Jamaica - Home Improvement Loan

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Procedure

Apply In-Person

1. To apply for a Home Improvement Loan, you should visit the National Housing Trust (NHT) office to submit the application if you meet the required criteria outline in the “Instructions” section below. You can view the NHT contact details via this link: Link
2. If you meet the required criteria, consult with your NHT branch about the required documents need to apply for the loan including the Income and Expenditure Data Sheet, Statutory Declaration of Property Form and a Declaration Form for registered proprietors who are not borrowers
3. Now fill all the provided forms accordingly and gather all the required supporting documents as advised by the NHT and then contact NHT via a call to schedule for an interview regarding your loan application
4. Attend the interview on the appointment date and present all the required documents to the NHT officials for verification.
5. Upon a successful loan interview and NHT determines that you are eligible for the loan, they will process and pay the first part of the loan within three months of the loan interview

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Required Documents

• N.I.S. Card.
• T.R.N. Card
• If employed to a company:
  • Verification of Gross Income and Contributions letter from past and present employers
  • Last two (2) pay slips from present employer.
• If self-employed: Visit or contact the Compliance Department to ensure your contributions are current.
• Proof of Age: Certified copy of New Birth Certificate.
• Acceptable means of Identification (valid Driver’s License; Passport; National Voters Registration Card; or Identification issued by present employer, bearing photograph and identification number with a future expiry date).
• One (1) current passport-sized photograph (if applying for an Open Market Loan) or Two (2) current passport-sized photographs (if applying for Construction Loan).
• Certified Marriage Certificate (where applicable). Submit relevant documents in the case of divorce.
• Copy of Registered Title
• Certificate of Payment of Taxes for property.
• Certificate of payment of peril insurance from Strata/Housing Cooperation (where applicable)
• Letter of Commitment from other financial institution (applicable for applicant(s) who is/are also getting funds from another financial institution).
• Proof of Ownership (Registered Certificate of Title)

Office Locations & Contacts

National Housing Trust
Corporate Office
4 Park Boulevard,Kingston 5
Jamaica W.I.
Tel (876)929-6500
(876)960-4013-23
(876)929-6627-34

Toll Free numbers:
(for local callers only)
(1-888)-CALL NHT
(1-888)225-5648
(1-888)991-21857
(1-888)991-4249
Email: [email protected]
website: Link
Contact information and NHT branches: Link

Eligibility

• Be a NHT contributor of between the age of 18 to 65 who owns land which you can build on, or you are in the process of buying the land, or do you have legal permission to build on land owned by someone else who has a Registered Title for the land and you earn income that will allow you to pay for the loan

Fees

• Free

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

• Income and Expenditure Data Sheet: Link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time depends on the date you will select for loan interview and once you attend the interview, NHT will process and pay the loan payment within 90 days from the date of the interview

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

Answer these set of questions to determine if you meet the required criteria of the BOL loan application and if your answer is yes to all the question then you can apply for the loan

• Do you own land on which you can build, OR are you in the process of buying the land, or do you have legal permission to build on land owned by someone else who has a Registered Title for the land?
• Do you earn an income that allows you to repay the loan?
• Are you now contributing to the NHT?
• Have you made at least 52 weekly contributions, 13 of which were made during the last 26 weeks?
• Are you able to account for your contributions and have paid up, with interest, any outstanding contributions due in the last 3 years?
• Are you between the age of 18 and 65 years?

Required Information

• Names
• Address
• Tax Identification number
• Declaration
• Income details
• Date and signature

Need for the Document

• This type of loan assists you to improve your home

Information which might help

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Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• NHT: Link

Others

More information which might help people.