• Purchase of principal place of residence for member.
  • Deposit for a housing loan from a bank or licensed financial institution.
  • Purchase of state land for the construction of a dwelling.
  • Member is able to withdraw his/her contributions to construct a house located on his/her own customary land.
  • Purchase of land or purchase and construction of a dwelling must occur within six (6) months of an advance.
  • A declaration of completion must be furnished to Nasfund on finalization of the purchase or completion of the construction or addition to a house.
  • Purchase of solar panels or generators for the house.
  • Purchase of building materials to build a house.
  • Purchase of a stove or refrigerator.
  • Purchase of water tank &/or water pump.
  • Substantial renovation or improvement of and existing home owned by the member (Over K1000).
  • Labour & transportation costs of housing materials up to the value of K1000.00 only.
  • Member to repay housing advance by a further 2% of contribution from the employee portion until the advance is repaid.

Note: Advances are only applicable to State or customary land.

Get in touch

Do you have a question for us?

Please contact us on:
Call: 1588
Email: help@nasfund.com.pg

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