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[Jamaica] || National Housing Trust (NHT)

1.    Solar Panel Loan
The Solar Panel Loan provides financing to contributors and recognized institutions for buying and installing solar electricity panels that can be used to generate electricity.

The Solar Panel Loan is a Homeowners’ Loan.  It is available to any contributor who has not previously received an NHT Loan.

You can borrow at an interest rate that ranges from 2% to 8% over a maximum loan term of 15 years. The solar panel system doesn’t have to be installed on the house that is being used as security.

Before applying for the Solar Panel Loan, you should ensure that you meet the minimum requirements.  To know if you meet the minimum requirements you should answer yes to the following questions at the time of your application:
•    Have you been established for at least 5 years?
•    Are you up to date with your contributions (that is Annual Returns and employee contributions are current)?
•    Do you have proof of income and the ability to repay the loan?  (click here to check with our Mortgage Calculator)
•    Can you demonstrate the capacity to repay the loan without a negative impact on your operations?
•    Do you possess documentation that clearly outlines persons with authority to conduct legal/business transactions on behalf of your institution?
•    Can you show that your institution’s constitution gives it the authority to borrow?
You should then contact your NHT Office for a list of the documents that you will need for your loan interview. Once you have all the required documents and information, call and schedule an appointment.

2.    Solar Water Heater Loan
The Solar Water Heater Loan provides financing to contributors and recognized institutions for the installation and retrofitting of solar heating systems.

The Solar Water Heater Loan is available to any contributor (only one is allowed per applicant) who can provide a title for a residential property or who has at least enough funds in their Contribution Accounts here at the NHT equal to the cost of the system + $20,000.  Contributors may apply regardless of whether or not they have already received an NHT loan.

You can borrow at an interest rate of 3% over a maximum period of 5 years (with a 5% service charge), to buy and install the system. The solar water heater system does not have to be installed on the house that is being used as security.  A portion of the loan may be used to purchase and install water tanks and pumps.

Loan Type    One Applicant With co-applicant (s)
Solar Water Heater $250,000 ———————-
Solar Panel $1.2 Million $2.4 Million

Contact:
Corporate Office
4 Park Boulevard, Kingston 5
Jamaica W.I.
Tel:(876) 929-6500 -9,
(876) 960-4013-23,
(876) 929-6627-34



Category/ies:Funding Opportunities.
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