Do You Meet The Following Requirements?
- are at least 21-years old
- are a Fiji-Citizen
- must have a viable project, with good credit history with us or any other bank
- project is situated within 1km of a government feeder road (if on Viti Levu or Vanua Levu) OR situated within 3km of the nearest inter-island port of call if on an outer island
Documents To Be Provided When Lodging Your Application
- Freehold Land Title or Current Lease over Land to be used by Proposed Project
- Original Title Deeds of Property
- Business Plan
- 3 Quotations of the Asset to be Purchased
- Cash Flow Projection for next 3 years (if applicable)
- MPI Assessment of Viability
- Evidence of Farm Production for past 3 years
- Source & Evidence of Equity contribution
- Current Driving License for the category of vehicle acquired (if applicable)
- Land Transport Authority Certificate of Roadworthiness (if applicable)
Loan Amount (F$)
(For Farm Machinery) |
Interest Rate |
| First $10,000 |
10% per annum |
| In excess of $10,000 |
13.5% per annum |
| For Farm Trucks |
13.5% per annum flat |
| Interest is calculated on daily balance and automatically charged to your account monthly. |
| Term Of Loan |
Term should end short of the useful economic life of the vehicle or equipment BUT not to exceed 5 years |
Security Required
(to adequately cover, loan amount and may, include) |
- Mortgage
- Notification over project land buildings
- Bill of Sale over the vehicle/items to be purchased
- Comprehensive Motor Vehicle Insurance Cover over vehicle to be purchased
|
| Equity Contribution |
At least 35% of total construction cost in cash |
| Exclusions |
- Class J Leases
- Absentee farmers unless prior contracting of experienced farm caretaker
- Land with less than 10 years lease term remaining
|
Call Your Nearest Branch For More Information.
