Guidelines:
- Requests for increase in priority for minor/general repairs and maintenance to properties & for extension purposes, where the property will be rented out will not be entertained.
- Request for increase on priority for extension purposes, where the property will be rented out will not be entertained.
- Request for increase in priority for improvement and major upgrading may be considered provided there is substantial enhancement to the value of the property and that the total commitment inclusive of the FNPF transferred portion is within 100% of the value of the property on completion of the works.
- Where properties are valued above F$100,000 all existing security arrangements inclusive of FNPF transfers must be within 80% of the property valuation.
- Loan repayment must not exceed 35% of the member’s/joint owners’ gross income per month. Management reserves the right to consider an application on its own merit where the repayment is above 35% but not exceeding 45%. This however would be dependent on applicant’s total income.
- Incomplete request will not be accepted.
- Request letter from the lender.
- An original stamped copy of the title showing the latest translation certified by the Registrar of Titles (The certification should not be more than 1 month old)
- A current valuation report of the property from one of FNPF's Approved Panel of Valuers. The valuation report should not be over 5 years old.
- Processing of $35.
- A copy of all loan offer acceptance letter from the lender.
- A current statement of the housing loan account.
- Applicant’s/ joint applicant’s current salary slip or evidence of income.
- Five working days for approval
- Fifteen working days from apporval for legal documentation if required.