Best Home Loans: Canstar’s Home Loan Awards

It’s always imperative to compare home loan lenders and mortgage products. Whether you’re a first home buyer, a property investor, or a homeowner looking to refinance, you can potentially save thousands of dollars in fees and interest charges by securing the best value mortgage product for your home-buying needs.

To help Kiwi property purchasers choose the right home loans, each year Canstar’s expert research panel reviews all the main mortgage products in the market to discover those that deliver consumers Outstanding Value, and to reward the best lender with our prestigious Bank of the Year | Home Loans Award.

Bank of the Year | Home Loans: ASB

Congratulations to ASB, the winner of Canstar’s Bank of the Year | Home Loans Award 2025. The award recognises that ASB delivers mortgage products that combine the best features with the lowest costs, plus provides great customer service at every stage of the mortgage journey.

When awarding ASB our top home loans accolade, our research team noted the bank’s strong performance across the fixed-rate residential and investment mortgage profiles.

Not only does ASB maintain low fees and offer extremely competitive interest rates by swiftly adjusting its pricings when the mortgage market falls, its mortgage products also score highly in terms of their features.

Canstar’s Outstanding Value Home Loans

For this year’s awards, our team assessed 52 mortgage products from the following nine lenders:

Mortgages were rated across five different profiles:

Each home loan reviewed was awarded points for the array of features it offers. However the most important factor considered by our research panel was the mortgage product’s overall cost. The top-rated mortgage providers in each profile are the winners of our Outstanding Value Home Loan Awards:

Residential Home Loans

Below are the 2025 winners of Canstar’s Outstanding Value residential home loan awards:

Fixed Residential
	ASB
	TSB
Floating Residential
	Kiwibank
	The Co-operative Bank
Line of Credit Residential
	Kiwibank
	The Co-operative Bank

Investment Home Loans

Below are the 2025 winners of Canstar’s Outstanding Value investment home loan awards:

Fixed Investment
	ASB
	TSB
Floating Investment
	Kiwibank
	The Co-operative Bank

Outstanding Value Home Loan Lenders

Our research team also rewards the mortgage providers that offer overall value to borrowers across residential and investment lending. This year, two lenders earn our Outstanding Value Home Lender Awards across both types of lending:

In the market for a home loan? Canstar can help!

If you’re considering buying a property, Canstar can help make the process a little easier. In addition to our rankings and awards for Outstanding Value Home Loans, our free and easy-to-use comparison tool covers all the major players in the home loan market.

Not only does it help you quickly and easily find the products with the lowest rates, it also shows which lenders and mortgages have earned our prestigious Star Ratings, which are awarded on the basis of expert analysis. To compare rates hit this button:

Compare home loan rates for free with Canstar!

About the author of this page

Bruce Pitchers is Canstar NZ’s Content Manager. An experienced finance reporter, he has three decades’ experience as a journalist and has worked for major media companies in Australia, the UK and NZ, including ACP, Are Media, Bauer Media Group, Fairfax, Pacific Magazines, News Corp and TVNZ. As a freelancer, he has worked for The Australian Financial Review, the NZ Financial Markets Authority and major banks and investment companies on both sides of the Tasman.
In his role at Canstar, he has been a regular commentator in the NZ media, including on the Driven, Stuff and One Roof websites, the NZ Herald, Radio NZ, and Newstalk ZB.
Away from Canstar, Bruce creates puzzles for magazines and newspapers, including Woman’s Day and New Idea. He is also the co-author of the murder-mystery book 5 Minute Murder.