Jamaica - Solar Panel Loan

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Procedure

Apply In-Person

1. To apply for a solar Panel 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
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 loan to either you or the supplier
6. Once the funds are disbursed, the NHT will inform the you in writing when you should begin repaying the loan

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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.
• Copy of Registered Title
• Certificate of Payment of Taxes for property.

Any other documents advised by the NHT

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

• All NHT contributors and recognized institutions, such as hospitals, educational institutions, among others. Individuals, who received an NHT loan at least fifteen (15) years earlier, are eligible for a second loan that can be used to purchase and install a solar energy system, including a solar panel.

Fees

• Application fee is free

Validity

• You can borrow at the current interest rate for a maximum loan term of 20 years

Documents to Use

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Sample Documents

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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

Solar Panel Loan

• You have a registered title for a residential property to use as security for the loan.
• You earn an income that allows you to repay the loan.
• You are currently contributing to the Trust.
• Have made at least 52 weekly contributions of which 13 must have been made in the last 26 weeks just before the date of your application.
• You are able to account for your contributions and have paid up, with interest, any outstanding contributions due in the last 3 years (12 months if you are a Voluntary Contributor earning less than $7,500).
• Applicants must be between 18 and 65 years old.

Required Information

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

Need for the Document

• 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

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

• NHT: Link

Others

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