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Illustration of Thumbs-Up to Fiji’s Zero-Deposit Home Loan Deal

Game-Changer: Zero-Deposit Home Loans Spark Excitement for First-Time Buyers

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Merchant Finance Limited has launched an innovative zero-deposit home loan package that is attracting significant attention from prospective homebuyers, particularly first-time buyers. The initiative has been praised by Dr. Ram Raju, the president of the Nadi Chamber of Commerce and Industry (NCCI), who described it as a timely and impactful offer that could transform the real estate market.

Dr. Raju highlighted the attractiveness of the zero-deposit package, noting a low fixed interest rate of 3.99% for customers with a combined income below $50,000, while those earning above that threshold would have a rate of 5.99%. He emphasized the potential positive effects the new offering would create for first-time homeowners who often struggle to save for substantial deposits required by traditional banks.

Merchant Finance’s CEO, Veilawa Rereiwasaliwa, explained that many individuals spend years trying to collect enough funds for a deposit, only to face rising property prices by the time they are financial ready to buy. Dr. Raju believes this groundbreaking approach could be a decisive moment in the real estate sector and encourages aspiring homeowners to seize this opportunity.

Real estate agent Paula Benn expressed her enthusiasm to collaborate with Merchant Finance and praised the initiative for making homeownership more achievable, particularly for young professionals. She noted that by eliminating the hefty deposit requirement, the program provides essential opportunities for young individuals to invest in their futures and strengthen their financial standings.

This program not only aims to assist individual buyers but also aspires to contribute to the overall community growth and local economy in Fiji, especially amid challenging migration trends.

In summary, Merchant Finance’s zero-deposit home loan package aims to provide an attractive and accessible option for first-time homebuyers, with the potential to positively influence the real estate market and bolster economic growth in the local community. This initiative brings hope for those looking to own their homes, paving the way toward financial independence and stability.


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