Housing Credit Guarantee Scheme (SJKP)
\u2022 SJKP guarantees to enable buyers with non-fixed, variable incomes to obtain a mortgage.
\u2022 SJKP’s guarantee is up to 100% of the purchase price, subject to a maximum financing of RM 400,000.00 (inclusive of MRTA \/ MRTT)
Target groups :
groups with irregular incomes, such as small traders, farmers, taxi drivers, fishermen, e-hailing drivers (Grab Driver), and others.
– Fixed income from the SME sector such as factory workers, mechanics and others.
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Application conditions and criteria:<\/strong> Participating Banks stated in SKJP <\/a><\/em><\/strong><\/p>\n\n\n\n
\u2022 Malaysian citizens aged 18 years and above
\u2022 There are or auction houses that fall under the low-cost category, are modestly priced, or are affordable to live in for the first-time purchase of a new residential house or ready-made house. (RUMAWIP is definitely included)
\u2022 Open to new residential homes or existing homes
or auction house.
\u2022 Total repayment of all applicant loans no
more than 65% of gross monthly income.
\u2022 There is no outstanding record of CCRIS exceeding 2 months for a period of 12
latest month.
\u2022 No other negative credit records within 24 months.
Product marketing mechanism:
\u2022 Through branches of financial institutions that
participate in the SJKP scheme and also the SJKP website.<\/p>\n\n\n\n