About Skim Rumah Pertamaku (SRP) - My First Home Scheme
Skim Rumah Pertamaku (SRP) - My First Home Scheme is a home ownership initiative that was first announced in the 2011 Budget by the Government of Malaysia to assist first time house buyers earning a gross monthly household income of up to RM10,000 (subject to RM5,000 per applicant) to  purchase their first home.
The Scheme allows first time house buyers to obtain up to 110% financing from the participating banks, enabling home ownership without having the need to pay a down payment. This is in line with the Government’s aspirations of increasing home ownership amongst the “rakyat”. Cagamas SRP Berhad (“CSRP”) will guarantee up to the first 20% on a ‘first-loss’ basis.
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