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If you are an overseas contributor, your contribution is quoted in the currency of the country which you are working. Your payment will then be converted to local currency at the prevailing rate set by the Bank of Jamaica on the date the payment is processed.
Your first payment is due immediately upon registration. Thereafter, voluntary contributions are due by the last day of every month and must be paid no later than the 15th of the following month. For example, voluntary contributions for the month of September are due September 30th but must be paid by October 15th to avoid penalties.
Yes. Contributors who were assessed for periods worked in Jamaica before going overseas are liable for these outstanding amounts inclusive of interest thereon.
You will be contacted within 3 working days following the submission of your application.
Voluntary contributors will not be charged interest on contribution principal arrears, i.e., contributions due since voluntary registration but not yet paid.
Voluntary contributors are required to continue making contributions even after they have received a loan from the NHT. If their contributions fall into arrears, the sums due will be deducted from the sums tendered as mortgage payments. Voluntary Contributors who are borrowers would have contribution arrears payments deducted from their mortgage payments.
Payments are only accepted in Jamaican Dollars (JMD) , therefore you would need to convert same to the JMD equivalent.
This facility is available to a contributor, whose income cannot afford the full purchase price of a scheme unit. Under this arrangement, the NHT will defer payment of up to 40% of the cost of the unit.
The NHT may offer a successful applicant, with or without a co-applicant, a short-term Lease, not exceeding three (3) years. The Lessee has the option to purchase the Unit at its original selling price, at anytime during the Lease period. If you would like to know how the NHT can help you in owning one of these units, then contact us
The Priority Index Entitlement (PIE) System is the selection system used by the NHT to award scheme loans to eligible contributors. Under PIE selection the criteria are: Parish of residence or Parish of employment— Applicants must live and/or work in the parish where the development is located. Number of points—Points are derived from weekly contributions and current income.
Only the points of the primary applicant will be used for selection. So, ensure that the person with the highest points is the primary applicant.
Only the points of the primary applicant will be used for selection. So, ensure that the person with the highest points is the primary applicant.
