1. What kind of loans/products does TDB offer?

• • • Loan Products
      • Housing Loan & Personal Loan
      • Term Loan – Business & Agriculture & Fishing
      • Microfinance
      • Government Managed Funds – Business & Agriculture & Education
    • Cheque Account and Overdraft Facility
    • Savings – Passbooks
    • Money Transfer – Domestic and Mobile Money
    • Investments – Promissory Notes & Term Deposits
    • Foreign Exchange Products
      • Cash Currency Exchange
      • TT’s November 2015
      • Spot, Forward Exchange and LC before 1st quarter 2016.
    • Business Advisory Services
    • Agency Services – WBOT and Sub Treasury

2. I want to start a business and would like to apply for a loan, what loan should I take?
The loan will depend on the kind of business set up. Eg. For a Tourist operator planning to renovate existing facility, will need to apply for a Business Loan.If business need working Capital then apply for an Overdraft Facility. You can call us at 00 676 23 333 or email customer service center at tdevbank@tdb.to for more information.

3. How do I go about obtaining a loan?
In order to obtain a loan you must;

• complete the loan application form
• provide supporting documents required for the loan.
• you will be given a checklist of the supporting documents required with your loan application.

To apply for a loan, you can call us at 00 676 23 333 or email us at tdevbank@tdb.to for more details.

4. What are the requirements I need to provide for my loan?
If it’s a loan to buy vehicle for personal use the must meet the following criteria;

• Be 18 years age or older
• Resident of Tonga
• Have acceptable Credit history
• Sufficient collateral
• 50% of your salary can repay loan within 3 years max.

You can call us at 00 676 23 333 or email customer service center at tdevbank@tdb.to for more information.

5. What is the interest rate charged?
This again depends on loan type but interest rates range from 8% to 13.0% per annum variables and on reducing balance basis.

6. What is the term of my loan?

7. How much do I have to contribute towards my loan?
Minimum equity contribution of at least 25%.

8. How long will it take for my loan to be approved?
Depends on the nature and amount of loan request ie Personal loan 2- 3 days. Term Loan ie Within 1 – 2 weeks depend on size of the loan.

9. When can I get my funds/cheque?
Same day after signing and completion of the loan documentations

10. Do you have on-line applications?
Not at the moment but plans are underway to provide this facility.

11. Where can I apply for a loan?
Any of the TDB branches or representative offices located in the Kingdom.

• Main office in Nuku’alofa Ph# 00 676 23333
• Tatakamotonga Office in Hahake District Ph# 00 676 32600
• Nukunuku Office in the Hihifo District Ph # 00 676 42200
• ‘Eua Branch Ph# 00 676 50 103
• Ha’apai Branch Ph# 00 676 60333
• Vava’u Branch Ph# 00 676 70333
• Niuatoputapu Branch Ph # 00 676 7585406
• Niuafo’ou Branch. Ph# 00 676 80 077

You can call us at 00 676 23 333 or email customer service center at tdevbank@tdb.to for more information.