Canstar has awarded Queensland Country Credit Union with a 5-Star Rating on the New Car Loan product after comparing more than 250 similar loans across 75 financial providers nationwide.
Queensland Country’s New Car Loan was one of just 26 car loan products and services to receive the ‘5-Star Rating – Outstanding Value Car Loans’ when Canstar announced its latest ratings last week.
Queensland Country CEO Aileen Cull said that Credit Union was pleased to have received recognition because as a member-owned institution, there is a focus on providing genuinely beneficial products and services to Members.
“We are thrilled to have received the Canstar 5-Star Rating. To be recognised by such a well-respected body shows we’re providing people with something that can really help them achieve their goals.
“We’ve always prided ourselves on providing flexible financial solutions with low interest rates and features that matter like pre-approval for added bargaining power and the ability to factor all on road costs like insurance, registration and roadside assistance into the loan.
“As a Member Owned organisation we put our profits into providing better value for our Members and make sure that new products and services have tangible benefits.”
Canstar’s Personal Loan Star Ratings are determined using their proprietary methodology to compare price and features to measure and rank the overall value of personal loans.
“The key areas Canstar assesses are functionality, flexibility, the overall application process and any applicable fees and charges. To have been rated as one of the top products in the country against the criteria that matters most to us too is great news for Queensland Country but more importantly, great news for our current and future Members who take out the loan product,” Ms Cull said.
“Canstar is a consumer focused, trusted source for Australians to turn to when researching and comparing financial products. For Queensland Country to be recognised nationally for the value we provide to all Members is something to be proud of.”
Canstar’s Group Manager, Research and Ratings, Mitch Watson commented, “Queensland Country is recognised by Canstar for providing Australian consumers looking to purchase a new or used car with an impressive car loan option.”
“The combination of offering a competitively priced and well featured product has enabled the company’s New Car Loan product to pick up the Canstar 5-Star Rating for outstanding value. Some of the standout features of this product include the swift application process and provision of a switching facility, enabling customers to move between variable and fixed rates within the same product.”
Queensland Country is a Member owned credit union with 29 branches and two agencies across Queensland. Founded in Mount Isa in 1971, the organisation’s head office is based in Townsville.