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
- Freehold Land Title or Current Lease over Land to be used by proposed project
- Original Title Deeds of Property
- Business Plan and MPI Assessment of Viability (for land used for agricultural purposes)
- Letter of Approval of Sub-Division from appropriate Authorities
- Cash Flow Projection for next 3 years
- Source & Evidence of Equity Contribution
- 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
