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Bussiness Analysts


DevBank
Issue 1 2004

Working Capital

Do You Meet The Following Requirements?

For Individuals

  1. Are you at least 21-years-old, a Fiji Resident &
  2. Belong to ONE of the following groups:
    • A Fijian registered in the Vola ni Kawa Bula?
    • A Rotuman registered in the Rotuman Birth Register?
    • A General Elector registered in the General Electors Electoral Roll and are of Melanesian or Polynesian or Micronesian origin?

For A Company, Partnership Or Cooperative,
Is the business 100% owned by people who fulfill the Requirements 1 & 2 above?

Client Type Loan Amount Interest Rate
Individuals, Partnerships & Cooperatives First $0.5m 8% p.a
Above $0.5m 13.5% p.a
Tikina & Provincial Councils First $1m 8% p.a.
Above $1m 13.5% p.a
Interest is calculated on daily balance and automatically charged to your account monthly
Equity Contribution 20% of Total Working, Capital requirements in cash
Term Of Loan 5 Years
Security Required
(to adequately cover loan, amount and may include)
  • First Mortgages
  • Mortgage Debentures
  • Directors, Shareholders & Personal Guarantees
  • Bill of Sale
  • Other Collateral Security

Documents To Be Provided When Lodging Your Application

  1. Business Plan
  2. Right of Land/Building Use – Copy of registered title or current lease over land or Tenancy Agreement (term of lease must exceed loan term)
  3. 3 Quotations for Purchase of Stock
  4. Business Licence from the Local/Rural Authority
  5. Company Registration Certificate from the Registrar of Companies
  6. VAT Certificate from Inland Revenue Department
  7. Financial Statement for last 2 years for established businesses
  8. Income & Expenditure & Cash Flow Projections for New Businesses
  9. Evidence of Training attended or Employment Letter at Supervisory level for 5 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