Money money money! Everyone wants money. There’s nothing better than to be able to get a loan
with the lowest interest rate. It’s basically like getting free money! Interest on a loan determines how much your monthly payment will be, and it also determines how much it costs you to borrow money for a big purchase like a home (mortgage), a car, a boat, or any other large purchase. Loan interest rates are determined by the countries central bank funds rate. This is the rate that the banks are able to borrow the money from the country itself. The lower the central bank funds rate, the lower the interest rate is on your mortgage or student loan.
Below we put together a list of the countries with the absolute lowest central bank interest rate from the Global Interest Rate Monitor (GIRM). Getting a loan from these countries may be one of the smartest decisions to make when thinking about a big purchase. If you’re thinking of moving out of your current country, and don’t have a lot of money, going to a country with a low interest rate will make it easier for you to borrow money to start your new life!
