Perhaps of all the loan comparison websites in operation today, Canstar has the greatest weight both with lenders and consumers.
With regards to credit products, you can use their site to find and compare home loans, car loans, personal loans and credit cards.
Value versus interest rates
With Canstar’s star ratings, you’re not looking at the lowest interest rates only – you’re looking at overall value for money and that’s absolutely unique with no other website offering such an in-depth rating system.
Their expert team
Canstar employs up to 80 people who all play a big part in making it the massive influence and reputable site that it is.
According to their website, Canstar’s sales and research teams are kept separate and are completely independent of one another from an interest point of view.
This is to ensure that the comparison tables on Canstar’s site are kept unbiased and accurate with the consumer at the heart of it all.
Canstar is a comparison site and does not offer credit, nor do they list and award lenders and products based relationships and financial gain – they simply list, compare and award lending products based on value.
Canstar actually began their operations before the advent of the internet some 25 years ago with members of their team physically going from bank to bank to gather and deliver data – now that’s remarkable!
What you can compare
With Canstar you can compare over 16,000 financial, insurance and wealth products online in just seconds. This include car loans, debt consolidation loans and everything in between.
When it comes to transparency no one can beat Canstar. Not only do they go into detail about how they make money as a company but they publish their starring methodologies online for consumers and lenders to consider.
Check the data for yourself
Another important consideration is that any data found on their site can easily be referenced and validated against the lenders own data – whether we’re looking at a home loan or a quick loan from their personal loans listing.
Canstar Loan comparison
- Loan Type Loan comparison
Benefits of Canstar
- Australias largest comparison site
- Compare loans and credit cards online
- Find the best deals
Compare personal loans, credit cards and more
To make use of Canstar’s loan comparison tables is 100% free. All you have to do is visit their site and choose a category (from home loans to car loans and credit cards) and you will then be asked to give some information to narrow down the search.
The narrowing will ensure that only the most suitable long or short-term loans are displayed – by Canstar rating and thereafter alphabetically.
Apply for credit online
One of the things that borrowers are often curious about is whether the lender they’ll choose will allow them to complete an online loan application rather than go into a branch.
Although Canstar’s ratings and listing do not mention this – almost all their lenders now have online application capability.
Forget about interest rates
One of the things that many people seem to ignore is the fact that a low advertised interest rate – or even a low interest rate in general, can mean absolutely nothing to you as the borrower.
Why is this?
When you compare a loan or credit product you need to consider what you are getting in terms of value in addition to the interest rate, annual fees and any other charges you’ll incur.
There is absolutely no point in paying a low-interest rate if the lender will then charge you the equivalent, if not more, in the form of fees. That is why the value is simply so much more important that the interest rate.
Here’s a full list of financial categories:
- Home Loans
- Vehicle Loans
- Personal Loans
- Credit Cards
Eligibility & requirements
We follow a certain criterion when accepting applications. Only Australian citizens or permanent residents can apply, and proof of address is needed. Prospective clients have to be legal adults who are earning an income, thus unemployed individuals cannot be considered for our services. We do complete a credit check to ensure that our clients have a good credit history or are not bankrupt.
As soon as the application and relevant documents are received, you hear back from our staff and the approval process starts to happen.
Canstar is a trusted & reliable provider of loan comparison
In our review, Canstar adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, as well as the National Consumer Credit Protection Regulations 2010, where the granting the loan will not cause financial distress to the consumer.
Canstar is a registered credit provider in Australia; ACL 437917
Customer Reviews & Testimonials
If I had to choose again, I would definitely choose Canstar, I am super impressed by their services
— Sydney —
Everything was basic; I mean the application itself and the approval process. It was not time-consuming like I expected.
— Perth —
’The staff was very nice. I kept calling them for information and I always received a patient and lengthy response. They made sure that I was satisfied.
— Sydney —