Criteria & Traits My First Home Scheme Application
Key features and Benefits
First home purchase (Subject to affordability)
  • Up to 110% financing
  • Residential property for own occupation (either under construction or a completed unit) from the primary or secondary market
Qualifying Criteria
Eligible Applicant(s)
  • Must be a Malaysian citizen
  • First time house buyer
  • Salaried worker or self-employed individuals
  • Single or joint applicants
  • Gross monthly household income:
    • Up to RM5,000 – for single or joint applicant(s)
    • More than RM5,000 and not more than RM10,000 – for joint applicants (subject to maximum gross monthly household income of RM5,000 per applicant)
  • No record of impaired financing for the past 12 months
Eligible Properties
  • Residential properties in primary and secondary market located in Malaysia
  • Maximum property value of RM500,000
  • Owner occupied (buyers are required to reside in the property)
Financing Requirements
  • Financing tenure not exceeding 35 years, subject to applicant’s age not exceeding 70 years at the end of financing tenure
  • Amortising facility only (no redrawable features)
  • Instalments payable via monthly salary deduction or standing instruction
  • Compulsory fire insurance/takaful
  • For purchase of property priced up to RM300,000 and for applicants with gross monthly household income of not more than RM5,000:
    • Mandatory to complete the online financial education module provided by AKPK which can be accessed from AKPK’s RumahKu portal at
    • Moratorium period of 5 years