My First Home Loan Scheme

In line with government aspirations to enable young adults to own their 1st home, the scheme is one of the measures announced by the Government in the 2011 Budget aimed at assisting young adults to own a home. The scheme allows homebuyers to obtain 100% financing from financial institutions, enabling them to own a home without having the need to pay a 10% down payment. 

Cagamas SRP Berhad will guarantee the banks on financing above the 90% level i.e. if a borrower obtains 100% financing, Cagamas SRP will guarantee 10% (from 90% to 100%) of the financing.  

Who is eligible for this Scheme? This scheme is open to all Malaysian citizens aged 35 years old or less (age next birthday is 36 years old or less) with gross income of not more than RM5,000 per month for single borrower and gross income of not more than RM10,000 per month for joint borrowers (based on gross maximum income of RM5,000 per month per borrower). 

Eligible Property

Residential properties located in Malaysia

Minimum property value of RM100,000

Maximum property value of RM500,000

Owner occupied (buyers are required to reside in the property)

How do I apply for financing under the Scheme? Application can be made at any branch of the participating banks. 

Visit below link for further information:

My First Home Loan Scheme

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