Skim Rumah Pertamaku - Helping You Own Your First Home

Posted on: 2016-01-12



Features & Benefits

Hong Leong Bank My First Home Scheme (Skim Rumah Pertamaku) is our way of contributing to the community by making home ownership easy, for first-time owners. With our scheme, you can obtain up to 100% financing for your first residential home. It's easy to apply for, with minimum hassle and speedy processing and is in line with the Governments aspirations of increasing home ownership amongst the "rakyat".
Skim Rumah Pertamaku allows young adults to obtain up to 100% financing , enabling them to own their 1st home. This is in line with the Governments aspirations of increasing home ownership amongst the "rakyat".


Eligibility

Eligible Borrowers:
Malaysian citizen only
First time homebuyer
Individuals up to age 35 years
Single borrower gross income not exceeding RM 3,000 per month
Confirmed employee with minimum employment of 6 months with same employer
All outstanding debt repayment obligations from banks and non-banks (including those not covered by CCRIS) must not be more than 60% of monthly income after statutory deductions (ie. Tax, EPF, SOCSO) or maximum limit of the lending bank, whichever is lower.

Acceptable Income Document
Individual Applicant

Acceptable Income Documents
Latest 3 months salary slips
Latest Borang BE (supported by tax payment receipt)
Latest EPF statement
Latest 3 months bank statement / saving passbook
Letter of employment

Eligible Properties:
Property value of minimum RM 100,000 and maximum RM 400,000
Residential properties only
For lease hold, remaining lease ≥ 60 years
Owner occupied

Financing Requirements:
Maximum financing tenure of 30 years
No redrawable features
Savings record (3 months instalment liquidity reserve)
Instalment payable via monthly salary deduction or standing instruction
Compulsory Fire insurance / takaful



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Source From: Hong Leong Bank

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