Government offering up to 25K in home improvement loans at 4%

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CABINET REPORT:

In preparation for the upcoming hurricane season, the Cabinet took a decision to launch the Home Improvement Loan Programme to assist persons desirous of effecting repairs and other improvements to their homes.

 

Under this new programme, homeowners can apply for loans of up to $25,000 at the very low interest rate of four per cent (4%).

 

Under the revolving fund to be managed by the Ministry of Housing, unsecured loans will be given a maximum time of 7 to 10 years to be repaid, and the proceeds will be ploughed back into the programme to assist others.

 

Persons from both the private and public sectors are eligible to apply to the programme that the government will capitalize to the tune of $5 million.

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9 COMMENTS

  1. 4% is to high its the people’s money….

    Details please tired of announcements with no details , then it is made up as go ….

    If the prime Minister business fund is the yard stick, you will have to go through hell fire to get that loan.

    The government has the same program at ECCAB wait they abandoned that one? How many persons got assisted under the ECCAB program?

  2. Funny now election round the corner Gaston find money for water tanks, new reverse osmosis plants and now housing loans. I will tell people that these reverse osmosis plants go need maintenances and will breakdown within the next five years and the government will do nothing about them and the people will still suffer from water shortages. We know this government doesn’t maintain anything. Look at their buildings and the roads.
    Every thing they doing now is just for election to fool the people to vote for them. People don’t be fooled, vote them out.

  3. GASTON NO MATTER WHAT YOU TRY, YOU ARE GOING TO LOSE.
    THE MOST RECENT POLL:

    UPP 12 SEATS
    ABLP 4 SEATS
    BPM 1 SEAT

    UPP WINS BY A LANDSLIDE.

    GASTON, WHY YOU FRAID TO CALL THE ELECTION!

  4. Workers are owed money but they are offering loans.
    The wicked don’t like to pay, this administration have some bad principles.

  5. Just give us a pay raise pleaseee..the gas..and the supermarket killing us..plus apua a cut left right and center..lord please help us

Comments are closed.