For the best experience use inshorts app on your smartphone
Danish bank launches world's 1st negative interest rate home loan
short by Krishna Veera Vanamali / on 14 Aug 2019,Wednesday
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.
short by Krishna Veera Vanamali / 08:15 pm on 14 Aug
For the best experience use inshorts app on your smartphone