Home Loan for Low Income Earners and First Time Buyers

Is it possible to get a home loan if your monthly combined household income less than RM1,200? Yes, it is possible!

SKIM PINJAMAN PERUMAHAN (SPP)

Basically, this program has been launched since 1976 with the purpose in helping low income earners, who are unable to secure any source of housing loan to finance their first house; either to build their own house or buy a completed low cost house. Some of the features & eligibility:

• Age: 18 – 48 years old
• Maximum loan amount: RM20,000 (first RM10,000 no service charge, second RM10,000 4% service charge)
• Loan repayment tenure: 5 – 20 years
• Household income: RM500 – RM1,200 (monthly)

Terms and conditions apply. For more information, visit kpkt

OTHER OPTIONS FOR LOW INCOME HOUSING LOAN SCHEME

• Bank Simpanan Nasional
• Bank Islam Malaysia
• Syarikat Perumahan Negara Bhd (SPNB – wholly owned by Minister of Finance, Incorporated)
• Syarikat Jaminan Kredit Perumahan Bhd (SJKP – wholly owned by Minister of Finance, Incorporated)