Press release
My First Home Scheme - Scheme Young Buyers To Own A House
SELANGOR: My First Home Scheme was launched to help young Malaysians buying their first house. Under this scheme, the eligible buyers will enjoy the benefit of minus 1.8% of (BLR) base lending rate profit or interest rate.The requirement for applying for this scheme is the person must be below 35 years old and their monthly income is under RM3,000 per month.
Like any other loan scheme, the longest period of loan under this scheme is up to the 65 years of age or maximum 30 years, whichever it comes first.
Lim Hong Tat, the Malayan Banking Berhad (Maybank) deputy president which is also the head of financial services community said that the maximum loan total for this new scheme will be 105%, this loan will cover the whole price of the house plus 5% additional for MRTA.
Under this scheme, the eligible buyers that buy a house can choose whether to opt for the conventional loan or Islamic loan. It is also recommended that the home buyers to take a fire insurance as a cover their new house.
This loan however will exclude a facility redraw, re-mortgage and refinancing.
Lim said that this scheme was eligible to fixed income and salaried young Malaysians. The home buyers must be a confirmed employees who has been working for at least 6 (six) months under the same company or employer.
This scheme however are not qualify for self employed and businessmen. The person who has a non-fixed income also not eligible for this loan.
With the increasing of new house for sale in Selangor and in Malaysia respectively, young Malaysians can now own a home easily.
Responding from email, Lim said “The amount of repayment is 1/3 from their monthly salaries or the repayment margin is up to maximum 50%.”
The Malaysian government launched My First Home Scheme on Tuesday to help young people to own their first home.
About House For Sale In Selangor
Founded in 2010, House For Sale In Selangor is a property listing premium website that helps this young Malaysians find their ideal and dream home.
Nidiron Damha
12 Jalan Kosas Utama 5, Taman Kosas, Selangor
support@on9expert.com
0123913634
http://www.houseforsaleinselangor.com
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