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Housing Authority offers new loan

October 12, 2017 5:49 pm

In a bid to make home ownership affordable for all Fijians, the Housing Authority has introduced a new home loan facility.

Chief Executive, Dr Punit Sethi says the facility will offer Fijians a 3.95% per annum interest rate fixed for 1 year and a 4.20% fixed for 4 years.

Dr Sethi says single applicants or joint applicants with an annual income or household income of $50,000 or less and are first time home owners, qualify for this scheme.

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He adds the new home loan package will supplement the Authority’s “one stop shop” concept of offering the complete home loan solution.

The package allows for construction and purchase of house and refinancing of loans from other lenders.

Dr Sethi says customers purchasing lots and constructing houses from our subdivision will also qualify provided they meet above criteria.

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