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Credit Union SA’s Car Loan ranks among Australia’s best value personal loans

28 Nov 2016

Credit Union SA’s Special Fixed Rate Car Loan has been named one of the country’s best value personal loans in the Mozo Experts Choice Awards, taking out awards in both the Car Loan and Secured Personal Loan categories.

This is the second year in a row that Credit Union SA’s car loan has been named by Mozo as one of Australia’s best value personal loans. “We take pride in offering our members fantastic value for money and products that deliver on their needs - and clearly that approach is continuing to prove a winning combination” said Credit Union SA CEO Grant Strawbridge.

“No one goes to work looking for accolades, but this independent validation by Mozo underlines why savvy consumers should try a Credit Union instead of one of the big banks, and enjoy innovative products and services, low fees and great interest rates, while helping to support community development initiatives,” he said.

"With over 169 personal loan products compared by our banking experts, to be awarded an Experts Choice Award is an indication of the overall value that this loan offers over competitor products in the market," said Mozo Director Kirsty Lamont. “It's a great time for consumers wanting to kick off big plans like buying a new car, taking a holiday or doing that long dreamed about home reno as interest rates are at record lows. But as the Awards results indicate, some loans are much better value than others depending on your borrowing needs and financial situation, so it's extremely important to shop around." Mozo analysed 169 personal loans from 68 providers to identify Australia’s most competitive personal loans across several categories including Car Loan, Secured Personal Loan, Unsecured Personal Loan and Excellent Credit Personal Loan.

About the Mozo Experts Choice Awards

The Mozo Experts Choice Awards are an initiative that recognises Australia’s best value products and helps Australians to save money by choosing better products. Experts Choice Awards are given to those products that represent the best value in their category. In carrying out the Mozo Experts Choice Awards in Personal Loans we analysed 169 personal loan products issued by 68 Australian financial institutions based on data contained in Mozo’s product database as at 1 November 2016. For the full list of winners and Awards methodology, visit Mozo's website.

About Mozo.com.au

Mozo compares 1,800 products from 200 banking, insurance and energy providers to help over 300,000 Australians find a better deal each month via its award winning comparison tools and calculators. Mozo is proud to partner with some of the country's biggest online publishers, making it one of the most visited comparison sites in Australia.

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