HomeView 2015 Media ReleasesCOBA welcomes report on personal loans

COBA today welcomed a report on Personal Loans by Canstar that found 37 out of 38 of the best personal and car loans are from customer owned institutions.

COBA today welcomed a report on Personal Loans by Canstar that found 37 out of 38 of the best personal and car loans are from customer owned institutions.

“This report is further evidence of the value of the customer owned banking model,” COBA CEO Mark Degotardi said.

“Our competitors talk about their aspirations to be better and about balancing customer and shareholder needs.  

“Customer-owned banking institutions are just getting on with the business of actually being better and actually putting our customers first.  Today's report shows how the customer owned model delivers five star value.”

“Canstar looks closely at the personal loan and car loan market to decide who gets a Five Star rating and they’ve identified customer owned banking as a market leader.

“Consumers looking for a personal loan should read the Canstar report and consider the wide range of customer owned banking options that are already serving four million Australians.

“Because our model has a singular focus on customers, our institutions offer market-leading customer satisfaction ratings, highly-competitive pricing and a strong community focus.”

The Canstar Online Database also shows that of the 195 personal credit cards subject to analysis, and excluding bonus, introductory and package rates, 19 of the 20 lowest rate personal credit cards on the market are offered by customer-owned banking institutions.

Media Release92.25 KB

For more information please contact:

Daniel McDougall, Senior Manager – Media and Communication

02 8035 8444 or 0407 637 541, This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

Customer Owned Banking Association is the industry body for credit unions, building societies, mutual banks and friendly societies.  See coba3.nexusone.com.au

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Media Contacts

Mick Gibb
Corporate Affairs Manager
P: +61 2 8035 8444
M: +61 423 149 494
Email Mickcontact-arrow

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