FDB and TLTB collaborate to strengthen land processes through digitalization

The Fiji Development Bank has signed a partnership with the i-Taukei Land Trust Board to enhance its customer service delivery especially in obtaining clearance to mortgage and consent to transfer iTaukei land leases.

TLTB CEO, Tevita Kuruvakadua says their main objective is for the provision of ease of doing business in the implementation of important statutory requirements through available digital platforms which are less costly and effective to both agencies.

Kuruvakadua adds that while TLTB facilitates accessibility of iTaukei land, FDB will provide accessibility to capital for tenants so that they can develop the land.

Meanwhile FDB CEO, Saud Minam says this arrangement will eliminate the process of customers visiting TLTB to obtain the necessary approvals before they submit their loan applications to FDB.

The online platform will allow the two organizations to share information including searching of leases, breach status and updating mortgage clearance details.