TC Winston

4.5% interest on cyclone relief loan now available

Following the recent announcement made by the Prime Minister, Hon Voreqe Bainimarama on the 23rd of February, 2016, the Association of Banks in Fiji (ABIF) have now introduced a special loan scheme to assist all persons affected by Tropical Cyclone Winston (effective immediately). In a press statement last week, Chairman of the Association of Banks […]

Peni Shute

March 1, 2016 8:11 am

Following the recent announcement made by the Prime Minister, Hon Voreqe Bainimarama on the 23rd of February, 2016, the Association of Banks in Fiji (ABIF) have now introduced a special loan scheme to assist all persons affected by Tropical Cyclone Winston (effective immediately).

In a press statement last week, Chairman of the Association of Banks in Fiji, Kevin McCarthy said impacted persons are requested to visit their nearest bank branch to apply for the facility.

All banks in Fiji will be able to provide assistance package based on:

  • Objective – House Repairs
  • Maximum loan amount – $5,000
  • 5% fixed interest rate per annum
  • Maximum loan term of 5 years
  • Waiver of loan application fees
  • Eligibility – Only cyclone impacted person
  • Normal Bank lending criteria will be applied.

The offer period for applications to be received is by 31st May 2016.

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