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FIJI NEWS
January 15, 2012 12:00:00 AM
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A 14 per cent increase has been noted in the number of people using their Fiji National Provident Fund (FNPF) money for home loan deposits, mortgage debt reduction and paying off home loans to the Housing Authority of Fiji.

HA chief executive Alipate Naiorosui said the increase in transfers signifies more people are taking advantage of their housing eligibility that FNPF offers to secure a home for their family.

”The changes saw the authority register 357 cases for both home loan deposits and a debt reduction amounting to $5.1m for 2011 compared to 306 cases amounting to $4.3m for 2010,” said Naiorosui.

He said last year they disbursed $12m in loans, in which FNPF member contributions amounted to 41 per cent of total loans and sales against 34 per cent for 2010, in which total home loans and house sales amounted to $12.6m.

”This figure represents the fact that Housing Authority has given out at least $1m per month over the last two years and $30m in total since 2009 to date in housing related loans.”

By Nasik Swami

Kapoor & Sons


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