes, so it’s imperative that you look at what your needs, budget and goals are before you begin. Out of the hundreds of loans our judges assessed, there were several standouts who took out awards in various categories including unsecured, secured and green personal loans. Some of the winners included; ING, MOVE Bank, Endeavour Mutual Bank, Our MoneyMarket and more.

Award Winning Car Loans

Purchasing a new car can be a big investment, and whether you want some brand new wheels or a second hand set, it pays to shop around for a great finance deal. Some of the contenders that were awarded in this field included; Beyond Bank, Loans.com.au, Hunter United, Qudos Bank, Police Credit Union and more.

For all the details on how our Mozo judges picked the winners, take a look at the awards criteria in the methodology report.

Gabriella Margerison
Copywriter

Gabby writes about all finance categories here at Mozo. From detailed stories about the latest products in the market to short and snappy money tips delivered straight to your inbox, she loves nothing more than finding you ways to think smarter about money! Gabby graduated from Macquarie University with a Bachelor of Communications. When she’s not sifting through the latest findings in the money world, you can find her sifting flour for her hobby cake business.