As a member of FNPF you are entitled to:
- Build a house with a minimum amount of $10,000.00 either solely or jointly if there are multiple applicants applying for the same project.
- Extend or Renovate with a minimum amount of $5,000.00 either solely or jointly if there are multiple applicants applying for the same project.
- Quick Repairs with a maximum amount of $5,000.00. You may re-apply after a period of 3 years from the last payment date.
- Access your General Account to purchase a land or dwelling house or extending, renovating, reducing or paying off a home loan by way of investment provided the property is registered under your name.
Things to Know Before You Proceed
- You must have sufficient General Account Balance.
- An early withdrawal will reduce your General Account balance and will also reduce your retirement funds when you reach the age of 55.
What if my General Account is not Enough, Can I Access My Preserved Account?
- You may access your Preserved Account ONLY if it is your first housing application to purchase a vacant land (for urban housing only) or purchase an existing house or to build a house.
- The maximum limit you can access is 21% of your Preserved Account balance.
- This would mean that the total amount that you withdraw would be 51% of your total balance (GA [30%] + PA [21%]).
- Your General Account balance will remain at zero until your Preserved Account has been replenished OR 5 years has lapsed.
- You can only access your Preserved Account once.
Housing Withdrawals Before 1st November, 2014
If you had made a housing withdrawal before the 1st November,2014 with an amount less than $5,000.00, you may also access your Preserved Account for purchasing a vacant land or purchasing a house or building a house.
Here are the options available for you as a member if you live in within a town or city or if you are thinking of starting out in one.
| Options | Min or Max Limit You Can Request | Fee |
| Buying Your Property | Min. $10,000.00 | $100 |
| Buying Land from TLTB | Min. $10,000.00 | $100 |
| Buying Land from Lands Dept. | Min. $10,000.00 | $100 |
| Paying Survey Fees | Cost of Surveying Fees | $100 |
| Reduce Your Home Loan | Min. 15% of outstanding loan amount | $100 |
| Pay Off Your Home Loan | Depending on Eligibility | $100 |
| Make Quick Repairs | Max. $5,000.00 | $50 |
| Build Your Home (Partly Financed) | Depending on Eligibility | $100 |
| Build Your Home (Fully Financed by FNPF) | Min. $10,000.00 | $100 |
| Extend Your Home | Min. $5,000.00 | $100 |
| Renovate Your Home | Min. $5,000.00 | $100 |
| Electrification Installation | Depending on Project Cost | $100 |
| Installation of Solar System | Depending on Project Cost | $100 |
| Installation of Water Tanks | Depending on Project Cost | $100 |
| Discharge | Not Applicable | $50 |
Option 1 – Buying A Property
Thinking of buying that dream home or starting off by buying your very own piece of land, here is what you need before visiting an FNPF office:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Valuation Report |
|
| 3 | Sales and Purchase Agreement or Sale Note (Copy) | |
| 4 | Building Plan (Draft) | You will have to give us a copy of the plan when it is approved. |
| 5 | Lender’s Offer (Signed Copy) | If you are also taking a loan from any of our panel of Lenders. |
| 6 | Bank Statement | This is only needed if you are choosing to use only your FNPF money and not borrow from any of our panel of Lenders and your FNPF money is not enough to buy the property. |
| 7 | FNPF 9U01 Form | Completed Form |
Option 2 – Buying Land from iTaukei Lands Trust Board (TLTB)
If you plan to buy a piece of land from the TLTB, you are to bring the following documents with you:
| # | Document | Description |
| 1 | I-Taukei Lease |
|
| 2 | Offer Letter |
|
| 3 | Statement of Account |
|
| 4 | FNPF 9U01 Form |
|
Option 3 – Buying Land from the Lands Department
If you plan to buy a piece of land from the Lands Department, please bring the following details with you:
| # | Document | Description |
| 1 | Crown Lease |
|
| 2 | Offer Letter |
|
| 3 | Statement of Account |
|
| 4 | FNPF 9U01 Form |
|
Option 4 – Paying Survey Fees
| # | Document | Description |
| 1 | Two (2) Surveyor Quotes |
|
| 2 | Approved Survey Instruction Form |
|
| 3 | FNPF 9U01 Form |
|
Option 5 – Reduce Home Loan
If you had taken a home loan from an FNPF Approved Lender and want to reduce the loan amount. You can provided that:
- You have enough money in your General Account to pay off a minimum of 15% of your current loan amount. FNPF reserves the right to consider an application on its own merit to avoid mortgagee sale or cases already under mortgagee sale.
- You are the legal owner of the property.
These are the document that you need to submit:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Acceptance Letter |
|
| 3 | Statement of Account |
|
| 4 | FNPF 9U01 Form |
|
Additional documents that may be required by us for mortgagee sale cases only.
| # | Document | Description |
| 1 | Letter of Confirmation from Lender |
|
| 2 | Letter of Confirmation on Withdrawal of Default Notice |
|
| 3 | Default Notice |
|
Option 6 – Pay Off Home Loan
Wanting to pay off your home loan? You can provided that:
- You have enough money in your General Account to pay off your current loan amount. FNPF reserves the right to consider an application on its own merit to avoid mortgagee sale or cases already under mortgagee sale.
- You are the legal owner of the property.
Here are the document that you need to submit:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Acceptance Letter |
|
| 3 | Letter of Settlement Figure |
|
| 4 | FNPF 9U01 Form |
|
Option 7 – Make Quick Repairs
You may use your General Account to make quick repairs to your house however you must be the legal owner of the house. What we need is:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Two (2) quotations for building materials |
|
| 3 | One (1) quotation for labour | - |
| 4 | Four (4) photographs |
|
| 5 | Bank Statement |
|
| 6 | FNPF 9U01 Form |
|
Option 8 – Build A Home (Partly Financed)
If you plan to build your home by taking a loan from an FNPF Approved Lender and want to also use your FNPF money, please bring us the following details:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Building Plan |
|
| 3 | Acceptance Letter |
|
| 4 | FNPF 9U01 Form |
|
Option 9 – Build A Home (Fully Financed by FNPF)
If you plan to build your home using only your FNPF money. You will need to submit the following details to us:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Building Plan |
|
| 3 | Quantity Surveyor Report or Civil Engineer’s Report |
|
| 4 | Two (2) quotations from General Contractors |
|
| 5 | Two (2) quotations for building materials |
|
| 6 | Two (2) quotations for labour |
|
| 7 | Evidence of your contribution. |
|
| 8 | Bank Statement |
|
| 9 | FNPF 9U01 Form |
|
Option 10 – Extend Your Home
If you want to extend your home, you must provide us with the following details:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Extension Plan |
|
| 3 | Quantity Surveyor Report or Civil Engineer’s Report |
|
| 4 | Two (2) quotations from General Contractors |
|
| 5 | Two (2) quotations for building materials |
|
| 6 | Two (2) quotations for labour |
|
| 7 | Evidence of your contribution. |
|
| 8 | Four (4) photographs |
|
| 9 | Bank Statement |
|
| 10 | FNPF 9U01 Form |
|
Option 11 – Renovate Your Home
If you want to renovate your home and use your FNPF money, you will need to provide us with the following details:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Quantity Surveyor Report or Civil Engineer’s Report |
|
| 3 | Two (2) quotations from General Contractors |
|
| 4 | Two (2) quotations for building materials |
|
| 5 | Two (2) quotations for labour |
|
| 6 | Evidence of your contribution. |
|
| 7 | Four (4) photographs |
|
| 8 | Bank Statement |
|
| 9 | FNPF 9U01 Form |
|
Option 12 – Electrification Installation
You have to be a legal owner of the property and give us the following information:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Permit |
|
| 3 | Two (2) quotations from Electrical Contractors |
|
| 4 | Two (2) quotations of materials |
|
| 5 | Bank Statement |
|
| 6 | FNPF 9U01 Form |
|
Option 13 – Installation of Solar System
You have to be the legal owner of the title or lease:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Two (2) quotations from Electrical Contractors |
|
| 3 | Two (2) quotations of solar system. |
|
| 4 | Bank Statement |
|
| 5 | FNPF 9U01 Form |
|
Option 14 – Installation of Water Tanks
You have to be the legal owner of the title or lease and provide us with the following details:
| # | Document | Description |
| 1 | Title (Copy) |
|
| 2 | Two (2) quotations for Water Tank |
|
| 3 | Two (2) quotations of Installation |
|
| 4 | Four (4) photographs |
|
| 5 | Bank Statement |
|
| 6 | FNPF 9U01 Form |
|
Discharge
If the title of your property is held in FNPF custody and has to be released by us, we will need the following details from you:
| # | Document | Description |
| 1 | Letter from Solicitor OR from the Lender |
|
| 2 | Title (Copy) |
|
| 3 | Charge Search |
|
| 4 | Discharge Form |
|
