Fijians can now access affordable and environmentally friendly transport following the signing of Memorandum of Understading between Fiji Development Bank and FMF Electric Vehicles PTE Limited’s.
FDB Chief Executive Officer Filimone Waqabaca reveals that FDB will offer electric vehicle loans at an interest rate of 3.99 percent, with financing of up to $200,000 over a maximum term of seven years, making it one of the most affordable car loan options currently available in Fiji.
He says Fiji, like many small island developing states, remains on the frontline of climate change, with rising fuel costs and environmental vulnerabilities driving the need for cleaner and smarter transport solutions.
He adds that the bank has expanded its green financing initiatives, including renewable energy support and energy-efficient investment products, with the EV loan scheme forming part of this broader effort.
FMF Marketing Manager Maria Kumar, delivering remarks on behalf of CEO Sanjay Punja, says the collaboration goes beyond vehicle sales and focuses on making sustainable transport accessible, practical and affordable.
She says the initiative will give consumers confidence to invest in 100 percent electric vehicles while contributing to reduced emissions and lower fuel dependency.
Kumar adds that the partnership will enable families, businesses and communities to transition to electric mobility, describing it as an investment in long-term savings, energy efficiency and environmental responsibility.
FMF Electric Vehicles General Manager Reshmani Murti addressed concerns about rural accessibility, stating that the vehicles have been tested on rural road conditions and perform similarly to petrol-powered cars.
Murti says entry-level models can travel up to 330 kilometres on a full charge, with battery life lasting up to 6,000 full charge cycles.
She adds that charging infrastructure is expected to be in place soon, while vehicles can also be conveniently charged at home, helping users save on fuel costs.
Operations Manager Jim Taniela also adds battery recycling will not be conducted locally, with used batteries to be shipped overseas as Fiji currently lacks the required facilities, while relevant policies are still being developed.
