National Housing Trust Jamaica -Contributions from abroad for NHT Benefits
QUESTION: I currently live in England & wanted to find out about the scheme whereby Jamaicans living overseas can now make NHT contributions.
If so, how can I go about doing this & how much would I need to contribute before I can apply for a loan?ANSWER:
by Wellesley June 13, 2012
I sent your request to the NHT, and here is their response (below):
Thanks for your question regarding making contributions to the National Housing Trust.
We would welcome the opportunity to assist our fellow Jamaicans living abroad to get a home benefit though the NHT to purchase a home or build on land back home.
In order to answer the question better, we need to determine if ever contributed to the NHT before, and if you did, you'll need to provide your NIS number in order that further checks can be conducted.
However to give you some idea as to how you may benefit from the NHT, the following apply:
- If you were in the system before as a contributor for over one year, your wait time for loan processing will be 1 year after paying contributions on time, each month, for a minimum of one year. (The contributions are to continue after the loan has been processed and disbursed)
- If you have not contributed before, your wait time for loan processing will be 2 years subject to your making monthly contributions each month, on time, for a minimum of 2 years after
paying contributinos on time, each month, for a minimum of 2 years. (The contributions are to continue after the loan has been processed and disbursed)
- The monthly contributions is 3% of your monthly income and can be paid to us via standing orders, international money order or by having your local agent make payments to the account on your behalf.
- Interested persons may apply to the NHT for further information. There are documents which will be needed and these can be emailled for you to download, filled up, stamped by a Notary Public (or the Jamaican Consulate) and returned to us via mail. (It is recommended that you should have an agent in Jamaica visit our office and open the account on your behalf.
You can then send the package to the agent with an introductory letter, duly signed by a notary public.
Additional Information: By way of this, I am copying the Compliance Manager, Mr. Donovan Evans. Please feel free to make further contact, copying him, for any further details you may need.
We trust that the information will be found useful and look forward to assisting you further. (CSM, St James)
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