Skim Jaminan Kredit Perumahan (SJKP)

• Must be a Malaysian citizen aged 18 and above
• All named parties to the Sale & Purchase Agreement (SPA) must be first-time home buyers
• All named parties to the SPA must have maximum monthly income of RM11,000 per person
• Non-fixed and fixed income earners from public or private sectors

• Residential properties in primary and secondary markets (new or sub-sale)
• Residential properties must be owner-occupied
• Property priced/valued up to RM500,000

• Financing tenure of up to 35 years or up to age 70, whichever is earlier
• Financing of up to 110%:-
  • up to 100% of the property price/value
  • up to another 10% for financing of related expenses namely Mortgage Reducing Term Assurance /Mortgage Reducing Term Takaful, stamp duty, legal and valuation fees
• Maximum financing amount of RM500,000
• Payment arrears not exceeding 2 months for the past 12 months at the point of application for financing
  • Single or joint financing application allowed with immediate family members, subject to:-
  • The first name party to SPA must be the main borrower
  • Joint borrower/s regardless of income, who are not parties to the SPA, may be roped in to support financing repayment
• Compulsory Fire Insurance/Takaful

Mandatory Document

Validating Document

Latest 3 month pay-slip (1 month gap allowed e.g., application in June'23, latest acceptable pay-slip is May'23)

Latest Employee Provident Fund (EPF) statement or 3 months bank statement where salary is credited to.

Mandatory Document

Validating Document

• Latest 1-year Form B / BE or e-filing

AND

• Latest 6 consecutive months of firm/ company’s current account statements

OR

• 6 months Commission Statement (for commission earner)

Any one (1) of the following:

• EPF Statement
• Latest statement of Financial Accounts

For commission earner, Any one (1) of the following:

• EPF Statement
• Latest financial accounts
• Bank Statements