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The Minister for Finance, Commerce and Business Development, Hon. Esrom Immanuel, has launched two milestone financial products under the Fiji Development Bank (FDB), aimed at improving home ownership and strengthening business growth across Fiji.
He said the launch of the FDB Choice Home Loan and the Revolving Working Capital Term Loan marks a significant step in creating real, accessible opportunities for families and entrepreneurs.
Key highlights from the launch:
- The FDB Choice Home Loan supports first-home buyers, young families, women, youth, persons with disabilities, and informal-sector workers.
- Interest rates start from 3.99%, with no internal fees for the first six months.
- A special unsecured renovation loan is available for rural households without collateral.
- The Revolving Working Capital Term Loan offers flexible, renewable financing to help businesses manage cash flow and seasonal demands.
- The product supports key sectors including transport, retail, agriculture, and tourism.
Minister Immanuel said the initiatives reflect a shared commitment between the Government and FDB to ensure no Fijian is left behind and to expand access to opportunity and economic mobility.
He officially launched both products, expressing confidence that they will empower families, strengthen businesses, and contribute to Fiji’s long-term economic resilience.
