BSN MyHome (Youth
Housing Scheme) is designed to help married youths own their very first home
» 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.
» 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).
» Minimum : 5 years.
» Maximum : 35 years (subject to age limit of not more than 65 years old at the end of the loan period).
» 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.
» 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
» 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.
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
» Principal Documents - Will be charged on ad valorem basis.
» Other Documents – RM 10.00
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