Skim Rumah Pertamaku (My First Home Scheme)

CIMB Bank Logo

Skim Rumah Pertamaku, or My First Home Scheme is initiated by the Government of Malaysia, in collaboration with Bank Negara Malaysia through Cagamas Berhad. The main objective is to assist young adults and first time homebuyers who have just joined the workforce to own a home.

FEATURES

• 100% Term Financing

• Financing for under-construction and completed properties

• No processing fee

• Financing tenure not exceeding 40 years; applicant age not exceeding 65 years at the end of financing period

• Home Loan Statement: Yearly.

• Prevailing Interest Rate and Default Clause.

ELIGIBILITY

• Individuals aged 18 years to 35 years only

• Malaysian citizens only

• First time home buyer only

• Single borrower / customer gross income not exceeding RM3,000/month

• Confirmed employee with minimum employment of 6 months with the same employer

• Payment amount must not be more than 1/3 of monthly income

• Business owners / directors / partners / sole-proprietorship are not allowed

REQUIREMENTS

Salaried Applicant:

• Identification Card

• Latest income tax return (EA Form)

• Bank book / statements showing salary income for the last 3 months

• A recent salary payroll slip with the employer•s name and evidence of salary credited into a bank account

• An employer•s letter (on company letterhead or bearing company chop) confirming job title an income details

• Sales and Purchase Agreement (SPA)

NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

To find out more about CIMB Bank Home Loan, please contact the Consumer Contact Centre at +603 6204 7788 or visit the nearest CIMB Bank branch.

CIMB Bank