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DevBank
Issue 1 2004

Bus Loans

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. Projected Cash Flow Statement and Profit & Loss Accounts and Balance Sheet (for next 3 years)
  2. Financial Statement for last 3 years (Audited Financials for loans in excess of $2 million)
  3. Business Plan
  4. Latest 6 months Bank Statement
  5. Debtors & Creditors listing with Age Analysis
  6. Personal Statement of Assets & Liabilities of Shareholders & Directors
  7. Authority to seek opinion from Banks
  8. Source & Evidence of cash contribution
  9. TCB Certificate of roadworthiness
  10. Current Road Service Licence from the TCB
  11. Verification of Purchase Price
  12. Details of External borrowings (Loan & Lease facilities) with its confirmations
Bus Type Term Of Loan
Purchase of New Buses 8 Years
Purchase of Used Buses
(max age of 3 years)
8 Years reduced by age
of bus
Refinancing Used Buses
(max age of of bus 3 years)
8 years reduced by age
Buses for Reconditioning
(max age of 12 years and should not have previously been reconditioned)
4-6 years dependent.on viability
Interest Rate 13.5% per annum
Interest is calculated on daily balance and charged automatically to your account monthly
Equity Contribution At least 35% of the buying price of the New, Used or Reconditioned buses
Security Required
(to adequately loan amount and may include)
  • Bill of Sale over
  • over bus or any otherassets
  • Mortgage over land/Buildings
  • Debentures
  • Joint & Several Guarantees by Shareholders and Directors of the Company

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