Do You Meet The Following Requirements?
- Are a Fiji Resident or
- If a FOREIGN NATIONAL, do you meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) requirements for foreign investment.
- have the ability to meet the equity contribution towards the total cost of the project.
| Loan Type |
Term Of Loan
(Should Not Exceed) |
| Heavy Vehicles |
60 months |
| Light GoodsVehicles |
48 months |
| Japanese Recon Vehicles |
36 months |
| Local 2nd Hand Vehicles |
24 months |
| Plant & Machinery (shorter of working life or) |
5 years |
| Heavy Plant Equipment |
7 years |
| Office Equipment |
3 years |
| Excavations |
4 years |
| (The lease term should terminate comfortably short of the use economic life of the asset to be leased) |
| Interest Rate |
10% - 13.5% Flat rate p.a |
| Interest is calculated on daily balance and charged automatically to your account monthly |
| Equity Contribution |
15 – 25% of cost (considered on a case by case basis) |
Security Required
(to adequately cover loan amount and may include) |
- Consumer/Commercial Lease
Collateral
- Mortgage over land/Buildings
- Personal Guarantees
- Joint & Several Guarantees by Shareholders and Directors of the Company for total liability
- Debenture
- Bill of sale
|
Documents To Be Provided When Lodging Your Application.
- Memorandum & Articles of Association (in case of Company) Copy of Certificate of business registration/incorporation Audited Financial statements for the last 3 years
- Draft accounts up to the last available month-end
- Bank statements for the last 6 months
- Letter of offer for existing bank facilities together with latest statement of account
- Pro Forma invoice/quotation from supplier
- Statement of personal position of Directors/Guarantors.
Call Your Nearest Branch For More Information
