Housing Assistance
Members 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.
DOWNLOAD: Application Form
A) ASSISTANCE PROVIDED UNDER VILLAGE HOUSING SCHEME
Building a new house
The Village Housing assistance enables a member to build a new house in the village where the member would on occasion inhabit. ...Read more
Extensions on Current House
The Village Housing assistance enables a member to extend the current house in the village where the member would on occasion inhabit. ...Read more
Upgrade or Completion of Current House
The Village Housing assistance enables a member to upgrade or complete current house in the village where the member would on occasion inhabit. ...Read more
Electrification of House & Installation of Water Tank
The Village Housing assistance enables a member to install a water tank and electricity for the current house in the village where the member would on occasion inhabit. ...Read more
Purchasing Case – House/Vacant Land
Under this assistance members are able to utilize their housing entitlement to purchase land to build house/land & house or house. ...Read more
Debt Reduction Case
Under this assistance, members are able to utilize their funds to reduce their housing loan provided that they are the legal owners of the property. ...Read more
Paying – Off Case
Under this assistance, members are able to utilize their funds to off set their housing loan provided that they are the legal owners of the property. ...Read more
Upgrading/Extension Case
Under this assistance, members are able to utilize their funds to renovate/extend their house. ...Read more
Change of Lender Case ...Read more
Consent Case (Increase in Priority/Consent 2nd & 3rd Mortgage):
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