Do You Meet These Requirements?
For Individuals
- Are you at least 21-years-old, a Fiji Resident &
- Are a Fijian registered in the Vola ni Kawa Bula?
For A Company, Partnership Or Cooperative,
Is the business 100% owned by people who fulfil Requirements 1 & 2 above?
Documents To Be Provided When Lodging Your Application
- Business Plan
- Financial Reports for previous two years
- Letter of approval from FHL for the purchase of shares
- Evidence of Equity Contribution
- Any other Liabilities/Borrowings
| Client Type |
Loan Amount (F$) |
Interest Rate |
| Individuals Partnerships& Cooperatives |
First $0.5m |
8% p.a |
|
Above $0.5m |
13.5% p.a |
| Tikina & Provincial Councils |
First $1m |
8% p.a |
|
Above $1m |
13.5% p.a |
| Equity Contribution |
Minimum requirement of 50% of Total Project Cost in cash |
| Term Of Loan |
10 Years |
Security Required
(to adequately cover loan amount and may include) |
- Lien over the shares to be purchased
- Assignment over the Dividend proceeds
- Assignment over the salary
- Shareholders, Directors & Personal Guarantee
- Guarantee from a financially sound Guarantor
- Collateral Mortgage over Land & Buildings or other assets
|
Call Your Nearest Branch For More Information
