BSN MyHome (Youth
Housing Scheme) is designed to help married youths own their very first home
with ease.
 
Features
»  This facility is offered for
financing the purchase of either completed, under construction or sub-sale properties.
»  50% of stamp duty exemption on
the transfer of ownership and facility documents.
» The Government is also to aid monthly instalments of RM200 per month
that will be credited to customer’s
financing account for a period of 2 years, from the date of first disbursement
to the developer / vendor.
 
Property Price
»  Minimum: RM 100,000.00
»  Maximum: RM 500,000.00

Margin of
Financing
»  Property: Up to 100% of the purchase price /
market price (whichever is lower).
»  MRTA: Up to maximum 5% of the purchase price/
market price (whichever is lower).
 
Loan Period
»  Minimum : 5 years.
»  Maximum : 35 years (subject to age limit of
not more than 65 years old at the end of the loan period).
 
Interest Rate
»  Pricing range between BR+0.45% up to BR+2.85%
subject to customer’s profile and property location.
      Notes: » 
Current BR is 4.10% p.a.

 
Criteria
»   Malaysian citizen aged 25 to
40 years old (subject to age limit of not more than 65 years old at end of
tenure).
»   Married with household income
no more than RM10,000.00 per month
»   First time purchaser
»   Individual / Joint Loan
»   BSN GIRO / GIRO-i account
holder
»   Proof of purchase
 
Document
Required
»  BSN application form
»  Copy of NRIC
»  A valid marriage certificate
» Salaried
Applicant / Co-applicant (spouse only)
    - 
Latest 3 months’ Salary Slip
      Note:
For single application, spouse of applicant must submit a copy of latest Salary
Slip
   - 
Latest 3 months’ bank statement
   - 
Latest 6 months’ Salary Slip and bank statement (other income)
   -  EPF
statement
   - 
Employer Confirmation Letter
»  Self Employed Applicant / Co-applicant
(spouse only)
    - 
Company’s registration (SSM)
    - 
B/BE Form + LHDN Receipt
    - 
Company’s Financial Statement
    -  6
months’ company bank statement
    - 
Other documents i.e site visit report etc.
 
»  Proof of purchase consisting of a copy of
Property Sale and Purchase Agreement(S &P), which   has been stamped.
    If the S&P has not been completed, the
deposit receipt /pro forma purchase orders is acceptable for the purpose of
approving the application
»  A copy of valuation report (for the purchase
of completed property from individuals / non-          developers) of BSN panel valuer
»  Master / Individual title (if any)
»  Statutory Declaration (SD) for the purchase
of the first house and self-occupied
   (Note: Statutory declaration must be signed by
the applicant and co-applicant/ spouse)
 

Late
Payment Charges



 

Stamp Duty
»  Principal Documents - Will be charged on ad
valorem basis.
»  Other Documents – RM 10.00