Do You Meet The Following Requirements?
- are at least 21-years old
- are a Fiji-Citizen
- project is situated within 1km of a government feeder road (if on Viti Levu or Vanua Levu) OR situated within 3km of the nearest inter-island port of call if on an outer island.
| Loan Amount (F$) |
Interest Rate |
| First $20,000 |
8% per annum |
| In excess of $20,000 |
13.5% per annum |
| Interest is calculated on daily balance and automatically charged to your account monthly. |
| Term of Loan |
Maximum of 15 years |
Security Required
(to adequately cover loan amount and may include) |
- Mortgage
- Notification over property to be developed
- Other collateral security
|
| Equity Contribution |
At least 20% of total project cost |
| Exclusions |
- Absentee farmers, unless prior contracting of experienced farm caretaker
- Class J Leases Land with less than 10 years lease term remaining
|
Documents To Be Provided When Lodging Your Application
- Copy of Title, Current Lease or Approval Notices over Land to be Developed
- Business Plan and MPI Assessment of Viability
- Past Production - Evidence of farm Production for last 3 years
- Source & Evidence of Equity Contribution
- 3 Quotations for Land Development
Call Your Nearest Branch For More Information
