Direct Loans

Lending has been the principal tool used by the Bank in support of the members´ economic development, and it continues to be the Bank´s main activity. You may apply for a direct loan to start up a new business or expand your existing business. Following are the specific general information about our direct loans.

Loans are allocated to businesses in the member countries based on the amount of equity capital contributed. For example, Yap, who has already paid its full $1 million in capital to the bank may receive loans up to $1 million.

Minimum Loan Amount: $20,000

Maximum Loan Amount: Not to exceed 20% of total assets; and depends on funds available to each member country (capital contributed less outstanding loan balances)

Interest Rate: 10% fixed

Loan Term: Up to 20 years

Collateral Required: Assets with value equal to or more than loan amount

Loan Fee: 1.5% of loan amount payable at loan closing

Other Fees: Borrower will be responsible for fees associated with escrow closing services

PIDB Scholarship Application

ANNOUNCEMENT

In its effort to contribute to the education and development of human resources, Pacific Islands Development Bank (PIDB) is again offering scholarships for the upcoming school year 2011-2012. An applicant must be a citizen of any of the following PIDB member jurisdictions...

News »

PIDB Board Reviews 2010 Results, Elects New Officers

Colonia, Yap - The Board of Governors of the Pacific Islands Development Bank (PIDB) held its annual meeting in Yap on February 28, 2011. Board Chairman and Governor of Yap State, Sebastian Anefal, called the meeting to order, welcomed everyone to Yap with special recognition to new Board members including...

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How To Apply »

Our Checklist of general requirements and sample forms may be downloaded from our website. Our loan process is very simple.

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Downloads »

Download Loan Packages Forms in PDF Format

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