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
- Projected Cash Flow Statement and Profit & Loss Accounts and Balance Sheet (for next 3 years)
- Financial Statement for last 3 years (Audited Financials for loans in excess of $2 million)
- Business Plan
- Latest 6 months Bank Statement
- Debtors & Creditors listing with Age Analysis
- Personal Statement of Assets & Liabilities of Shareholders & Directors
- Authority to seek opinion from Banks
- Source & Evidence of cash contribution
- TCB Certificate of roadworthiness
- Current Road Service Licence from the TCB
- Verification of Purchase Price
- Details of External borrowings (Loan & Lease facilities) with its confirmations
| Bus Type |
Term Of Loan |
| Purchase of New Buses |
8 Years |
Purchase of Used Buses
(max age of 3 years) |
8 Years reduced by age
of bus |
Refinancing Used Buses
(max age of of bus 3 years) |
8 years reduced by age |
Buses for Reconditioning
(max age of 12 years and should not have previously been reconditioned) |
4-6 years dependent.on viability |
| Interest Rate |
13.5% per annum |
| Interest is calculated on daily balance and charged automatically to your account monthly |
| Equity Contribution |
At least 35% of the buying price of the New, Used or Reconditioned buses |
Security Required
(to adequately loan amount and may include) |
- Bill of Sale over
- over bus or any otherassets
- Mortgage over land/Buildings
- Debentures
- Joint & Several Guarantees by Shareholders and Directors of the Company
|
Call Your Nearest Branch For More Information
