NZCU Baywide has topped the Canstar personal loan ratings. PHOTO/FILE
Hawke's Bay-based NZCU Baywide has topped the latest Canstar personal loan ratings for its secured and unsecured personal loans, awarded Canstar 5 star ratings following a review of 30 loan products from 10 providers.
A Canstar 5-star rating represents a high-value product that is in the top 10 percent of
products in its category.
Canstar compared all types of secured and unsecured personal loans across an array of characteristics such as purpose, pre-approval availability, security requirements, deposit requirements, repayment capabilities and channels of availability.
Baywide's general manager of sales, marketing and channels Andrew Quayle said Baywide's "simple" approach to personal lending made it easier for borrowers "and where possible offering a lower interest rate than a lot of competing banks and credit/store cards".
"The outcome is New Zealanders having more money in their pocket each week," he said.
