Talk to us about our Term Loan Product and let us be your solution:
Why FNPF?
- Established in 1966
- 395,246 members
- Asset Portfolio accounts for 56% of GDP
- Major investor and largest property owner
- Credited $175m (5.75%) to member account in FY 2014
- Total Portfolio size $4.5b - Commercial Lending represents 8% of the portfolio
Product
Term Loan
Eligible investment sectors:
- Agriculture & Forestry
- Manufacturing
- Wholesale & Retail Trade
- Hotels & Restaurants
- Transport, Storage & Communication
- Financial Intermediation
- Real Estate & Business Services
- Public Admin & Defense
Investment Restrictions and Prohibited Investment
- Not more than 7.5% of the total market value of the portfolio can be invested in a single company.
- Any activities considered illegal by Laws of Fiji.
- Mining explorations or any form of explorations are prohibited
- The Fund will not guarantee or take any
Our Loan Conditions |
|
| Minimum Loan Amount | $ 1,000,000 and above and should not exceed two third of security value |
| Securities |
Registrable Securities approved by the FNPF Board It can be any of the following:
|
| Term |
5 to 30 years Interest only period during the construction is available. |
| Offer | Valid for 30 days. |
| Cost | All costs associated with the project to be borne by the borrower. |
| Valuation | Valuation is to be conducted every 5 years by the Fund’s approved panel of valuers reflecting the value of development |
| Financials | Annual projections & Audited Accounts |
Our Fees and Charges
| Our Fees and Charges | |
| Loan Administration Fees |
|
One-Off Establishment Fee |
|
| $1,000,000 to $20,000,000 | 0.50% p.a |
| Above $20,000,000 to $ 40,000,000 | 0.45% p.a |
| Above $40,000,000 to $80,000,000 | 0.40% p.a |
| Above $80,000,000 | 0.35% p.a |
Commitment FeesTo be charged where Credit Facility is not drawn during the following period: |
|
| From date of execution until first drawdown | 0.25% p.a |
| From commencement of first drawdown until final drawdown | 0.10% p.a |
| For undrawn loans that has been approved but remains undrawn after a period of 6 months. A fee of 0.5% p.a is to be charged 6 months after offer accepted until funds are drawn. | 050% p.a |
| Settlement Fee |
|
| Legal Cost |
|
The FNPF Board reserves the right to waive any fees and charges at its discretion.
Information Guideline
The following information are to be incorporated in your project proposal:
1. Applicant’s Background :
- Company background
- Ownership structure
- Background on the Directors
- Audited financial accounts for the past 3 years
2. Business Plan - Vision, Strategy of the project, Marketing and Sales Strategy, Operational and financial forecasts.
3. Succession Planning
4. Project Background
5. Structure of team - including qualification, experiences and references
6. Project Cost
7. Feasibility /market study conducted by independent professional
8. Funding Structure:
- Equity Portion
- Debt Portion
9 Finance Details
10 Term Loan
11 Interest Rate Sought
12 Future Projections :
- During Construction
- After commencement of Operations
Downloads
Contact Us
Call (+679) 3307811
Monday – Thursday 08:30 a.m to 05:00 p.m (FJT)
Friday 08:30 a.m to 04:30 p.m (FJT)
