Merchant Finance offers first time home owners ‘zero deposit home loan’

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Merchant Finance Chief Executive Officer, Veilawa Rereiwasaliwa. Picture JOSEFA SIGAVOLAVOLA

Merchant Finance aims to make property home ownership an easy access for Fijians in years to come, after announcing one of its four new products today.

Merchant Finance, chief executive Veilawa Rereiwasaliwa, stated the “Zero deposit home loan” is for people who wanted to secure a home but didn’t have the funds

He noted a challenge faced by customers which is a deposit of 10 to 20 percent required by commercial banks in order to purchase a property.

“If you’ve identified a property that you like and you can make a repayment and you don’t have the deposit saved than you can come to us,” Mr Rereiwasaliwa said.

The new ‘zero deposit home loan’ is among four additional financial product service from Merchant Finance that will be announced in the months to come and launched in 2025