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DevBank
Issue 1 2004

Lease Financing Commercial

Do You Meet The Following Requirements?

  • Are a Fiji Resident or
  • If a FOREIGN NATIONAL, do you meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) requirements for foreign investment.
  • have the ability to meet the equity contribution towards the total cost of the project.
Loan Type Term Of Loan
(Should Not Exceed)
Heavy Vehicles 60 months
Light GoodsVehicles 48 months
Japanese Recon Vehicles 36 months
Local 2nd Hand Vehicles 24 months
Plant & Machinery (shorter of working life or) 5 years
Heavy Plant Equipment 7 years
Office Equipment 3 years
Excavations 4 years
(The lease term should terminate comfortably short of the use economic life of the asset to be leased)
Interest Rate 10% - 13.5% Flat rate p.a
Interest is calculated on daily balance and charged automatically to your account monthly
Equity Contribution 15 – 25% of cost (considered on a case by case basis)
Security Required
(to adequately cover loan amount and may include)
  • Consumer/Commercial Lease

Collateral

  • Mortgage over land/Buildings
  • Personal Guarantees
  • Joint & Several Guarantees by Shareholders and Directors of the Company for total liability
  • Debenture
  • Bill of sale

Documents To Be Provided When Lodging Your Application.

  1. Memorandum & Articles of Association (in case of Company) Copy of Certificate of business registration/incorporation Audited Financial statements for the last 3 years
  2. Draft accounts up to the last available month-end
  3. Bank statements for the last 6 months
  4. Letter of offer for existing bank facilities together with latest statement of account
  5. Pro Forma invoice/quotation from supplier
  6. Statement of personal position of Directors/Guarantors.

Call Your Nearest Branch For More Information

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Fiji Development Bank
360 Victoria Parade
PO Box 104
Tel: 679 - 331 4866 Fax: 679 - 3314886
Email: info@fijidevelopmentbank.com