Jyske Bank will effectively pay borrowers 0.5% a year to take out a loan
A Danish bank has launched the world’s first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year.
Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned.
Continue reading...from Property | The Guardian https://ift.tt/2OPYOBY
via IFTTT
No comments:
Post a Comment