Merchant Finance PTE Limited has officially joined the Fiji National Provident Fund’s (FNPF) list of approved lenders for its Housing Withdrawal Assistance program. This collaboration, announced recently, represents a pivotal development in enhancing opportunities for Fijians to achieve homeownership through improved access to innovative financing solutions.
FNPF’s CEO, Viliame Vodonaivalu, highlighted that this partnership allows eligible members to utilize their housing entitlements as a deposit for home loans or to reduce amounts owed on existing loans. This initiative is designed to significantly bolster members’ financial capabilities in their journey toward owning a home.
Furthermore, customers exploring Merchant Finance’s Zero Deposit Home Loan Product will benefit from being able to supplement any loan shortages with their eligible FNPF funds, thereby making homeownership more accessible to diverse families across Fiji. Vodonaivalu emphasized the importance of this collaboration in supporting Fijian families who are eager to turn their aspirations for homeownership into a reality.
Merchant Finance’s CEO, Veilawa Rereiwasaliwa, noted that the partnership solidifies their reputation as a reliable player in Fiji’s housing finance sector, offering customized home loan products that adapt to the needs of Fijians. He expressed enthusiasm regarding the potential impact of this collaboration, stating that FNPF funds would enhance the housing budgets of customers and help tackle the challenges related to home affordability.
This strategic association comes alongside Merchant Finance’s recent success with its zero-deposit home loan product, which has received positive attention from prospective buyers. In light of the ongoing challenges many Fijians face in securing a home due to rising costs and the traditional deposit requirements, this collaboration provides a hopeful pathway to help families realize their dreams of homeownership.
Overall, this partnership is anticipated to not only ease financial barriers but also foster long-term financial well-being and contribute positively to the housing landscape in Fiji. As the joint effort between FNPF and Merchant Finance progresses, it stands to enhance the journey of many Fijians toward secure and sustainable living arrangements.
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