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.


Supporting Documents

Bill of Sale 
Garage Report if vehicle is used

Method of Applying

In Person

Turn Around Time

3 - 4 Weeks

Additional Notes

  • Only Travelling Officers are eligible for this loan
  • Loan Repayment cannot exceed six years.
  • Officers from grade 1 – 8 (up to 15,000), 9 – 15 (up to $20,000), 16 and up (up to $25,000)

Department Contact Information

Ministry of Finance

Ministry of Finance
33 Admin Drive
Road Town, Tortola
Virgin Islands (British) VG1110

Business Hours:

Monday - Friday  
8:30 a.m. to 4:30 p.m.

Email Address:

Telephone: 1(284) 468-2144
Fax: 1(284) 468-3299