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DevBank
Issue 1 2004

Agricultural Projects

Do You Meet The Following Requirements?

  • are at least 21-years old
  • are a Fiji-Citizen
  • have the necessary asset backup to secure the loan sought.
  • 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

  1. Copy of Title, Current Lease or Approval Notices over Land to be used in Proposed Project
  2. Business Plan and MPI Assessment of Viability
  3. Copy of Bank Statement
  4. Evidence of Assets to be Purchased
  5. Evidence of Farm Production for last 3 Years and Estimate for Current Year
  6. Source & Evidence of Equity Contribution
Loan Amount (F$) Interest Rate
First $20,000 8% per annum
In excess of $20,000 13.5% per annum
Interest calculated on daily balance and automatically charged to your account monthly.
Term Of Loan Maximum of 20 years
Security Required
(To Adequately Cover, Loan Amount And May Include)
  • Mortgage
  • Notification over property
  • Bill of Sale for purchase of items
  • Other Collateral security
Exclusions
  • Class J Leases
  • Land with less than 10 years lease term remaining
Equity Contribution At least 20% of total project cost.

Call Your Nearest Branch For More Information.

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Fiji Development Bank
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PO Box 104
Tel: 679 - 331 4866 Fax: 679 - 3314886
Email: info@fijidevelopmentbank.com