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Mutual bank named as Australia’s best home lender

by Staff Reporter7 minute read
The Adviser

Newcastle Permanent Building Society has Australia’s best home loan products, according to Canstar.

The comparison website awarded 18 five-star ratings to Newcastle Permanent.

Canstar researched 1,869 home loan products from 103 providers for the study.

Newcastle Permanent received the top rating for two variable rate products: Discounted Real Deal and Premium Plus.

The Premium Plus Residential Fixed product received top marks in the one-year category, the two-year category, the three-year category and the five-year category.

The Residential Fixed product received five stars in the one-year category, two-year category and three-year category.

Newcastle Permanent also received top marks for eight of its investment products and one revolving line of credit product.

Canstar also awarded 11 five-star ratings to NAB, nine to IMB Building Society, eight to ANZ and eight to ING DIRECT.