Finance Your Dream Home with Confidence

Generally, sub-sale home loans are capped at a 90% Margin of Finance (MOF) for your first and second residential properties. However, if you qualify for the Skim Jaminan Kredit Perumahan (SJKP), you may be eligible for up to 100% financing, eliminating the need for a 10% downpayment.

If you are a first-time homebuyer and the sub-sale property is priced at RM500,000 or below, you are fully exempt from stamp duty on the MOT and Loan Agreement. This Budget 2026 exemption is valid for SPAs signed until December 31, 2027. For properties above RM500,000, standard tiered rates apply.

Banks finance up to 90% of their assessed valuation, not the seller’s asking price. If the property is valued lower, you must cover the difference in cash. FinPro prevents this by checking the valuation across multiple banks before you apply.

If your documents are complete and your CCRIS record is clear, bank approval usually takes 1 to 2 weeks. The full legal process of transferring the title and disbursing funds to the seller takes roughly 3 to 4 months (or longer for leasehold properties).

Typically you must pay legal fees out-of-pocket. However, some banks offer a “Finance Entry Cost” (FEC) option that bundles your MRTA insurance and legal fees into the total loan amount, raising your financing margin to 95%.

Term Loan: fixed monthly instalment — paying extra does not reduce interest. Semi-Flexi: extra payments reduce your principal and interest, but withdrawing requires bank approval and a small fee. Full-Flexi: linked to a current account, extra funds automatically reduce interest and you can withdraw anytime fee-free (usually a fixed RM5–RM10 monthly maintenance fee).

For your first and second residential properties, banks finance up to 90% of the purchase price — so you need a minimum 10% downpayment. For your third property onwards, the maximum margin of finance is capped at 70% by Bank Negara guidelines.

Aside from the 10% downpayment, budget an additional 4%–5% of the property price for “entry costs.” This covers SPA legal fees, loan agreement legal fees, stamp duties, and property valuation fees.

Legally, no. However, banks highly recommend it to protect your family from inheriting the debt in the event of death or total permanent disability. Most banks offer a lower, discounted interest rate if you bundle MRTA/MLTA into your housing loan.

The lock-in period (usually 3 to 5 years from first drawdown) is a timeframe during which you are penalised if you fully settle, refinance, or sell the house. The penalty is typically 2%–3% of your outstanding loan amount.

Yes! You can withdraw funds from your EPF Account 2 to pay for the 10% downpayment, reduce your existing housing loan principal, or even pay your monthly instalments.

A bank rejection is recorded in Bank Negara’s CCRIS system, and other banks can see it — making them more hesitant to approve you. If rejected, it’s best to wait 3 to 6 months before re-applying. This is why we strongly recommend letting our advisors calculate your DSR for free before submitting an official application.