Search for:
Home
Contact Us
Branches
Personal
Deposits
Retail Loans
Lockers
mPassBook
M-Connect+
RF2I
Business
Deposits
Credit
Micro Finance
Micro Deposits
Micro Credit
Remittance
Fiji Clear
Bankers Cheques
Swift
Demand Drafts
Rapid Funds 2 India
NRI
Interest Rates
Credit
>
Baroda Farm Loan
Baroda Farm Loan
Purpose
Facility
Eligibility
Limit
Repayment
Other Information
Fees and Charges
Download Brochures
Download Form
Branch Locator
Inquiry
Quick Links
Personal
Business
Deposits
Credit
Micro Finance
Remittance
NRI
Interest Rates
Application Forms
Exchange Rates
Baroda Farm Loan
For Agriculture financing
Purpose
purchase of farm land, farm development / cultivation and other farm related expenses
F
acility
F
arm
OD/Demand Loan
Eligibility
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.
Loan Amount
:
Minimum $3000.00
Maximum $25000.00
(Subject to Cane Production, Repayment Capacity and availability of Security)
Repayment Period
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).
Other Information
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:
Sugarcane contract (in case of sugarcane farming)
Lease deed or approval notice
Title deed of the land
Documentary evidence to ascertain that the rent on leasehold land has been paid up to date.
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).
Documentation
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
Terms and Condtions apply
Fees and Charges
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
© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.