Fiji Time: 9:24 PM on Sunday 29 March

Fiji Times Logo

/ Front page / Business

Firm reviews loans

Timoci Vula
Saturday, December 01, 2012

HOME Finance Company Limited has reviewed its small to medium enterprise (SME) loan package.

The changes in the SME loan now include reviewing the minimum amount downward from $10,000 to $5000 and increasing the maximum amount from $100,000 to $300,000.

"We are offering an interest rate of 8.99 per cent and also a special rate of 7.99 per cent for high priority areas like agriculture and ventures that can create a minimum of five new jobs, including ventures that are set up in the tax-free zones, ICT and audio visual," HFC chief executive Isikeli Tikoduadua said.

Mr Tikoduadua said SMEs had been the core incubators and drivers of the economy and also the government had allocated an additional $1.5million in the 2013 National Budget.

Last week, HFC launched its new cane farm loan in Labasa and this week opened its new Nakasi Centre for customers in the Suva-Nausori corridor.

On the recent competition in the finance sector, Mr Tikoduadua said Super Dream home package was still competitive at a rate of 4.5 per cent for one year fixed with equity of only 10 per cent and a term of up to 30 years.

The promotion package ends on January 31, next year.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. 'Ruthless'
  2. Memorable moments
  3. Register early, NZ Immigration urges
  4. Shape up or ship out
  5. PM walks 10km
  6. Plan to ban taxi parking in towns
  7. Fiji defeats England in HK 7s quarter-final
  8. One dead, four in hospital
  9. Celebrating Lord Rama's birth
  10. Lights go out for an hour

Top Stories this Week

  1. Rape on duty Wednesday (25 Mar)
  2. INQUIRY: Baby given wrong injection Friday (27 Mar)
  3. All hope gone Monday (23 Mar)
  4. 'No' to adopted child Monday (23 Mar)
  5. The man who was the champ Monday (23 Mar)
  6. HK 7s risk Thursday (26 Mar)
  7. Kepa clarifies position Tuesday (24 Mar)
  8. Fiji 7s inspires college in win Wednesday (25 Mar)
  9. Strong start Friday (27 Mar)
  10. Key to new home Thursday (26 Mar)