Denmark, 8/1 (AO Bureau): In a recent development Banks in Denmark, are providing 20-year home loans to the citizens at a fixed interest rate of zero. Denmark has negative central bank interest rates since 2012. It is longer than any other country.
Nordea Bank Abp can, a home finance company is providing such offers. The policymakers brought their rate below zero in 2012, the homeowners in the country have benefitted from a continuing slide in rates for borrowing.
Another bank Jyske Bank had started offering homeowners a 10-year deal at -0.5%, the world’s first negative interest rate home loan.