To meet the Fixed Assets and Current Assets requirement for Small Business


  • Low income households and individuals having weekly income of $100 in a household of five members
  • Minimum age 21 Years and Maximum Age 52 years

Loan Amount

Type of Borrower Minimum Loan Amount Maximum Loan Amount
Individual Borrower $100.00 $500.00
Group Borrower $100.00 $5000.00
(Amount per borrower in the group not to exceed $500.00)

Type of Facility

The facility is available in the form of Overdraft for day to day transactions and also in the form of Demand Loan for which repayment is made periodically as per sanctioned terms.

Repayment Period

Overdraft Facility : The facility is reviewed every year (12 months from the date of sanctioned)
Demand Loan : The loan can be repaid in maximum three years (inclusive of moratorium period of maximum six months). The facility is subject to annual review.

Other Information
  • In case of Group finance cross guarantee is to be obtained.
  • Bank offers interest concessions of 0.50% by way of reimbursement at the time of last installment if all installments are paid regularly during the loan tenure without any default.
  • Creation of General Debenture over Goods / Plant & Machinery
  • In case of overdraft facility the Cheque Book is provided free of cost however applicable stamp duty to be borne by the borrower
  • Terms and Condition apply

© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.