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Fiji Time: 4:12 AM on Friday 25 April

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Relief packages on offer for cyclone victims

Ropate Valemei
Monday, December 24, 2012

HFC has joined the cause to offer disaster relief packages for clients affected by natural disasters by offering lending assistance from $1000 to more than $1million.

HFC chief executive officer Isikeli Tikoduadua said the package included repayment holidays of up to six months, additional loans for repairs and maintenance of properties and houses damaged by the cyclone.

"There is no specific pool and it all depends on the nature of requests — it can range from $1000 to $1m or even more," Mr Tikoduadua said.

He said there was no particular target considering present circumstances but HFC would assist its customers and the nature of requests on its own merits. "Early this year, HFC assisted customers under the Disaster Rehabilitation Loan product and many others including the Home Loans and Personal Loans scheme."

Under the disaster rehabilitation assistance program, Mr Tikoduadua said they had lent over $4.7m to customers.

He said HFC's disaster assistance would help customers recover from natural disasters. The assistance would replace damaged inventory, loss of sales, damaged vehicles and machinery as well as financing existing commitments.

""We also finance disaster rehabilitation programmes which are provided through the Reserve Bank of Fiji," Mr Tikoduadua said.