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My First Home Scheme (Full Loan)


My First Home Scheme, is a home ownership plan for initially-time purchasers first introduced by the Malaysian government in the 2011 Budget allowing qualified candidates to acquire up to 110% financing from cooperating banks such as RHB, Maybank, Ambank & CIMB, making house ownership more accessible.


  • Financing of up to 110% is available for completed or under-construction properties. (RUMAWIP is one that entitle for this)
  • There is no deposit necessary. (Maybe some legal fee involve)
  • Joint applications with direct family members are permitted. (Joint applicant not allow to have existing housing loan)

Criteria for Applicants

  • Must be a Malaysian national.
  • First-time home purchaser
  • Individuals working in the public or private sectors.
  • Applicants may be single or joint.
  • Single and combined applicants must have a gross monthly family income of up to RM10,000 or below.
  • There has been no evidence of impaired funding in the last 12 months. (may appeal but interest rate maybe higher)

Criteria for Property

  • Primary and secondary market residential properties (new or sub-sale properties)
  • Residential properties must be occupied by the owner.
  • For the acquisition of a property worth up to RM500,000 max

Criteria for Financing

  • Financing for up to 35 years (applicant age not exceeding 70 years at the end of the financing tenure)
  • Financing up to 105% (that is, 100% of the property value plus 5% for capitalization of relevant expenditures such as MRTA/MRTT premium).
  • Non Flexi Loan (no redrawable features or refinancing of properties).

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