Based on the Shariah concept of Murabahah Tawarruq (MTQ), My First Home Scheme is a financing facility for purchases of residential properties and calculated on a variable rate basis.
This facility is specifically for first time home buyers and you are offering your house as a security for this financing.
✔ Special scheme inspired by Malaysian government with 100% financing.
✔ 0% Down Payment for first time Home Buyers.
- Residential properties under construction or completed with price of up to RM500,000.
- Financing Tenure of up to 35 years or age 70 whichever is earlier.
- Gross Monthly Household Income for Individual up to RM5,000 and Joint up to RM10,000. (subject to maximum gross monthly income of RM5,000 per applicant).
- Processing fees is waived.
- Applicable for Individual customer.
- Malaysian citizen only.
for the product disclosure sheet.