Business Analysts

Business Analysts

Purchase Of New Vehicles, Plant & Equipment

Do You Meet The Following Requirements?

  • Are you a Fiji Resident OR
  • If a FOREIGN NATIONAL meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) requirements for foreign investment.
Loan Type Term Of Loan
Plant & Equipment 7 years or working life, whichever is lower
Hire Cars & Taxis 5 years
Utilities & Vans 3 years
Tractor 7 years
Heavy Rolling Equipment 7 years
Trucks 4 years
Interest Rate 13.5% p.a.
Interest is calculated on daily balance and charged automatically to your account monthly.
Equity Contribution(In Cash) At least 35% of the buying price of the asset EXCEPT FOR TAXIS which is 50% of Total Project Cost.
Security Required
(to adequately cover loan amount and may include)
  • Mortgage
  • Debentures over assets
  • Joint & Several Guarantees by Shareholders and Directors of the Company for total liability
  • Adequate Insurance Cover
  • Bill of Sale over asset purchased

Documents To Be Provided When Lodging Your Application.

  1. 3 quotations for Asset to be purchased
  2. Details of External Borrowings with its confirmation
  3. Business Plan
  4. Projected Cash Flow Statement and Profit & Loss Accounts (for next 3 years)
  5. Financial Statement for last 3 years
  6. Latest 6 months Bank Statement
  7. Debtors & Creditors Listing with Age Analysis
  8. Personal Statement of Assets & Liabilities of Shareholders & Directors
  9. Authority to seek opinion from Banks
  10. Source & Evidence of Equity contribution
  11. Pro Forma Invoice for equipment/asset
  12. Working capital needs and means of funding
  13. Evidence of experience in the operation of Taxis or Hire Cars or Construction Plant & Equipment
  14. LTA Documents as follows:
Vehicle Type Documents Required
All Vehicles
  • Certificate of Road Worthiness
  • Current Road Service Licence
  • Current appropriate Driver’s Licence
Taxi Operators A Non-transferable Taxi Permit and Taxi Base
Hire Car Operators A Hire Plate Licence

Call Your Nearest Branch For More Information

Email this article
Printer friendly page

Top of Page


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