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Agricultural Land Sub-Division

Do You Meet The Following Requirements?

  • are at least 21-years old
  • are a Fiji-Citizen
  • have the ability to meet the required equity contribution towards the total cost of the project
  • for sale of lots for Agricultural Purposes - is your project situated within 1km of a government feeder road OR within 3km of the nearest inter-island port of call if on an outer island OR
  • for sale of Industrial, Commercial & Residential Lots – is your project within 10km radius of the center of a town

Documents To Be Provided When Lodging Your Application

  1. Freehold Land Title or Current Lease over Land to be used by proposed project
  2. Original Title Deeds of Property
  3. Business Plan and MPI Assessment of Viability (for land used for agricultural purposes)
  4. Letter of Approval of Sub-Division from appropriate Authorities
  5. Cash Flow Projection for next 3 years
  6. Source & Evidence of Equity Contribution
  7. 3 Quotations for Sub-Division
Interest Rate 13.5% per annum
Interest is calculated on daily balance and charged automatically to your account monthly.
Term Of Loan Maximum of 15 years
Security Required
(to adequately cover, loan amount and may include)
  • Mortgage
  • Notification over land to be developed
  • Any other appropriate security
Equity Contribution At least 35% of total project cost
Exclusions
  • Class J Leases
  • Land with less than 10 years lease term remaining
  • Sub-divided land for Agricultural Purposes less than 5 acres

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