Small Business Awards

Small Business Awards

Building Construction

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. Approved Building Plan for work to be undertaken
  2. At least 3 Quotations for Building Construction
  3. Business Plan
  4. Title or Current Lease over Land to be used in Proposed Project
  5. Projected Cash Flow and Income Statement and Balance Sheet (for next 3 years)
  6. Latest 6 months Bank Statements
  7. Financial Statements for last 3 years (Audited Financials are required for loans in excess of $2 million)
  8. Debtors & Creditors listing with Age Analysis
  9. Personal Statement of Assets & Liabilities of Shareholders & Directors
  10. Authority to seek opinion from Banks & other Financial Institutions
  11. Working capital needs & means of funding
  12. Details of External borrowings (loan & lease facilities) with its confirmations
Building Type
(in cash)
Equity Contribution
Non-specialized At least 35% of costs *
Specialized (hotels,motels, boatels and tourist resorts) At least 50% of costs*
Cost of the land, cost of construction for each contract, interest cost during construction and contingency allowance at 10 to 15% of construction costs.
Interest Rate 13.5% per annum.
Interest is calculated on daily balance and charged automatically to your account monthly
Security Required(to adequately cover loan amount and may include)
  • Mortgage over project and land buildings
  • Bill of Sale over assets owned and/ or to be purchased
  • Collateral Mortgages over other owned properties
  • Debentures
  • Joint & Several Guarantees by the Directors/ Shareholders of the Companies
  • Adequate All Risk Insurance cover for assets with the interests of the Bank considered
Term of Loan 10-15 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