·
Housing AssistanceMembers can apply for two thirds of the balance of the account for the purpose of home ownership. Under the scheme, the member applies through an 'approved lender' who provides 100% loan for home ownership. The member's transfer from his account is utilized to reduce the loan with the approved lender. The transferred amount may be repaid by instalment if the member chooses, however no lump sum repayment will be accepted prior to retirement.
A) ASSISTANCE PROVIDED UNDER VILLAGE HOUSING SCHEME
- Building a new house
- Extensions on Current House
- Ugrade or Completion of Current House
- Electrification of House & Installation of Water Tank
B) ASSISTANCE PROVIDED THROUGH LENDER-HOUSING SCHEME
Subsequent/Further Transfer
Member(s) will need to seek FNPF's approval for a further transfer request first before a formal application is lodged.
C) ASSISTANCE PROVIDED UNDER DIRECT HOUSING SCHEME
Member(s) will need to seek FNPF's approval for a further transfer request first before a formal application is lodged.
C) ASSISTANCE PROVIDED UNDER DIRECT HOUSING SCHEME
- Purchasing A Dwelling House
- Building/ Extending a House
- Improvement/Upgrade/ Renovation of House
- Purchasing TLTB/Lands Department Land
- Payment of Fees to Public Trustees Corporation Ltd
D) CHECKLISTS