Personal Advance warrants for Automobile, is requested money in the form of a loan to purchase a vehicle.
Step 1: Customer submits the completed application form and supporting documents to the Ministry of Finance.
Step 2: The application is processed and the applicant will be informed of approval or denial.
Step 3: If approved, the applicant is instructed to proceed to insure the vehicle comprehensively with the Accountant General as the loss payee.
Step 4: The Attorney General’s Chambers would execute a Bill of Sale.
Step 5: On receipt of the documents from the Attorney General’s Chambers the relevant documents are processed for issuance of cheque.
Step 6: The applicant collects the cheque (at Treasury Department).
Step 7: The loan and interest will be recoverable from the officer’s salary by such monthly installments as laid down when the loan is approved.
Step 8: Upon final re-payment of the loan, a deed of release is issued to the applicant.
Bill of Sale Garage Report if vehicle is used
Ministry of Finance 33 Admin Drive Road Town, Tortola Virgin Islands (British) VG1110
Monday - Friday 8:30 a.m. to 4:30 p.m.
Telephone: 1(284) 468-2144 Fax: 1(284) 468-3299