Small Loans

Country: 
Jamaica
Status: 
Implemented
Sector: 
Residential
Solar Photovoltaic: 

- National Housing Trust (NHT) PV loan, - Available to contributors who have not previously received an NHT Loan . - Interest rate will depend on applicants income at time of application (1% - 7%); NHT customer rep will advise. - Maximum loan term of 15 years - Loan limit of JMD 1.2 Million - National Housing Trust (NHT) PV loan, - Available to contributors who have not previously received an NHT Loan . - Interest rate will depend on applicants income at time of application (1% - 7%); NHT customer rep will advise. - Maximum loan term of 15 years - Loan limit of JMD 1.2 Million

Solar Thermal: 

- National Housing Trust (NHT) Solar Water Heating (SWH) loan - Available to contributors who can provide a title for a residential property or who have at least enough funds in their Contribution Accounts at NHT equal to the cost of the system + JMD 20,000. - Interest rate of 3% (with a 5% service charge), to buy and install the system. - Maximum loan term of 5 years - Loan limit of JMD 250,000 - National Housing Trust (NHT) Solar Water Heating (SWH) loan - Available to contributors who can provide a title for a residential property or who have at least enough funds in their Contribution Accounts at NHT equal to the cost of the system + JMD 20,000. - Interest rate of 3% (with a 5% service charge), to buy and install the system. - Maximum loan term of 5 years - Loan limit of JMD 250,000

Sources: 

National Housing Trust (2012). Website: www.nht.org Solar PV: http://www.nht.gov.jm/loans/need-a-loan/solar-panel Solar Water Heater: http://www.nht.gov.jm/loans/need-a-loan/solar-water-heater Accessed 27/08/2012National Housing Trust (2012). Website: www.nht.org Solar PV: http://www.nht.gov.jm/loans/need-a-loan/solar-panel Solar Water Heater: http://www.nht.gov.jm/loans/need-a-loan/solar-water-heater Accessed 27/08/2012