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  May 26, 2021 03:52:00 PM The government will be the guarantor for a $170 million loan for the Fiji Development Bank. Minister for Economy Aiyaz Sayed-Khaiyum said this will enable continued implementation and facilitation of government policy by lending to essential sectors of the economy. Sayed-Khaiyum said the Fiji Development Bank will pay a guarantee fee of 0.075 percent on the cumulative utilised guarantee credit. He said, as of 30th June 2020, the Fiji Development Bank had 4825 loan accounts with an accumulative loan portfolio of $541.88 million. “In line with the government�...

Monika Singh 3 April, 2021, 10:00 pm The Fiji National Provident Fund rolled out the COVID-19 Response (home loan assistance) from April 1, 2021. Picture: FILE THE Fiji National Provident Fund (FNPF) has identified 809 members who qualify for its COVID-19 Response (Home loan assistance). Applications for this relief opened on April 1 and will end on June 30, 2021 and require applicants to lodge it with their banks or lenders such as the Housing Authority of Fiji and the Fiji Development Bank. FNPF acting chief executive officer Viliame Vodonaivalu said members could now access their FNPF savi...

FNPF rolls out Home Loan Relief from today FNPF rolls out Home Loan Relief from today Fiji National Provident Fund has rolled out the COVID-19 Response, Home Loan Assistance from today. FNPF Acting Chief Executive Officer Viliame Vodonaivalu says this assistance is specifically for members affected by the pandemic. He says these members can now access their FNPF savings, inclusive of 50% of their Preserved Account, to pay for their monthly home loan repayments for a minimum of three months to a maximum of 12 months. Vodonaivalu says the Fund has identified 809 members who qualify for this ass...