On Thursday 23 February, the Mozo Experts Choice Award for Home Loans and Personal Loans were announced with Auswide Bank named a winner in five categories which included:
- Low Cost Home Loan
For this category the Mozo judges assessed 325 variable rate loans for owner occupier borrowers making principal & interest repayments and identified Auswide Bank’s Basic Home Loan as one of the lowest cost for offering several different loan-to-value ratios.
- First Home Buyer Loan
First home buyers often have less than a 20% deposit, so for this category Mozo identified Auswide
Bank’s Basic Home Loan as one of the lowest cost variable rate loans for those looking for a 90% LVR
- Investor Home Loan
This award assessed the 195 products available for investors that offered both principal & interest and
interest only as an option with Auswide Bank’s Basic Home Loan offering one of the low cost Investment
home loan’s in market.
- Car Loan
To find the cheapest car loan for buying a new car, Mozo’s money experts combed through 83 different
personal loans and calculated the cost of a $30,000 new car loan including principal, interest, fees, and
charges repaid over 5 years. Auswide Bank’s competitive rates proved to be one of the best in in market.
- Used Car Loan
Mozo experts compared all car loans in their database to find the best-values loans for used car
borrowers with Auswide Bank awarded as one of the best value loans to customers.
The Mozo Experts Choice Awards recognise the top products and services in market that deliver unmistakable and exceptional value to consumers Australia-wide. The awards are judged by experts with more than 50 years combined experience in financial services who have assessed every publicly available product in Australia to determine the winners of each category.
This year the Home Loan category saw intense competition with 480 home loan products analysed between 98 different lenders, while our car loans were compared between over 85 other providers in market.
To find out more about our home loan options, chat to one of our experienced lending consultants or visit us in branch.
To find out more about our car loans chat to us in branch or apply online in under 20 minutes.