Do You Meet The Following Requirements?
- Are a Fiji Resident
- Are at least 21 years old
- Are in full-time paid employment
Documents To Be Provided When Lodging Your Application
- Current salary slip/s
- Letter from employer confirming employment, stating position and employment number
- FNPF eligibility letter of the sum to be withdrawn as deposit
- Source and evidence of cash contribution (other than FNPF)
- Copy of title or lease documents
- Copy of Life Insurance Policy
- Evidence of collateral for security
- If self-employed, 2 years financial statement and income tax return
- Other Requirements
| For construction of Home |
- Three quotations home from reputable builders
- Copy of plans and specifications for building for purchase of
|
| For Purchase of existing residence |
- Valuation report existing residence addressed to FDB (by a registered valuer from the Bank’s Panel of Valuers)
- Copy of sale and purchase agreement or letter of intent to sell
- Current Engineer’s Certificate over the property
|
| Equity Contribution |
The Bank can provide up to 100% of total project cost provided certain conditions are met |
| Minimum Loan |
$30,000. |
| Interest Rate |
- 8.75% fixed rate for first year and
- 10.5% variable rate thereafter
|
| Interest is calculated on daily balance and automatically charged to your account monthly |
Security Required
(to adequately cover registered mortgage loan amount and may on project land and include) |
- First ranking buildings
- All risk insurance
- Mortgage protection cover
|
| Term Of Loan |
| First home |
Maximum term of 25 years or 55 years less the age of borrower, whichever is lesser |
| Home improvement |
Varies |
Call Your Nearest Branch For More Information
