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A Government Initiative Aimed At Assisting First Time House Buyers To Own A Home

Skim Rumah Pertamaku (SRP) is a Government initiative aimed at assisting first time house buyers to own a home. Loan/financing application will be processed and approved by the participating banks based on the Scheme’s criteria and respective bank’s credit underwriting standards.

Own a home without the need for down payment
Obtain up to 110% loan/financing from participating banks
Loan/financing guaranteed by Cagamas SRP Berhad

Learn More About SRP

Eligibility Criteria

Must be a Malaysian citizen
First time house buyer
Salaried worker or self-employed individuals
Single or joint applicants
Residential and owner occupied property
Property value up to RM500,000
Gross monthly household income up to RM10,000 for single/joint applicants
Financing up to 110% *
No record of impaired financing for the past 12 months

* Financing >100% to 110% is only for applicants with household income ≤RM5,000 + purchase property ≤RM300,000

How to Apply?

Participating Banks

Digital SRP Partners

Frequently Asked Questions

Do I have to pay a higher interest/profit rate or any fee to enjoy up to 110% financing under the Scheme?

No, the normal interest/profit rates of the respective banks shall apply and applicants do not have to pay for the CSRP’s guarantee.

With CSRP’s guarantee, does it mean applicants under the Scheme are only liable to the bank for 90% financing only?

No, the applicants are liable to the bank for the full financing amount (up to 110%). The guarantee only indemnifies the bank for any loss incurred as a result of financing above the 90% level.

Who qualifies as joint applicants?

The joint applicants could be the spouse, parents, children or siblings (living together in the new house), provided that the person meets the other criteria.

Who is eligible for this Scheme?

This Scheme is open to all Malaysian citizens with gross monthly household income of not more than RM10,000. The applicants’ age limit is subject to the financing tenure.

Does the Scheme cover completed properties as well as those under development?

Yes, the Scheme covers both completed properties and those under development. The guarantee is effective upon full disbursement of the financing.