Money magazine Comments - Best of the Best 2017: Cheapest Personal Loans Police Bank and Liberty have taken out Money's Best of the Best Awards for cheapest personal loans. https://www.moneymag.com.au/feed/latest?story=141397027 Sat, 10 Dec 2016 17:08:54 +1100 Sat, 10 Dec 2016 17:08:54 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Best of the Best 2017: Cheapest Personal Loans https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Grant Nicholson ()

How about Bank Australia's variable personal loan? Currently 7.89% and it actually drops when the RBA Cash Rate drops too, was this considered in your awards?

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]]> Grant Nicholson () Sat, 10 Dec 2016 17:08:54 +1100 Comment by Money ()

Hi Grant,

All personal loan products were considered for this category, although promotional rates were ignored.

The winners were ranked by cost of repayment of an unsecured loan of $10,000 over three years, based on 50 per cent advertised fixed and variable rates and 50 per cent average six-month historical fixed and variable rates (average taken if range applied) and fees.

- Money team

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]]> Money () Mon, 12 Dec 2016 08:02:43 +1100