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Subsequent Transfer - Debt Reduction

SECURING YOUR FUTURE
Guidelines:
  1. Further transfers may be considered for housing related debt reduction, provided that the member’s eligibility will result in a substantial reduction in the outstanding debt.
  2. Member(s) will need to seek FNPF's approval for a further transfer request first before a formal application is lodged.
     
Documents to be submitted:
  • Request letter from member.
  • A current statement of the housing loan account.
  • A current valuation report of the property from one of the FNPF Approved Panel of Valuers.
  • A copy of title.
  • Receipts from the relevant authority showing evidence that land rental, town or city rates are up-to-date.  
  • If member unemployed than satisfaction letter from lender.