Features & Benefits

Hong Leong Bank My First Home Scheme (Skim Rumah Pertamaku) is our way of contributing to the community by making home ownership easy, for first-time owners. With our scheme, you can obtain up to 100% financing for your first residential home. It's easy to apply for, with minimum hassle and speedy processing and is in line with the Governments aspirations of increasing home ownership amongst the "rakyat".
Skim Rumah Pertamaku allows young adults to obtain up to 100% financing , enabling them to own their 1st home. This is in line with the Governments aspirations of increasing home ownership amongst the "rakyat".

Eligibility

Eligible Borrowers:
• Malaysian citizen only
• First time homebuyer
• Individuals up to age 35 years
• Single borrower gross income not exceeding RM 3,000 per month
• Confirmed employee with minimum employment of 6 months with same employer
• All outstanding debt repayment obligations from banks and non-banks (including those not covered by CCRIS) must not be more than 60% of monthly income after statutory deductions (ie. Tax, EPF, SOCSO) or maximum limit of the lending bank, whichever is lower.

Acceptable Income Document
• Individual Applicant

Acceptable Income Documents
• Latest 3 months salary slips
• Latest Borang BE (supported by tax payment receipt)
• Latest EPF statement
• Latest 3 months bank statement / saving passbook
• Letter of employment

Eligible Properties:
• Property value of minimum RM 100,000 and maximum RM 400,000
• Residential properties only
• For lease hold, remaining lease ≥ 60 years
• Owner occupied

Financing Requirements:
• Maximum financing tenure of 30 years
• No redrawable features
• Savings record (3 months instalment liquidity reserve)
• Instalment payable via monthly salary deduction or standing instruction
• Compulsory Fire insurance / takaful