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


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.