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As of October 2023, interest rates in New Zealand can vary significantly depending on the type of loan and lender. The official cash rate set by the Reserve Bank of New Zealand influences these rates, which generally range from around 5% to 7% for home loans. It's advisable to check with specific banks or financial institutions for the most current rates, as they can change frequently based on economic conditions. Additionally, promotional rates or special offers may be available for new customers.

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1w ago

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