RACQ Bank takes out multiple national awards in 2023

The Bank won four individual Canstar awards including Outstanding Value – Personal Loan and Outstanding Value – Excellent Credit Personal Loan.

Assessed across 52 providers, the Canstar personal loan awards recognise lenders that provide exceptional value to borrowers through their suite of personal loan products.

RACQ Bank was also recognised as a leading green lender, winning Canstar’s Outstanding Value Green Personal Loan and Green Car Loan awards.

The two green awards recognise and celebrate financial providers who offer outstanding value on loans designed for environmentally friendly purchases such as installing solar panels on your home or buying an electric vehicle.

RACQ Chief Executive Banking Michelle Winzer said it was an honour to be recognised for offering outstanding value across lending products in 2023.

“The banking team are delighted to have won these awards and be acknowledged for our lending products in an extremely competitive market,” Ms Winzer said.

“We know it has been a challenging year for many Australians, especially with ongoing cost of living pressures, and we are proud to have offered exceptional value to our members during this time.

“We are also proud to offer a leading suite of green products that make it easier and more affordable for our members to live and move sustainably.

“We thank all of our hard-working teams who have gone above and beyond for our members throughout the year, from our people in-store, our mobile lenders to our operational teams –these awards are a credit to you.”

RACQ Bank also won three Mozo Experts Choice awards for its Low Cost Home Loan, Green Car Loan and Unsecured Personal Loan products.

Full list of RACQ Bank awards in 2023:

• WeMoney Customer-Owned Bank of the Year 2023 
• Mozo Experts Choice Low Cost Home Loan 2023
• WeMoney Lender of the Year (Customer-Owned Bank) Home Loans 2023
• WeMoney Best for Value Home Loans 2023
• Canstar Outstanding Value Green Personal Loan 2023
• Canstar Outstanding Value Personal Loan 2023
• Canstar Outstanding Value Excellent Credit Personal Loan 2023
• Canstar Outstanding Value Green Car Loan 2023
• Mozo Experts Choice Green Car Loans 2024
• Mozo Experts Choice Unsecured Personal Loans 2024
• WeMoney Lender of the Year (Customer-Owned Bank) Car Loans 2023
• WeMoney Excellent Rates & Fees Car Loans 2023
• WeMoney Best for Value Car Loans 2023

To find out more about RACQ Bank, visit: Banking | RACQ

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

The Personal Loan is available for new lending only. Personal Loan not available for loan applications made for debt consolidation purposes.

The Green Personal Loan is available for new lending only to purchase eligible items. Conditions apply.

The RACQ Bank Car Loan is available for new lending only.

RACQ Bank Green Car Loan is available for new lending only to purchase a plug-in electric car up to 12 months old.