Finder makes money from featured partners, but editorial opinions are our own.
Finder’s personal and car loan awards methodology – 2023
Here’s how we evaluated all the loans in our database to determine the winners in Finder’s personal loans awards.
What are the Finder personal loan awards?
Finder's personal loan awards are part of the annual Finder awards program. We evaluate personal loans from across the market by looking at interest rates, loan fees and features to find our award winners.
Our personal loan awards research in numbers
Our pricing research in numbers
250
Number of personal loans assessed
300
Number of car loans assessed
3
Categories awarded
Finder's personal loan awards criteria
Our selection criteria differ slightly for each award category:
Loan type. We have separate award categories for secured and unsecured personal loans as well as car loans.
Interest rates. We scored each loan on the competitiveness of their interest rates.
Interest rate increase. We assessed each loan based on how much the interest rate had increased by over the last 12 months.
Fees. We score each eligible loan by weighing up the cost of both establishment fees and monthly fees. Extra fees, such as early repayment fees, were accounted for in the event of ties.
How the award winners are determined
Methodology: How we chose our Finder Car Loan Award Winners
Here's how our expert analysts assessed the Best Car Loan category to pick the 2023 winner.
Selection criteria
Broker loans excluded
Peer-to-peer loans excluded
Refinance loans excluded
Rates above 10% excluded
Presumptions
Tiebreakers are ranked by the lowest interest rate.
Only the highest rating product from each provider will be considered.
Weighting
Interest rate: 80%
Monthly fee: 10%
Application fee: 10%
Methodology: How we chose our Finder Personal Loan Award Winners
Here's how our expert analysts assessed the Best Personal Loan category to pick the 2023 winner.
Selection criteria
Broker loans excluded
Peer-to-peer loans excluded
Special use loans excluded
Member only loans excluded
White label loans excluded
Presumptions
Tiebreakers are ranked by the lowest interest rate.
Only the highest rating product from each provider will be considered.
Weighting
Interest rate: 70%
Monthly fee: 15%
Application fee: 15%
Customer Satisfaction Awards Methodology
The Finder Customer Satisfaction Awards recognise Australia's favourite brands across a huge number of categories. We survey thousands of real Australians to understand how they feel about their recent product purchases to help you make a decision about what product to get. It's an independent awards program calculated by our data and insights team. Commercial partnerships do not influence the results in any way.
Consumers were asked to review a range of products they purchased recently.
The recency period varied between 3 months to 3 years, depending on the product category.
We got a minimum of 45 responses for each provider. We asked a total of 687 customers.
Respondents were asked whether they would recommend the payday advance app to a friend and to give an overall rating.
Customers were also asked how they would rate each provider on a scale between 1 and 5 and in terms of:
Features and benefits
Customer service
Ease of application
Fees and interest rates
Overall
The final brand score is an average of all these individual ratings. Disclaimer: While we endeavour to assess the majority of product providers in the market, this is not always possible and it may be that not every product or brand in the market was included for judging.
Why compare personal loans with Finder?
We're free
Our personal loan comparison is completely free to use. There are no costs at all for you to use our database to find a better deal. Better still, we regularly run exclusive deals that you won't find on any other site.
We're experts
We've researched and reviewed hundreds of loans as part of our Finder Awards. Our database and tables are always up-to-date and our in-house experts regularly appear on Sunrise, 7News and SBS News.
We're independent
We are independently owned and have a mission to help Australians make better financial decisions. That means our opinions are our own and you can compare nearly every personal loan in Australia (and find a better deal).
We're here to help
Since 2014, we've helped 300,000+ people find a personal loan by explaining your options simply. You don't need to give us any details to use our comparison. We're here to help you make a decision.
Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds an ASIC-recognised Tier 1 Generic Knowledge certification.
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Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan and read any disclosure documents (such as any Target Market Determination (TMD) and/or Product Disclosure Statement (PDS)) issued by the provider before making a decision.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
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