Loans for fruitful returns

A helping hand for our hardworking farmers!

  • Facility
  • Eligibility
  • Loan Amount
  • Repayment
  • Fees and Charges
  • Documentation
  • Terms & Conditions
  • Farm OD/Demand Loan

All individuals of Fiji Citizenship who have attained the age of Twenty One years and engaged in Farming Activity for at least three years.
Lease period of Land should be sufficiently higher than repayment tenure of the loan.
Average tonnage in case of sugarcane farming during during the last three years is minimum 200 Tonnes.

Minimum $3000.00
Maximum $25000.00

(Subject to Cane Production, Repayment Capacity and availability of Security)

  • Loan can be repaid in maximum of 60 month with 30% of cane proceeds as available from Fiji Sugar Corporation (In case of sugar cane farming).
Establishment Fees
Upto $1,000.00 $50.00
From $1,001.00 to $2,500.00 $100.00
From $2,501.00 to $5,000.00 $100.00
From $5,001.00 to $10,000.00 $200.00
From $10,001.00 to $20,000.00 $300.00
From $20,001.00 to $200,000.00 1.00% of Loan Amount / OD Limit
Above $200,000.00 0.75% of Loan Amount / OD Limit
(Minimum $2,000.00)

 

Credit Service Fees
 
Upto $1,500.00 $5.00 per month
From $1,501.00 to $5,000.00 $15.00 per month
From $5,001.00 to $10,000.00 $20.00 per month
From $10,001.00 to $30,000.00 $35.00 per month
From $30,001.00 to $50,000.00 $70.00 per month
From $50,001.00 to $70,000.00 $100.00 per month
From $70,001.00 to $90,000.00 $120.00 per month
From $90,001.00 to $100,000.00 $140.00 per month
From $100,001.00 to $200,000.00 $240.00 per month
Above $200,000.00 0.125 % of Loan Amount / OD Limit per month
(Minimum $240.00  and Maximum 1,500.00)

 

Inspection Fees
Upto $10,000.00 $30.00 per visit
From $10,001 To $25,000.00 $60.00 per visit
From $25,001.00 To $50,000.00 $75.00 per visit
Above $50,000 $100.00 per visit

Security Document Handling Fees
Upto $10,000.00 $25.00 (for all Documents)
From $10,001.00 To $50,000.00 $50.00 (for all Documents)
Above $50,000.00 $100.00 (for all Documents)
(Solicitor charges + out of pocket expenses to be recoverred seperately)

Loan Arrear Fees
Upto $500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $501.00 To $1,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $1,001.00 To $2,500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $2,501.00 To $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Above $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month

 

Opinion Fees
Local $25.00 + Out of Pocket Expenses
Overseas $50.00 + Out of Poecket Expenses

Modification in Terms and Conditions
For each modification $100.00

Stamping/Unstamping Charges
$15.00 + out of pocket expenses

 

Document Discharge Fees
 $100.00 per document   

Settlement Fees
$150.00 per settlement

 

Search Fees
$30.00 subsequent $10.00 per hour

Data Bureau Charges
$17.00

 

Cheque Book Charges  
$2.00 per fifty leaves book plus stamp duty as applicable
(For Current and Overdraft Accounts)

Stop Payment Charges 
$10. 00 per instrument

Duplicate Statement Fees
$5.00 per page Computer Printout
$7.50 per page statement

Dishonour Cheque Charges 
Outward-$25 per instrument

Cash Handling Charges
Total cash deposit below $5000 (per day) Nil
Total cash deposit $5000 & above (per day) 0.50% of total cash deposit

  • Stamped agential authority
  • Registered crop lien over farms
  • Registered mortgage of farm land
  • Third party guarantee if mortgage property belongs to guarantor
  • Bill of sale over vehicle if required

Computation of Eligible Amount:

Minimum of amount computed as the lowest among as under :
$15/- per tonne for  the average production of last 3 years (in  case of sugarcane farming) Or 50% of market value of land/other security whichever is lower.

 

Documents :
Following Documents are required for processing Farm Loan:

  1. Sugarcane contract (in  case of sugarcane farming)
  2. Lease deed or approval notice
  3. Title deed of the land
  4. Documentary evidence to ascertain that the rent on leasehold land has been paid up to date.
  5. Ascertain from the sector office of the Fiji Sugar Corporation FSC) about cane harvested per annum for the last -3-  years as well as estimated crop for the current year (in  case of sugarcane  farming).

Terms and Condtions apply

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