How we evaluate loans
Every offer on Finmart is rated with the same criteria, the same weights and the same sources.
Our criteria and weights
| Criterion | Weight | What we look at |
|---|---|---|
| Total cost of credit | 35% | Interest, initiation fee, monthly service fee and insurance for typical amounts and terms |
| Registration and compliance | 20% | NCR registration, a published legal entity, compliant quotes and agreements |
| Transparency | 15% | Whether fees and a representative example are published before you apply |
| Application and payout | 15% | How simple the online application is and how quickly approved loans are paid out |
| User feedback | 15% | Reviews left by Finmart users and how the lender handles complaints |
Where our data comes from
- The lender’s own website: pricing pages, FAQs, terms and conditions and representative examples
- Information our partners provide, checked against what they publish
- The National Credit Regulator’s register of credit providers
- Reviews from Finmart users
Where sources disagree, we show the figure the lender publishes to consumers and flag the offer for review.
How often we update offers
We review the conditions of every listed offer regularly and whenever a lender tells us about a change. Each page shows when its information was last updated. If you notice a figure that no longer matches the lender’s website, please let us know and we will check it.
Ratings and partnerships
Some lenders pay us a commission when you apply through Finmart. Commercial relationships may affect where an offer is placed on a page, but never the rating our editorial team gives it. Learn more on how we make money.