About Skim Rumah Pertamaku (SRP) - My First Home Scheme

About Skim Rumah Pertamaku (SRP)  - My First Home Scheme

Skim Rumah Pertamaku (SRP) - My First Home Scheme is a home ownership initiative that was first announced in the 2011 Budget by the Government of Malaysia to assist first time house buyers.

This scheme is for house buyers earning a gross monthly household income of up to RM10,000 (subject to RM5,000 per applicant) to purchase their first home.

The Scheme allows first time house buyers to obtain up to 110% financing from the participating banks, enabling home ownership without having the need to pay a down payment.

This is in line with the Government’s aspirations of increasing home ownership amongst the “rakyat”. Cagamas SRP Berhad (“CSRP”) will guarantee up to the first 20% on a ‘first-loss’ basis.

The Scheme allows first time house buyers to obtain up to 110% financing from participating banks

The Scheme allows first time house buyers to obtain up to 110% financing from participating banks

Enabling home ownership without having the need to pay a down payment

Enabling home ownership without having the need to pay a down payment

Cagamas SRP Berhad will guarantee the loan/ financing

Cagamas SRP Berhad will guarantee the loan/ financing

Cagamas promotes home ownership and contribute towards nation development