Application for Residential Property Advance Scheme
Overview
The service offers residential property advances (RPA) to permanent & pensionable and contract citizen public officers, members of the National Assembly and Dikgosi.
The Government Employees Motor Vehicle and Residential Property Advance Scheme (GEMVAS) mortgage loan covers purchase of free hold plot, development/building a new house, house renovations, and loan transfer.
Who is eligible?
Citizens and non-citizen
How do I get this service?
- Enquire with the service consultants at GEMVAS to determine eligibility.
- Download and complete the Residential Property Advance Form and submit with supporting documents.
- Depending on the type of service required e.g. building a new house, the applicant should meet specified requirements.
- Once loan is approved, the participating Bank will disburse the funds.
What supporting documents are required?
For Residential Property Advance the main requirements are:
- Title deed
- Valuation report
- Valid copy of ID
- Confirmation letter of employment
- Current salary advice slip
- Letter of undertaking from attorney
- Buying property of a deceased person: the seller(s) must submit proof of the identified beneficiary if the title deed is still under the deceased person
How long will this service take?
Three (3) working days
Where can I obtain this service?
Theme for this service
How much does it cost?
No cost
Keywords
Residential, Property, Advances, Permanent, Pensionable
Synonyms
Residential, Property, Advances, Permanent, Pensionable
Ministry submitting this Service