To be eligible for a mortgage loan at the NIS you must be:

• An NIS contributor between the ages of 21 and 60.
• The applicant or at least one of them must be resident citizen of Grenada.

You can get a mortgage loan for any of the following purposes:

• Construction, home repair/re-model.
• Purchase of property (includes land only).
• Refinancing and debt consolidation.

Applicants for mortgages must submit the following documents:

• Evidence of a purchase/sales agreement for the property which he/she intends to purchase with the proceeds of the loan together with a copy of the vendor’s property tax receipt and title deed; or
• Evidence of ownership of, or title to the land on which he/she intends to build a house or carry out home improvement with the proceeds of the loan.
• A plan approved by the Land Control Development Authority.
• Proof of income (recent pay slip & job letter)
• Loan statements.
• Two forms of picture ID.
• Statement showing the ability to make the 10% equity contribution.