FDB Launches Revolving Working Capital Term Loan and FDB Choice Home Loan to Support Business Continuity and Access to Housing Finance

The Fiji Development Bank (FDB) has introduced two new financial products designed to support Fiji’s national development priorities by improving access to housing finance and strengthening business continuity across key economic sectors. The FDB Choice Home Loan and the Revolving Working Capital Term Loan were officially launched today.

The introduction of these products reflects FDB’s commitment to delivering financial solutions that meet the evolving needs of Fijian households and businesses, while supporting broader national objectives. Both facilities were developed to address existing market gaps and reinforce the Bank’s mandate as Fiji’s development finance institution.

While delivering his keynote address, the Minister for Finance, Commerce and Business Development, Honourable Esrom Yosef Immanuel, noted that both products share a common intention—to support Fijians in building secure homes, thriving enterprises, and more resilient livelihoods.

“The dual launch today is a testament to a bank that is responsive, forward-thinking, and committed to development. It reflects a deep understanding of Fiji’s social and economic landscape, which sees both households and enterprises as equally important pillars of national growth. FDB continues to show that development finance is not just about numbers; it is about improving lives,” he said.

The FDB Choice Home Loan is supported by the Reserve Bank of Fiji’s (RBF) Housing Facility, along with the Fiji Government’s First Home Buyers Housing Assistance Grant Scheme.

FDB Board Chairman, Mr. Damend Gounder, highlighted that both products were developed to enable the Bank to respond more effectively to real needs in the market and contribute directly to national development.

“Together, these products will influence not only individual customers but also the value chains and industries connected to them. We also see important possibilities in terms of long-term impact. Our role is not only to provide loans, but to create financial solutions that enable progress for individuals, communities, and sectors. The FDB Choice Home Loan and the Revolving Working Capital facility were designed with that purpose at the forefront,” Mr. Gounder said.

For our rural communities, under the FDB Choice Home Loan, customers can access unsecured loans from $2,500 to $10,000 for a repayment term of up to three years, without the need for collateral—making home improvement more accessible than ever. This facility is open to both salaried and non-salaried customers, including those with alternative consistent income sources.

Through partnership with the Reserve Bank of Fiji under its Housing Facility, loans up to $50,000 benefit from a 3.99% fixed interest rate for the first five years, helping make home ownership more attainable for more Fijians.

For secured loans, the repayment terms are up to 30 years for home purchase or construction—giving families affordability, stability, and peace of mind.

Additionally, no internal fees will be charged for the first six months for the FDB Choice Home Loan.

The Revolving Working Capital Term Loan gives established new and existing customers the freedom to:

• access funds when they need them,
• repay what they use, and
• draw again without the delay of a full loan re-application.

This facility offers a 12-month revolving credit limit with annual review of performance and mirrors the natural rhythm of business — seasonal cycles, fluctuating revenue, and changing operational needs. Reliable working capital keeps businesses moving. It sustains jobs, drives production, and supports industry growth And that directly strengthens Fiji’s economy.

The FDB remains committed to uplifting communities, supporting national development priorities, and creating financial pathways that enable Fijians to progress. FDB Choice Home Loan application opens on 2 January 2026, while the Revolving Working Capital Term Loan application is now open from today.