WeMoney announces Winners of inaugural Personal Loan & Car Loan Awards
Australia’s leading social financial wellness platform, WeMoney, has announced the winners of its inaugural awards for the Best Personal Loan and Car Loan Lenders in Australia.
The awards program attracted submissions from well-known lenders, including Wisr, NOW Finance, MoneyMe, Plenti, Loans.com.au and others, who battled it out to be recognised for the most competitive products in the market.
WeMoney ran the awards across 3 distinct categories; celebrating the best overall lender, alongside awards for best rates and fees, and outstanding customer service.
WeMoney Founder and CEO, Dan Jovevski said, “Throughout the last year, we have listened closely to what our members have to say about lending products and supported them on their journey to consolidate debt. The next step was for us is to recognise the best lending products and innovators in the industry, providing Australians with more confidence when it comes to comparing various loan options.”
Wisr took out the pinnacle of the award of the program for ‘Non-Bank Lender of the Year – Personal Loans’, recognised for balancing fees, quality features, positive user experience, great customer support, and an excellent level of trust.
Anthony Nantes, Wisr CEO, said, “We’re disrupting an entire industry by starting with a purpose to improve Australians’ financial wellness and helping our customers repay their loans earlier and faster with our financial wellness tools. By putting our customers first and providing access to smarter, fairer credit and encouraging them to pay down their debt faster, we’re going to build a company of significant size and scale. We aim to also have a major impact on the Australian community by simply always doing the right thing for our customers and acting in their best interest. Being recognised for this as the winner of WeMoney’s Non-Bank Lender of the Year Award is an incredible honour.”
NOW Finance won the award for ‘Excellent Rates & Fees’ for their personal loan product, recognised for exceptional value with their ‘no fees’ approach.
Richard Blumberg, NOW Finance Founder & CEO, said, “We pride ourselves as being Australia’s ‘no fee and none of the bank’ lender, and we’re rapidly becoming the most awarded too. To win the Excellent Rates and Fees award from WeMoney is particularly satisfying as it directly recognises the great value on offer to customers by having no fees on our product at all, whilst still providing market leading interest rates. The entire team at NOW Finance is dedicated to giving our customers the best possible personal loan and this award is fantastic recognition of that.”
The awards program was supported by a panel of independent judges with a diverse background across fintech, venture capital and lending. The judges included Lynda Coker (Entrepreneur in Residence, 1835i), Cam Sinclair (Director, Ammo Marketing) and Ben Ford (Head of Growth, Frollo).
As demand from WeMoney members to identify trusted brands continues to grow, there will be a broader set of awards launching throughout the coming months.
Full List of Winners of the 2022 WeMoney Personal Loan & Car Loan Awards:
Personal Loans
Non-Bank Lender of the Year
- Winner: Wisr
- Runner-up: NOW Finance
Excellent Rates & Fees
- Winner: NOW Finance
- Runner-up: Wisr
Outstanding Customer Service
- Winner: MoneyMe
- Runner-up: Wisr
Car Loans
Non-Bank Lender of the Year
- Winner: Loans.com.au
- Runner-up: MoneyMe
Excellent Rates & Fees
- Winner: Loans.com.au
- Runner-up: Plenti
Outstanding Customer Service
- Winner: Finance One
- Runner-up: Wisr
To learn more about the awards and winners:
