To assist the younger generation to purchase their first home, the government has introduced Skim Rumah Pertamaku (My First Home Scheme).
- The scheme offers up to 100% financing.
- Maximum tenure : 30 years
- Available in Conventional & Islamic Loans.
Criteria:
- Must be Malaysian
- Below age of 35
- Gross income below RM3,000 per month
- Property price must be between RM100,000 to RM220,000
- Purchased property must be for own occupancy
- Must be in employment for at least 6 months
The scheme is available for both completed properties, and also those under development.