Eligibility Criteria

Eligibility Criteria
Eligible Applicant(s)

Eligible Applicant(s)

  • Must be a Malaysian citizen
  • First time house buyer
  • Salaried worker or self-employed individuals
  • Single or joint applicants
  • Gross monthly household income up to RM5,000 for single applicant/RM10,000 for joint applicants
  • No record of impaired financing for the past 12 months
  • Financing up to 110% *

 

* Financing >100% to 110% is only for applicants with household income ≤RM5,000 + purchase property ≤RM300,000

Eligible Properties

Eligible Properties

  • Residential properties in primary and secondary market located in Malaysia
  • Maximum property value of RM500,000
  • Owner occupied (buyers are required to reside in the property)
Financing Requirements

Financing Requirements

  • Financing tenure not exceeding 35 years, subject to applicant’s age not exceeding 70 years at the end of financing tenure
  • Amortising facility only (no redrawable features)
  • Compulsory fire insurance/takaful
  • For purchase of property priced up to RM300,000 and for applicants with gross monthly household income of not more than RM5,000:
    • Mandatory to complete the online financial education module provided by AKPK which can be accessed from AKPK’s RumahKu portal at https://power.akpk.org.my/
    • Moratorium period of 5 years