Value for money

RACQ Bank receives five 5-Star ratings from Canstar for delivering value home loans in 2019.

RACQ Bank has been awarded 5-Star ratings from Canstar, Australia’s biggest financial comparison site, for delivering value home loans to its members.

The awards were released last month in Canstar’s 2019 Home Loan Star Ratings research which highlight the top providers offering outstanding value in terms of price and features to their customers.

Canstar awarded 26 home loan lenders with an overall 5-Star Rating.

RACQ General Manager Sales and Distribution Bank James Gentle said it didn’t surprise him that the Big Four banks weren’t listed.

“In light of the findings from the Royal Commission, which were centred around the distrust and misconduct of some in the industry, it’s easy to understand why Australians are looking for alternatives to the Big Four and customer owned and mutual banks like RACQ Bank are providing this,” Mr Gentle said.

“Buying property is a balance between your head and your heart.

“Queenslanders are looking for more than just a home loan, they are looking for finance partner they can trust and that’s where we come in.

“We want members to experience that same ‘yellow truck feeling’ they feel with our Roadside and Insurance teams.”

RACQ Bank CEO Michelle Bagnall said being awarded five 5-Star Ratings by Canstar for RACQ’s home products shows it's possible to put people before profits and still deliver great value products.

“I don't make any secret of the fact that I'm excited about what RACQ Bank can do for Queenslanders,” Ms Bagnall said.

“We're different from other banks because we are RACQ.  It's helping our members get ahead and reach their financial goals and dreams that matters most to us, not profit margins.”

RACQ Bank was awarded:

  • 5-Stars for Outstanding Value – Home Lender
  • 5-Stars for Outstanding Value – Fixed Home Lender
  • 5-Stars for Outstanding Value – Investment Home Lender
  • 5-Stars for Outstanding Value – Investment Variable Home Lender
  • 5-Stars for Outstanding Value – Investment Fixed Home Lender.

 

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