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.
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