CUA wins Most Popular Home Loan
8 June 2010
CUA’s Standard Variable Home Loan (‘SVHL’) has been named Most Popular Home Loan in the inaugural InfoChoice.com.au Popular Products Awards.
CUA Chief Executive Officer Chris Whitehead said the award recognises CUA’s ability to provide competitive products and services.
“We are committed to promoting competition in Australian banking. At a time when the Big Banks were increasing their rates, CUA cut its standard variable home loan,” said Mr Whitehead.
“Unlike the Big Banks, our profits don’t go to shareholders - they go to our customers in the form of better, more competitive products and services.”
InfoChoice Chief Executive Officer Shaun Cornelius explained that the Popular Products Awards recognise the most popular consumer banking products among the 150,000 monthly visitors to the InfoChoice website.
“In analysing the most popular consumer banking products last month, we found that all represent very competitive propositions in the market, however they were not offerings from the Big Four banks,” said Mr Cornelius.
CUA’s SVHL rate is 6.87 per cent which is 0.51 per cent lower than the average of the Standard Variable Rate loans of the Big Four banks.
