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My First Home Scheme
MY FIRST HOME SCHEME 2013 CAGAMAS SRP BHD Joint Venture between Ministry of Finance/Government of Malaysia and the Cagamas Group GUARANTEE COVER Cagamas SRP Bhd will only guarantee 10% on a “first loss” basis LOAN FINANCING AMOUNT *Upon qualification of the scheme, Banks will provide 100% (of SPA/OMV whichever is lower) financing to purchase the [...]
Budget 2013 takes account of everyone and nobody is left out. While, I think that’s a good news to most of us. This is the most generous Budget that our Prime Minister had presented. The budget 2013 proposes benefit for the well-being of all strata of society, covering various sectors and people of different age [...]
I’ve been reading many publicity and news about My 1st Home Scheme. Although, when the news first broke down by our Prime Minister, everyone welcome such a scheme with an open heart. Even though, government have a good intention to help people, but the Scheme has many weaknesses and flaws. After one year of implementation [...]
FREQUENTLY ASKED QUESTIONS: 1. What is Skim Rumah Pertamaku (SRP)/My First Home Scheme? Answer : The scheme is one of the measures announced by the Government in the 2011 Budget aimed at assisting young adults earning RM3000 per month or less to own a home. In The scheme allows homebuyers to obtain up to 100% [...]
MY FIRST HOME SCHEME 2012 CAGAMAS SRP BHD Joint Venture between Ministry of Finance/Government of Malaysia and the Cagamas Group GUARANTEE COVER Cagamas SRP Bhd will only guarantee 10% on a "first loss" basis LOAN(LTV)/FINANCING AMOUNT *Upon qualification of the scheme, Banks will provide 100% (of SPA/OMV whichever is lower) financing to purchase the [...]
Hi everyone, Under Budget 2011 our government announced many initiatives to help house ownership. These included allocation of RM568 million to build 300 units under the Urban Housing Assistance Scheme and 79,000 units under the People’s Housing Programme. On top of that, an additional allocation of RM50 million has been set aside especially to help [...]
Budget 2011 Those with income below RM3000 need not make down payment on house. First-time house buyers with a family income less than RM3000 per month can obtain addtional 10% loan under the My First House Scheme (SKIM Rumah Pertamaku). home loan The 10% down payment will be guaranteed by Cagamas Bhd for houses priced [...]
