CREDIT institution Merchant Finance PTE Limited has been included into the Fiji National Provident Fund’s (FNPF) approved panel lender under its Housing Withdrawal Assistance.
The FNPF made the announcement yesterday describing this strategic partnership as a significant step forward in empowering more Fijians to realise their dream of homeownership through improved access to innovative and inclusive housing finance solutions.
As an FNPF-approved lender, Merchant Finance is now positioned to facilitate seamless access to FNPF Housing Assistance for both new and existing customers.
FNPF chief executive officer Viliame Vodonaivalu said this alignment enabled eligible FNPF members to use their housing entitlements as a deposit for home loan applications or to reduce the balance on existing housing loans.
He said that would provide a powerful financial boost toward homeownership.
According to the Fund, this partnership supported its commitment to help members make meaningful progress towards housing security, while reinforcing the financial institution’s mission to offer practical and flexible financial solutions.
It said customers utilising Merchant Finance’s Zero Deposit Home Loan Product now had the added advantage of supplementing any loan shortfall with their eligible FNPF funds, making homeownership more accessible for families across Fiji.
“This is a meaningful collaboration that directly supports the aspirations of Fijian families who work hard to turn their goals of homeownership into a reality,” Mr Vodonaivalu said.
“This collaborative development strengthens the overall housing landscape in Fiji, positioning FNPF and the Merchant Finance as key partners in national efforts to increase access to secure and sustainable housing.
“We are expanding pathways to homeownership, easing financial barriers, and creating opportunities for long-term financial wellbeing,” he said.
Merchant Finance CEO Veilawa Rereiwasaliwa said the partnership strengthened their position as a trusted player in Fiji’s housing finance market, offering tailored loan products that responded to Fijians’ evolving needs.
“We are quite excited about this as the funds from FNPF will increase the housing budget for our customers and will help address the challenges around affordability of homes,” Mr Rereiwasaliwa said.
Merchant Finance was integrated into FNPF’s approved list of lenders yesterday.
