Tuesday, March 29, 2011

My First Home Scheme


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:
  1. Must be Malaysian
  2. Below age of 35
  3. Gross income below RM3,000 per month
  4. Property price must be between RM100,000 to RM220,000
  5. Purchased property must be for own occupancy
  6. Must be in employment for at least 6 months

The scheme is available for both completed properties, and also those under development.