NHT Increases Loan Limit & Reduces Rates

The National Housing Trust has increased its individual loan limit for some new applicants, from $4.5 million to $5.5 million and reduced the interest rate on loans to contributors who apply as of November 1, 2015. This means that new beneficiaries earning up to $7,500 weekly will now enjoy home loans at 0% interest while at the upper end, persons earning over 20,000 weekly will repay loans at a rate of 6%. New applicants employed to the public sector will benefit from this rate concession while continuing  to enjoy the  1% interest rate reduction that had been granted to them in  2010. The interest rate table below illustrates the concessions. For more information read the full story here

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