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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.





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