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
- Sale & Purchase Agreement for the Property to be Purchased
- Source & Evidence of Equity Contribution
- Business Plan
- Projected Cash Flow Statement (for next 3 years)
- Profit and Loss Accounts & Balance Sheet for next 3 years
- Latest 6 months Bank Statements
- Financial Statement for last 3 years
- Debtors & Creditors listing with Age Analysis
- Personal Statement of Assets & Liabilities of Shareholders & Directors
- Authority to seek Opinion from Banks
- Working Capital needs & means of funding
- Details of External borrowings (loan & lease facilities) with its confirmations
- Valuation Report from one of the Bank approved Valuers
| Building Type |
Equity Of Cntribution
(% of the cost of land & buildings) |
| Non-Specialised |
At least 35% |
| Specialised |
At least 50% |
| Interest Rate |
13.5% per annum. |
| Interest is calculated on daily balance and automatically charged to your account monthly |
Security Required
(to adequately cover loan amount and may include) |
- Mortgage on land and buildings to be purchased
- Debentures
- Joint & Several Guarantees made by Shareholders and Directors of the Company
- Fire and All Risk Insurance Policy
- Collateral Mortgage over other properties owned
|
| Term Of Loan |
10-15 Years |
Call Your Nearest Branch For More Information
