Auswide Bank has been awarded a five-star rating from Canstar on its Freedom Package home loan products.
The non-major received the outstanding value accolade for both its residential and investment variable home loans with the Freedom Package.
The Home Loan Star Ratings Report looks at over 100 lenders and over 1,000 loan products to determine which providers and products offer outstanding value for borrowers.
Martin Barrett, managing director of Auswide says he is very excited about receiving this independent assessment and ranking.
“With the majority of home loans in Australia on variable rates, it proves that Auswide Bank is providing a competitive, if not superior, home loan offer compared to the bulk of our competitors, including most of the major banks,” he said.
“The fact that the rating is determined on both price and features is very important as too often new borrowers sacrifice flexibility and the ability to make loan savings for the cheapest interest rate.”
