Queensland Country Bank has been crowned in the Mozo Experts Choice Awards as offering one of the best packaged home loans in Australia for 2022.
Mozo Banking Expert and Awards Judge, Peter Marshall, said the judges assessed 64 products, then identified those that were the lowest cost options where the borrower could also get a credit card and bank account that doesn’t charge any account keeping fee with that same provider.
“Across all the financial products Mozo assesses for the awards, our aim is to highlight the best value and highest quality options available to Australians. Armed with this insight, consumers can then investigate what might suit them and their financial circumstances,” he said.
“Mozo’s Packaged Home Loan award category looks at how home loan rates and fees compare, but if you're going to pay a fee for a package, the Mozo judges believe the bank should at least offer you fee-free everyday banking and a credit card with no annual fee.
“Queensland Country Bank being selected as a winner for this particular award demonstrates that they would be a great place to get good value across all your everyday banking needs.”
Queensland Country Bank Chief Executive Officer, Aaron Newman, said the organisation’s strong Member focus helped them to create a value driven product which not only caught the judges’ attention, but has been well received in the market place and helped get more Queenslanders into their own homes.
“Being member-owned enables us to keep our fees low, and the Ultimate Home Loan Package was specifically developed to help people reach their financial goal of home ownership sooner.
“We agree with Mozo that a loan package absolutely should come with a fee-free everyday banking account and credit card, but we also deliberately make it easy for our Members to reduce the amount of interest paid over the lifetime of the loan.
“Our home loan package offers a choice of both fixed and variable options and includes a number of features such as a 100 per cent mortgage offset account, ability to make extra repayments without penalty, and redraw facility for owner-occupiers should they need it.
“We genuinely want our Members to pay off the loan sooner, because that’s valuable savings back in their own pocket, not the bank’s. It’s all part of the difference of being member-owned.”
Mr Newman said the award recognition and listing on one of Australia’s most visited price comparison sites was confirmation that Queensland Country Bank was offering genuine products and services to benefit Members.
“We are very proud of the accolades for the Ultimate Home Loan Package, particularly as the awards are independently reviewed and assessed with no commercial input.
“Many consumers automatically consider the major banks for loans without realising that mutuals can provide a genuine lending alternative, so being listed on Mozo.com.au is a great way for us to reach more people who could benefit from our member-focussed products and services.”