DNB cuts mortgage rates

DNB is reducing its indicative interest rate on home mortgages to customers under the age of 34 and SAGA customers to 2.65 per cent, while the interest rate on ordinary mortgages in excess of NOK 2 million will be cut to 2.90 per cent.

“We are reducing mortgage rates for new and existing customers, and interest rates are now at historically low levels. This will benefit all loan customers, while customers with deposits in the bank will earn less interest,” says Trond Bentestuen, head of Personal Banking Norway.

After the reductions have been implemented, DNB’s indicative mortgage rate will be 2.65 per cent on home mortgages to customers under the age of 34 and SAGA customers, and 2.90 per cent on ordinary home mortgages in excess of NOK 2 million. The new prices will be effective immediately for new loans and from 23 August for existing loans.

Contact:

Even Westerveld, Executive Vice President Communications, Phone: +47 400 16 744