DNB lowers the interest rate on home mortgages
«We are lowering the interest rate on home mortgages by up to 0.35 percentage points for new and existing customers. There is now a great deal of uncertainty in the market. This means that the banks are still paying a higher price for their loans in the market than they did a few days ago, in spite of the interest rate cut from the central bank,” says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.
“Our main concern is to offer competitive prices and provide customers across the country with sound advice. We have also today made it easier for customers in a demanding situation to be granted an interest-only period, for example if they are temporarily laid off,” she adds.
Green home mortgages will have our best indicative interest rate of 2.54 per cent.
For existing customers, the change will take effect from 1 May 2020. Our new prices will apply from Tuesday 17 March. All customers whose interest rates will change, will be informed in the Internet bank or by mail about how this affects their loan.
For further information, please contact:
Even Westerveld, EVP Corporate Communications, tel. ( 47) 400 16 744
Rune Helland, head of Investor Relations, tel. ( 47) 977 13 250
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.