Ministry of Finance
33 Admin Drive
Road Town, Tortola
Virgin Islands (British) VG1110
Personal Advance warrants for Automobile, is requested money in the form of a loan to purchase a vehicle.
Process
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.
Form(s)
Supporting Documents
Bill of Sale
Garage Report if vehicle is used
Turn Around Time
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
Monday - Friday
8:30 a.m. to 4:30 p.m.
Telephone: 1(284) 468-2144
Fax: 1(284) 468-3299