Home Loans Star Ratings

10 loans rated 5 stars

across 58 loans from 10 providers

Loans assessed across:

  • Investment Fixed
  • Investment Floating
  • Line of Credit
  • Residential Fixed
  • Residential Floating

Home Loans Star Ratings

5 star providers are:

  • ANZ
  • ASB
  • BNZ
  • Kiwibank
  • Sovereign

Current highest, lowest & average home loan rates on canstar.co.nz – Residential

Fixed rate – number of years
Standard Variable 1 2 3 4 5
Average 5.62% 4.53% 4.64% 4.89% 5.09% 5.21%
Min 5.45% 4.15% 4.25% 4.64% 4.89% 4.99%
Max 5.85% 4.85% 4.99% 5.25% 5.35% 5.40%

Source: www.canstar.co.nz. Based on $300,000 home loan.

Current highest, lowest & average home loan rates on canstar.co.nz – Investment

Fixed rate – number of years
Standard Variable 1 2 3 4 5
Average 5.66% 4.53% 4.64% 4.89% 5.09% 5.21%
Min 5.45% 4.15% 4.25% 4.64% 4.89% 4.99%
Max 6.09% 4.85% 4.99% 5.25% 5.35% 5.40%

 

Source: www.canstar.co.nz. Based on $300,000 home loan.

Savings icon

How much could you save by shopping around? Based on a 25 year, $300,000 loan, every 25 basis point reduction could save you around $45 per month…

Interest rate Monthly repayment
4.25% $1,625
4.50% $1,667
4.75% $1,710
5.00% $1,754
5.25% $1,798
5.50% $1,842
5.75% $1,887
6.00% $1,933

 

 

Type of home loan CANSTAR visitors look for:

20% - Floating rate
17% - 1 year fixed rate
23% - 2 year fixed rate
17% - 3 year fixed rate
13% - 5 year fixed rate

Based on analysis of visitors to canstar.co.nz home loan selector tables in March 2016.

What CANSTAR visitors search when they look for a loan:

43.5% - First Home Buyer
45.0% - Refinance
7.0% - Investor
4.5% - Building

Based on analysis of approx. 13,000 visitors to canstar.co.nz home loan selector tables over past 12 months.

5-Star Award Winners

Residential and Investment Floating
BNZ wins Canstar award
Kiwibank wins Canstar 2017 Award
Residential and Investment Fixed
ASB
Line of Credit
Outstanding Value Award Winner
ASB