Most or average Malaysian will usually need to source their deposit to buy a house. Following are the sources list :

1) Own saving from tabung haji, Amanh Saham, Fixed Deposit, Bonds and more.

2) Kumpulan Wang Simpanan Perkerja (KWSP)

3) Personal Loan ( not a wise choice since the personal loan interest rates is expensive)

4) Credit Cards (higher interest charge compare to personal loan)

5) Koperasi loan ( Usually for government servant )

The most common way is withdrawing from KWSP account 2 . KWSP allow members to withdraw their account 2 to purchase a house. The withdraw condition as follows :

Withdrawal Eligibility
The amount that you can withdraw is as follows:

HOUSE PURCHASE FROM AN INDIVIDUAL JOINT PURCHASE WITH SPOUSE OR OTHER INDIVIDUAL
The difference between the house price and the loan amount plus an additional 10% of the house priceORAll your savings in Account 2
(Whichever is lower but not less than RM500.00)		 The difference between the house price and the loan amount plus an additional 10% of the house priceORAll the savings in each purchaser’s Account 2 subject to maximum amount eligible for withdrawal(Whichever is lower but not less than RM500.00)
100% HOUSING LOAN CASH PURCHASE
10% of the house priceORAll your savings in Account 2(Whichever is lower but not less than RM500.00) Price of the house with an additional 10% of the house priceORAll your savings in Account 2(Whichever is lower but not less than RM500.00)
  • You may choose to decide on the amount to withdraw from your Account 2, subject to the maximum amount eligible by filling in the desired amount in the housing withdrawal Form 9C (AHL).

source: KWSP

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