We’re delighted to announce that NOW Finance has been recognised for the second year running at this year’s Mozo Experts Choice Awards, receiving accolades for its personal loan products in each of Best Secured Personal Loan and Best Unsecured Personal Loan categories.
Founded in 2008, Mozo is one of Australia’s leading financial services comparison websites, providing practical money tips and expert analysis, and allowing Australians to assess some 1,800+ products from over 180 providers in a number of core categories.
“Mozo keeps track of thousands of products in banking, energy and insurance. We use our knowledge and experience to evaluate products that offer incredible features and great value to customers. NOW Finance has been awarded best secured and unsecured personal loan in the Mozo Expert Choice Awards, showing the company’s commitment to offering affordable products to customers,” says AJ Duncanson, Mozo Data Director. “These award wins reflect the competitive rates of NOW Finance secured and unsecured personal loans.”
Mozo experts assessed 338 personal loans from 82 Australian financial institutions to determine the winners. The secured and unsecured personal loan awards were calculated based on a $10,000 loan repaid over 3 years.
Success at the Awards caps off a productive 18 months for NOW Finance. The Australian-owned FinTech has continued to consolidate its stronghold in the personal loan market as a leading alternative to the major banks, providing personal loans to consumers looking for convenient, value for money and hassle-free personal finance solutions. It’s a view clearly shared by investors, with the company’s second ABS transaction executed in July this year strongly supported by banks and institutional investors keen to place funds in a diversified and stable asset class with significant excess spread and opportunity for growth.
Says NOW Finance CEO, Richard Blumberg, “Recognition from a trusted operator like Mozo is fantastic. Our success at the Awards reflects the positive and market-leading changes we have been making in the business over the past 18 months. The fact that we’re the only provider in the market that doesn’t charge any fees, ever, on any of our loans has been a really great way of distinguishing ourselves from the rest of the market, and the banks in particular”.
He adds, “Our success has been underpinned by our commitment to greater transparency and putting customers first. I’m extremely proud to be part of an organisation where the team is always striving to do better. These awards are a great endorsement of that dedication.”
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