Quick Repair Loan.
New or existing customers can apply for a loan of maximum $4000 to repair, upgrade, renovate, fencing, driveways and retainer walls etc. If the loan amount exceeds $4000, then it is classified under Construction loan. This loan would be added to the current mortgage balance.

Terms and Conditions.
Interest rate of 7.99% will apply and if the customer is enjoying the fixed rate of 5.99% it will continue until the fixed term.
Client must have a new or existing mortgage with Housing Authority.
Loan term to be same as existing mortgage.
Total loan plus FNPF including the repair loan should be less than 80% of the value of the property.
Total commitment of 35% of gross salary for income less than $25,000 per annum and 40% above $25,000.

Requirements:
Certified true copy of title.
Pay slips / Statutory Declaration (Self employed)/ Income Statements / Cash flows / three years audited financial report.
Application fee $27.50.
Quotations or letter if self-building