Home loans at 0 per cent interest. Find out here!
The homeowners have benefitted from a continuing slide in rates for borrowing since this country's policy makers drove their rate below zero in 2012.
With the rates continuing to sink, some other banks in Denmark are joining Nordea to provide this package. (Image: Creative Commons)
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Updated: Jan 8, 2021, 04:14 PM IST
Something that would surprise people in other parts of the world, banks in Denmark are offering 20-year home loans to the Danish citizens at a fixed interest rate of zero. Denmark has the longest history of negative central bank rates in the world. It stands out globally for having continued with it for a longer period of time than any other country in the world.