Fiji Launches First Zero-Deposit Home Loan for First-Time Buyers

Merchant Finance Pte Limited has introduced Fiji’s first Zero-Deposit Home Loan Product, aimed at making homeownership more accessible.

Launched by the Honourable Minister for Housing and Local Government, Maciu Nalumisa, on January 30, 2025, this product offers:

Zero deposit for first home buyers.

Up to 90% financing for home construction loans.

Competitive interest rates for buyers with a combined income of $50,000 and below.

No compulsory cyclone insurance for the central division.

This initiative supports the government's efforts to improve housing accessibility.

One beneficiary, Naomi Navoce, a person with a disability, expressed her gratitude for the inclusive approach, highlighting how the loan has made her dream of homeownership a reality.

Merchant Finance plans to continue enhancing Fiji's financial landscape with new products and services.