HFC Bank launches new home loan package

HFC Bank has today launched a new home loan package for Fijians who want to buy or build their first home.

Speaking at today’s launch Acting CEO Raj Sharma says that with this new package customers will be able to take advantage of the 4.25 percent a year interest rate fixed for 5 years.

Sharma says that new home owners or single applicants will need to have an annual income of $50,000 or less to qualify for this scheme.

He adds that customers will also be able to benefit from the 10 percent equity requirement.

Government’s announcement of $60 million budget allocation to the Reserve Bank of Fiji for approved lenders will allow new home owners to receive $10,000 if they’re building their first residential home or $5,000 for those intending to buy their first home.