Do You Meet The Following Requirements?
- are at least 21-years old
- are a Fiji-Citizen
- have the necessary asset backup to secure the loan sought
- project is situated within 1km of a government feeder (or better) 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
Documents To Be Provided When Lodging Your Application
- Copy of Title/Lease over Land to be used
- Business Plan and MPI Assessment of Project Viability
- 3 Quotations for construction costs or Bill of Quantity from architect or builder
- Production records for last 3 years With estimate for current year
- Income & Expenditure Statement for latest 3 years
- Source & Evidence of Equity Contribution
Loan Amount
(F$) |
Interest Rate |
| First $10,000 |
10% per annum |
| In excess of $10,000 |
13.5% per annum |
| Interest is calculated on daily balance and charged automatically to your account monthly. |
| Term Of Loan |
Maximum of 15 years. |
| Maximum Loan |
F$20,000 |
Security Required
(To Adequately Cover, Loan Amount And May Include) |
- Mortgage
- Notificationon the farmer’s land and on house constructed
- Other collateral security
|
| Equity Contribution |
At least 20% of total construction cost (in cash) |
| Exclusions |
- Class J Leases
- Land with less than 10 years lease term remaining.
|
Call Your Nearest Branch For More Information
