Read Loan Features

Nil Equity Required.


Loan Term of 5 years.


Interest Rate of 3.99% per annum.


Fees & Charges are waived for the first two years of the loan term.


Repayment by customer starts from the third year:

First two years – interest only repayment (by Government)

Third-year onwards till end of the loan term – principal plus interest (by the Customer)


 

Check Loan Amount Eligibility

Determined by the turnover of the business as follows:


$10,000 – where turnover is less than $50,000 (Micro)


$20,000 – where turnover is between $50,000 to $300,000 (Small)


$50,000 – where turnover is between $300,001 to $1,250,000 (Medium)


$100,000 – where turnover is more than $1,250,000 (Large)


General Terms & Conditions
What is the FDB COVID19 Recovery Credit Guarantee Scheme?

It is a Fijian Government-budget announced recovery scheme for Micro, Small, and Medium Enterprises (MSMEs), as well as large businesses to assist them to meet their financial needs, and recover from economic losses, caused by the COVID19 pandemic.


What are the loan purposes?

To meet financial needs for business operations of any business impacted or not impacted by COVID pandemic. In the application form, please provide a brief description of the loan purpose.


Who is eligible to apply?

Existing and new Micro, Small, and Medium Enterprises (MSMEs) and large businesses. Eligibility is determined through business turnover; legitimacy of loan purpose for business recovery, and to meet operational cost; the pre-qualification requirements; more than one entity/business within a Group is eligible to apply; and those start-ups which were non-operational for some time due to the pandemic and now want to apply for funding to operationalize the business.


What are the pre-qualification requirements?

Existing Customers of FDB:

  • Financial statement for the year 2018 or 2019 or 2020.
  • For those who do not have financial statements, must provide their total income and expenses supported by bank statement for 2019 or 2020.
  • For start-ups, must provide projected income and expenses for the year 2021 or 2022.

New Customers to FDB:

  • Financial statement for the year 2018 or 2019 or 2020.
  • For those who do not have financial statements, must provide their total income and expenses supported by bank statement for 2019 or 2020.
  • For start-ups, must provide projected income and expenses for the year 2021 or 2022.
  • Loan account statement from January 2020 to March 2020 from other commercial banks or licensed credit institutions.
  • Birth Certificate.
  • TIN Letter or Joint ID Card.
  • Photo ID (at least one).
  • Certificate of Business Registration (for market vendors, taxi drivers or those where business registration is not given, these can include permits, approval from local authority, letter from town/city council, etc).
  • Tax Compliance Certificate:
  • Not required from income below $30,000.
  • Not required for new business.
  • Tax compliance certificate for 2019 is also acceptable.

How can I apply?

You can apply for this loan safely from the comfort of your own bubble -apply online. Applicants are to submit their loan applications through this portal  Or contact us for assistance in applying in person, through appointment, by emailing us your loan purpose, business location, and phone contact details to info@fdb.com.fj


How can I submit the pre-qualification requirements?

There are two options: either upload the requirements to the portal directly OR email us at loan.support@fdb.com.fj after submitting your application through the portal. Please state your Tax Identification Number (TIN) as the email subject.


How long will a loan decision take?

It will take 7-10 working days, subject to the provision of complete pre-qualification requirements.


Who can I contact?

Call a Branch close to you – Find our branches 

OR email us at info@fdb.com.fj