HOME ABOUT US ANNUAL REPORT PRODUCTS PROPERTIES FAQS LINKS CLIENTS


CAREER
Bussiness Analysts


DevBank
Issue 1 2004

Working Capital

Do You Meet The Following Requirements?

For Individuals

  1. Are you at least 21-years-old, a Fiji Resident &
  2. Belong to ONE of the following groups:
    • A Fijian registered in the Vola ni Kawa Bula?
    • A Rotuman registered in the Rotuman Birth Register?
    • A General Elector registered in the General Electors Electoral Roll and are of Melanesian or Polynesian or Micronesian origin?

For A Company, Partnership Or Cooperative,
Is the business 100% owned by people who fulfill the Requirements 1 & 2 above?

Client Type Loan Amount Interest Rate
Individuals, Partnerships & Cooperatives First $0.5m 8% p.a
Above $0.5m 13.5% p.a
Tikina & Provincial Councils First $1m 8% p.a.
Above $1m 13.5% p.a
Interest is calculated on daily balance and automatically charged to your account monthly
Equity Contribution 20% of Total Working, Capital requirements in cash
Term Of Loan 5 Years (Subject To Lender Approval
Security Required
(to adequately cover loan, amount and may include)
  • First Mortgages
  • Mortgage Debentures
  • Directors, Shareholders & Personal Guarantees
  • Bill of Sale
  • Other Collateral Security

Documents To Be Provided When Lodging Your Application

  1. Business Plan
  2. Right of Land/Building Use – Copy of registered title or current lease over land or Tenancy Agreement (term of lease must exceed loan term)
  3. 3 Quotations for Purchase of Stock
  4. Business Licence from the Local/Rural Authority
  5. Company Registration Certificate from the Registrar of Companies
  6. VAT Certificate from Inland Revenue Department
  7. Financial Statement for last 2 years for established businesses
  8. Income & Expenditure & Cash Flow Projections for New Businesses
  9. Evidence of Training attended or Employment Letter at Supervisory level for 5 years

Call Your Nearest Branch For More Information

Email this article
Printer friendly page



Top of Page




HOMEPRODUCTSANNUAL REPORTPROPERTIESAPPLICATION FORMLINKSFAQSCLIENTSOTHER CENTERS

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