BSN MyHome (Youth Housing Scheme)

Posted on: 2016-07-04




BSN MyHome (Youth Housing Scheme) is designed to help married youths own their very first home with ease.
 
Features
»  This facility is offered for financing the purchase of either completed, under construction or sub-sale properties.
»  50% of stamp duty exemption on the transfer of ownership and facility documents.
» The Government is also to aid monthly instalments of RM200 per month that will be credited to customer’s financing account for a period of 2 years, from the date of first disbursement to the developer / vendor.
 
Property Price
»  Minimum: RM 100,000.00
»  Maximum: RM 500,000.00


Margin of Financing
»  Property: Up to 100% of the purchase price / market price (whichever is lower).
»  MRTA: Up to maximum 5% of the purchase price/ market price (whichever is lower).
 
Loan Period
»  Minimum : 5 years.
»  Maximum : 35 years (subject to age limit of not more than 65 years old at the end of the loan period).
 
Interest Rate
»  Pricing range between BR+0.45% up to BR+2.85% subject to customer’s profile and property location.
      Notes: »  Current BR is 4.10% p.a.




 
Criteria
»   Malaysian citizen aged 25 to 40 years old (subject to age limit of not more than 65 years old at end of tenure).
»   Married with household income no more than RM10,000.00 per month
»   First time purchaser
»   Individual / Joint Loan
»   BSN GIRO / GIRO-i account holder
»   Proof of purchase
 
Document Required
»  BSN application form
»  Copy of NRIC
»  A valid marriage certificate
» Salaried Applicant / Co-applicant (spouse only)
    -  Latest 3 months’ Salary Slip
      Note: For single application, spouse of applicant must submit a copy of latest Salary Slip
   -  Latest 3 months’ bank statement
   -  Latest 6 months’ Salary Slip and bank statement (other income)
   -  EPF statement
   -  Employer Confirmation Letter
»  Self Employed Applicant / Co-applicant (spouse only)
    -  Company’s registration (SSM)
    -  B/BE Form + LHDN Receipt
    -  Company’s Financial Statement
    -  6 months’ company bank statement
    -  Other documents i.e site visit report etc.
 
»  Proof of purchase consisting of a copy of Property Sale and Purchase Agreement(S &P), which   has been stamped.
    If the S&P has not been completed, the deposit receipt /pro forma purchase orders is acceptable for the purpose of approving the application
»  A copy of valuation report (for the purchase of completed property from individuals / non-          developers) of BSN panel valuer
»  Master / Individual title (if any)
»  Statutory Declaration (SD) for the purchase of the first house and self-occupied
   (Note: Statutory declaration must be signed by the applicant and co-applicant/ spouse)
 


Late Payment Charges



 


Stamp Duty
»  Principal Documents - Will be charged on ad valorem basis.
»  Other Documents – RM 10.00



Share:

Source From: BSN

Other Property Finance


Own Your Dream House And Enjoy A 1-Year Rental Holiday Period With Maybank's HouzKEY

You get to own a house and continue pursuing your dreams without having to break the bank. Sounds great right?...

Posted on: 2018-03-30

House-Buying Tips: Do Some Research First

THERE are many alternative investments besides stocks and bonds to help you achieve financial freedom when you retire...

Posted on: 2017-03-06

KL Remains Top Choice For Commercial Investment, Development

KUALA LUMPUR remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) and Sabah (11 per cent)...

Posted on: 2017-02-22