2026 Outstanding Value
Personal Loans
BNZ is the winner of an Outstanding Value Personal Loan Award for its:
- Advanced Personal Loan
The BNZ offers a standard variable interest rate to all its personal loan customers.
Personal Loans Awards
Canstar's experts reward the personal loan providers delivering the best to Kiwi borrowers.
Outstanding Value Personal Loan Awards
Our awards reveal the personal loan providers that deliver the best value for Kiwi borrowers. Winners are listed alphabetically:
2026 Outstanding Value
Personal Loans
Harmoney is the winner of an Outstanding Value Personal Loan Award for its:
- Unsecured Personal Loan
Across the credit rating band: A1-A5.
2026 Outstanding Value
Personal Loans
The Co-operative Bank is the winner of an Outstanding Value Personal Loan Award for its:
- Unsecured Personal Loan
Across two credit rating bands: A++ to A | B+ to B
Outstanding Value Car Loans Awards
Our awards reveal the car loan providers that deliver the best value for Kiwi borrowers. Winners are listed alphabetically:
2026 Outstanding Value
Car Loans
Harmoney is the winner of an Outstanding Value Car Loan Award for its:
- Secured Car Loan
Across the credit rating band: A1-A5.
2026 Outstanding Value
Car Loans
The Co-operative Bank is the winner of an Outstanding Value Personal Loan Award for its:
- Unsecured Personal Loan
Across two credit rating bands: A++ to A.
Note: The Co-operative Bank permits its unsecured loans to be used for vehicle purchases.
2026 Outstanding Value
Car Loans
Unity is the winner of an Outstanding Value Car Loan Award for its:
- Secured Personal Loan
Across the credit rating band: Green.
2026 Outstanding Value
Car Loans
Westpac is the winner of an Outstanding Value Car Loan Award for its:
- Electric Vehicle Loan
Westpac offers a standard variable interest rate to all its EV loan customers.
Outstanding Value Personal Loans Awards Methodology
What are Canstar’s Outstanding Value Personal Loans Awards?
Our Outstanding Value Personal Loans Awards recognise the lenders that deliver the best cost and features to consumers in New Zealand. The research encompasses two type of borrowers:
- Those using personal loans to finance or refinance scenarios such as debt consolidation or holidays.
- Borrowers using personal loans to finance motor vehicle purchases.
Which loan providers do we survey for our ratings?
Outstanding Value Personal Loans Awards: loans from the following providers were included in our award research: ANZ, ASB, Avanti, BNZ, Gem, Harmoney, Heartland Bank, Lending People, MTF Finance, Nectar, The Co-operative Bank, Unity and Westpac.
How do we determine our award winners?
For our Outstanding Value Personal Loans Awards, our expert research team uses a sophisticated rating methodology to assess the cards that deliver the best value and features across two borrower profiles:
- Personal loans: loans must be available for either debt consolidation (excluding loans exclusively for debt) or holidays and be available for $15,000 for a loan period of three years.
- Car loans: loans must be available for car purchase and be available for $30,000 for a loan period of five years.
Numbers Crunched
13Personal loan providers assessed
27Personal loans rated
35Car loans rated5Loan providers awardedAbout Canstar's Personal Loans Awards
Canstar's personal loans awards reveal the loan providers that deliver the best products and value for money to Kiwi personal loan customers.
FAQs about Canstar's personal loans awards
Across our financial services awards, Canstar's expert research team reviews the overall value offered by providers. It considers metrics such as price and costs against features and functionality, using a unique research methodology for each award. The products or providers recognised as winners are those that offer the highest overall value propositions.
Canstar recognises financial institutions with annual awards for outstanding value across a wide range of product categories. These awards are given to the providers whose products are the strongest overall performers in our Star Ratings over the award period.
Canstar's Customer Satisfaction Awards are for providers, recognising institutions with the most satisfied customers overall. The awards are based on consumer surveys encompassing thousands of everyday Kiwis across the country.
Canstar compares hundreds of brands and products across multiple finance and household services categories, including banking, insurances and KiwiSaver, as well as energy, broadband and mobile.
Each of Canstar's Star Ratings and Awards uses a unique methodology – created by our expert research team – that analyses products based on price and features.
You can find out more about how Canstar's value-based rating system works here.
As Canstar's Group Manager, Research & Ratings, Josh Sale is responsible for the methodology behind Canstar's diverse suite of Star Ratings and Awards and leads the teams that deliver them. With a background in economics and finance and a Master's in data science, Josh has spent the past ten years building ratings that help connect consumers with the right product for them.
Josh is passionate about helping consumers get hands-on with their finances. Josh has been interviewed by media outlets such as the Australian Financial Review, news.com.au and Money Magazine.
You can follow Josh on LinkedIn, and Canstar on X and Facebook.
Bruce Pitchers is Canstar's NZ Editor. 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 including Woman’s Day and New Idea. He is also the co-author of the murder-mystery puzzle book 5 Minute Murder.
