Danish bank launches world's 1st negative interest rate home loan

Denmark's third-largest bank, Jyske Bank, has launched the world's first negative interest rate home loan, where the charge is -0.5% a year. This means that Jyske Bank will effectively pay borrowers 0.5% a year to take out a loan. Borrowers will make monthly repayments but the amount outstanding will be reduced each month by more than what the borrower paid.