FAQs

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?
   

   Business Term Loan	1-12 years term
   Housing	1-20 years term
   Personal	1-3 years term
   Micro finance	1-2 years term

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.