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DevBank
Issue 1 2004

Purchase Of Commercial & Industrial Buildings

Do You Meet The Following Requirements?

  • Are a Fiji Resident OR
  • Are a Foreign National and meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) foreign investment requirements.

Documents To Be Provided When Lodging Your Application

  1. Sale & Purchase Agreement for the Property to be Purchased
  2. Source & Evidence of Equity Contribution
  3. Business Plan
  4. Projected Cash Flow Statement (for next 3 years)
  5. Profit and Loss Accounts & Balance Sheet for next 3 years
  6. Latest 6 months Bank Statements
  7. Financial Statement for last 3 years
  8. Debtors & Creditors listing with Age Analysis
  9. Personal Statement of Assets & Liabilities of Shareholders & Directors
  10. Authority to seek Opinion from Banks
  11. Working Capital needs & means of funding
  12. Details of External borrowings (loan & lease facilities) with its confirmations
  13. Valuation Report from one of the Bank approved Valuers
Building Type Equity Of Cntribution
(% of the cost of land & buildings)
Non-Specialised At least 35%
Specialised At least 50%
Interest Rate 13.5% per annum.
Interest is calculated on daily balance and automatically charged to your account monthly
Security Required
(to adequately cover loan amount and may include)
  • Mortgage on land and buildings to be purchased
  • Debentures
  • Joint & Several Guarantees made by Shareholders and Directors of the Company
  • Fire and All Risk Insurance Policy
  • Collateral Mortgage over other properties owned
Term Of Loan 10-15 Years

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