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 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 filled OR 5 years has passed from the month you made the housing withdrawal.
- You can only use 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.
Village or Mataqali or Community Trust Housing
Here are the options available for you as a member if you live in a village or Mataqali land or community trust or if you are thinking of starting out in one.
Options | Min or Max Limit You Can Request |
Build A Home | Min. $10,000.00 |
Make Quick Repairs | Max. $5,000.00 |
Extend Your Home | Min. $5,000.00 |
Renovate Your Home | Min. $5,000.00 |
Electrification Installation | Depending on Project Cost |
Installation of Solar System | Depending on Project Cost |
Installation of Water Tanks | Depending on Project Cost |
Option 1 – Build A Home
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 | Building Plan |
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2 | Quantity Surveyor Report or Civil Engineer’s Report |
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3 | Two (2) quotations from General Contractors |
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4 | Two (2) quotations for building materials |
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5 | Two (2) quotations for labour |
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6 | Evidence of your contribution. |
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7 | Bank Statement |
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8 | FNPF 9V02 Form |
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Option 2 – Make Quick Repairs
You may use your General Account to make quick repairs to your home. You will have to give the following information:
# | Document | Description |
1 | Two (2) quotations for building materials |
|
2 | One (1) quotation for labour |
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3 | Four (4) photographs |
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4 | Bank Statement |
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5 | FNPF 9V02 Form |
|
Option 3 – Extend Your Home
If you want to extend your home, you must provide us with the following details:
# | Document | Description |
1 | Extension Plan |
|
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 9V02 Form |
|
Option 4 – 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 | Quantity Surveyor Report or Civil Engineer’s Report |
|
2 | Two (2) quotations from General Contractors |
|
3 | Two (2) quotations for building materials |
|
4 | Two (2) quotations for labour |
|
5 | Evidence of your contribution. |
|
6 | Four (4) photographs |
|
7 | Bank Statement |
|
8 | FNPF 9V02 Form |
|
Option 5 – Electrification Installation
You have to be a legal owner of the property and give us the following information:
# | Document | Description |
1 | Permit |
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2 | Two (2) quotations from Electrical Contractors |
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3 | Two (2) quotations of materials |
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4 | Bank Statement |
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5 | FNPF 9V02 Form |
|
Option 6 – Installation of Solar System
# | Document | Description |
1 | Two (2) quotations from Electrical Contractors |
|
2 | Two (2) quotations of solar system. |
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3 | Bank Statement |
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4 | FNPF 9V02 Form |
|
Option 7 – Installation of Water Tanks
# | Document | Description |
1 | Two (2) quotations for Water Tank |
|
2 | Two (2) quotations of Installation |
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3 | Four (4) photographs |
|
4 | Bank Statement |
|
5 | FNPF 9V02 Form |
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