Under this assistance members are able to utilize their housing entitlement to upgrade property for home insurance cover.
Guidelines:
- The member may apply directly to FNPF if his/her eligibility is sufficient to cover the project cost and the property should be free of any caveats, non FNPF charges and other encumbrances.
- The member must complete the prescribed application form FNPF Form 9G/3 and pay a processing fee of $43.
- Members shall not be entitled for any further housing transfers, if they have previously misused funds under the Village or Direct Housing Loan Schemes, unless their previous transferred amounts are fully repaid. Incomplete Village housing transfers may be included in the FNPF charge but each case will be assessed on its own merit.
- The dwelling house is to be occupied by the member.
- You will not be assisted for minor repairs and maintenance e.g. painting, change of guttering, change of roofing etc.
- Applicants are reminded that they will be required to maintain their property in good condition at their own expense. Inspection may be done by the FNPF to ensure that this requirement is being met.
- Incomplete applications will not be accepted
- An original stamped copy of the title /lease, showing the latest transactions certified by the Registrar of titles office (the certification should not be more than 1 month old and also to be free of any encumbrances).
- Quotation for building materials from three reputable hardware stores if the member is building himself OR General Contract quotation from three building contractors if a contractor is doing the work.
- Four photographs of the house showing areas that need upgrading.
- $43.00 processing Fees. (per applicant)
- 9G/3 Application form
- A quotation from Registered Civil Engineer.
The amount approved will be paid in installments, direct to member’s bank account
Processing Time:
Approval
- Processing time for approval of your application would be approximately 5 working days. It takes longer if all information is not submitted, or queries are not answered promptly.
- The FNPF legal documentation will be done by our legal department at a reasonable fee. The processing time will be approximately 15 working days.
- Two working days from completion of legal documentation for payment