Over $1 million Civil Servants Mortgage Loans Approved
By Pauline Waruguru
Nevis Reporter - SKNVibes.com
~~Adz:Left~~{Charlestown; Nevis. November 27, 2007} Committee overseeing the Nevis Civil Servants Mortgage loan programme has approved six loans amounting to over One Million dollars.
According to Chris Martin, the Chairman of the committee, members of the committee met recently to deliberate on the loan applications that were submitted. “So far 25 applications have been received. Most are still being processed, but 6 loans were approved amounting to $1,190,202,” Martin said in a press statement yesterday.
The Committee is responsible for disbursing up to $10 million on Mortgage Loan Funds to Nevis Civil Servants, both established and non-established. Some loans are available at 100% financing, that is, with no down payment.
The Programme, which is funded by Social Security, was launched on October 16, 2007.
“For the applications that are still being processed, the Committee is working diligently to ensure completion in a timely manner, with assistance from the Nevis Cooperative Credit Union, and Human Resource Dept. of the Nevis Island Administration,” Martin is quoted saying in the Press statement.
The committee has reminded Civil Servants interested in Loan Programme to familiarise themselves with the criteria they should meet. According to the Press statement applicants should have worked for five years in the Civil Service.
Application forms and brochures can be picked up at 5 locations:
• The Credit Union
• Social Security, Nevis Office
• Human Resource Dept
• Nevis Housing and Land Development Corporation
• Ministry of Finance
If pursuing construction on your own, the following documents are required:
• Approved Plan,
• Estimate of Construction Costs, and
• Proof of Ownership of Land (either Certificate of Title, or Deed).
