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Other Commercial Loans

(For acquisition of Fixed Assets Only for Wholesale/Retail Businesses, Professional Firms and other Small to Medium Enterprises)

Do You Meet The Following Requirements?

  • Are a Fiji Resident OR
  • Are a FOREIGN NATIONAL and meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) foreign investment requirements.

Documents To Be Provided When Lodging Your Application

  1. Projected Cash Flow and Profit & Loss Statement (for next 3 years)
  2. Financial Statement for last 3 years
  3. Business Plan
  4. Latest 6 months Bank Statement
  5. Debtors & Creditors Listing with Age Analysis
  6. Personal Statement of Assets & Liabilities of Shareholders & Directors
  7. Authority to seek Opinion from Banks
  8. Source & Evidence of cash contribution
  9. Details of External Borrowings with its confirmations
  10. Working Capital needs and means of funding
Term Of Loan: This will depend on the nature of Fixed Assets being funded and its Economic Useful Life
Interest Rate 13.5% per annum
Interest is calculated on daily balance and automatically charged to your account monthly
Equity Contribution 35% of total fixed assets only
Security Required
(To Adequately Cover Loan Amount And May Include)
  • Mortgage over land/Buildings
  • Debenture over assets
  • Joint & Several Guarantees by Shareholders and Directors of the Company for total liability
  • Adequate Insurance Cover
  • Bill of Sale over asset purchased

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