Graduate Training Programme
Small Business Awards

Graduate Training Programme
Small Business Awards


1. What kind of loans/products does FDB offer?

  • Agricultural farming related
  • Special loans for Fijians (CLFS) and all other ethnic groups (SBS)
  • Industrial/Commercial projects
  • Leasing
  • Trade Financing (Export financing & Bill discounting)
  • Small Business loans (SBES)
  • Seed Capital Revolving Fund (SCARF) for Eco-Tourism, Forestry and Fishing

Refer to the Products section for details.

2. I want to start a business and would like to take a loan, what kind of loan should I take?

First you must find out what type of business you are going to set up. Once you have established this, call into the nearest FDB office and inform the officer of your plans. The officer should advice you of the appropriate product.

3. How do I go about obtaining a loan?

The steps to follow are as follows:

1. Before you call into any FDB office, you must first have a clear idea of what business you intend to start and other related matters,
2. Once established, enquire at your nearest FDB office to discuss your plan,
3. After your discussion with the loans officer, you should be provided with an acceptance/decline letter,
4. If your proposal is accepted, you are then required to formally apply for a loan. You will need to provide the following:

  • completed application form,
  • application fee,
  • business plan (if applicable) and
  • documents (listed in the acceptance letter).

After this stage, the Bank will then assess your application to determine its viability. You should receive a decision on your application within 2 weeks from the date of application (step 3).

If it is declined, you can find out from our officers the reasons behind it, reassess your proposal and re-visit our office.

4. What are the requirements I need to provide for my loan?

This will depend on the type of loan. For specific requirements, go to the “Products” section.

5. What is the Start Your Own Business (SYOB) Course that you require from me?

This requirement applies only to Fijian and Rotuman business owners who wish to loan under the small business equity scheme. This is one of the documents you are to produce if you intend to start a business but do not have any business tertiary qualification.

6. What is the interest rate charged?

This again depends on loan type but interest rates range from 8% to 13.5% per annum.

7. What is the term of my loan?

This depends on the type of loan. The table below shows the general terms as per loan type:

Loan Type Term Range
Vehicles, Plant, Equipment, Vessels 2-10 years
Construction/purchase of business/residential property 10-25 years
Working capital 1 - 5 years
Purchase of shares 5 years
Export financing facilities 60 to 180 days
Leasing 2-5 years

Note – refer to applicable loan facility for applicable loan term

8. How much do I have to contribute towards my loan?

Loan Facility Equity Requirement
Agricultural loans 20% - 50% of TPC
SCARF 10% - 35% of TPC
Industrial and commercial projects 35% - 50% of TPC
Special loans for Fijians and Others 20% of TPC
Small Business Equity Scheme min. of 10% of total project cost

9. Do all loan proposals qualify for the 10% equity from Government?

No. The table below shows the special criteria one must meet to qualify for the 10% equity.

Terms Under CLFS Under SBS
Eligibility A Fijian or Rotuman Any other ethnic group
Bus. Turnover/asset value Up to FJ$100,000 Up to FJ$50,000
Ownership 100% locally owned 100% locally owned
Special requirement Any of the following:
  • Start Your Own Business (SYOB) certificate
  • Improve Your Business (IYB) certificate
  • 5 years business supervisory experience
  • Letter of recommendation from any recognized micro-financier Demonstrable Business background
Demonstrable Business background

10. What are the fees and charges?

Click Here for more details

11. How long does it take for my loan to be approved?

Within 2 weeks from lodgment date.

12. When can I get my funds/cheque?

The cheque is issued once the security documents and all pre-conditions (if any) are completed. We can also provide electronic cheque processing and deposits. (eCheck Webpage)

13. Do you have on-line applications?

Not at the moment but plans are underway to provide this facility.

14. Where can I apply for a loan?

Any of the 9 branches located nationwide. These are in Nausori, Sigatoka, Nadi, Lautoka, Ba, Rakiraki, Labasa, Savusavu and Seaqaqa.

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