Moneyfacts Annual Star Ratings 2020 – Unsecured Personal Loans announced

Anyone who is looking for the best deal when it comes to unsecured personal loans will be pleased to discover that the Moneyfacts Annual Star Ratings for 2020 have just been revealed.

Our latest Five and Four-Star Ratings for unsecured personal loan products highlight the very best products from across the whole of the UK marketplace.

Thousands of products are assessed by Moneyfacts on an annual basis, across 17 categories, from business and personal finance products to insurance and investment products. It is down to the extensive analysis of more than 2,000 data fields that enables Moneyfacts to award its Star Ratings every single year, helping to support consumers with their decision-making process.

A Moneyfacts survey in July 2019 illustrated that over three-quarters (77%) of consumers agreed that independent Star Ratings was an important part of choosing a new financial product. In addition, 91% of consumers confirmed that a Star Rating from an independent and impartial company, such as Moneyfacts, could influence their decision in which financial products to purchase.

Numerous features are considered when assessing unsecured personal loans ratings, and some of this information includes:

Samantha Owens, star ratings & personal finance analytics manager at Moneyfacts, said: “Finding an unsecured personal loan with a great rate is key, but ensuring it has the flexibility you need down the line is also essential.

“The Moneyfacts Annual Star Ratings for unsecured personal loans look behind the rate. They highlight the loans that offer the most features from the application process through to paying off the loan, while also looking at the features and charges applicable during the term of the loan, allowing individuals to filter down for their own needs.”

To see the full list of awarded products, please click here. There are many more 2020 Moneyfacts Annual Star Ratings to come.