Tuesday, 21 November 2017,   02 Rabiulawal 1439H

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BSN MyHome (Youth Housing Scheme)

BSN MyHome (Youth Housing Scheme) is designed to help single or married youths own their very first home with ease.


*This Scheme will end on 31 December 2017.



This facility is offered for financing the purchase of either completed, under construction or sub-sale     properties.
»  100% of stamp duty exemption on the transfer of ownership and facility documents for property price
    up to RM300,000.
»  The Government is also to aid monthly instalments of RM200 per month that will be credited to
    customer’s financing account for a period of 2 years, from the date of first disbursement to the
    developer / vendor.


Property Price

Minimum: RM 100,000
»  Maximum: RM 500,000


Margin of Financing

Property: Up to 100% of the purchase price / market price (whichever is lower).
»  MRTA: Up to maximum 5% of the purchase price/ market price (whichever is lower).


Loan Period

Minimum : 5 years.
»  Maximum : 35 years (subject to age limit of not more than 65 years old at the end of the loan period).


Interest Rate

Pricing range between BR+0.60% up to BR+3.00% subject to customer’s profile and property location.
»  For loan amount of RM350,000 and above with 30 years of loan tenure and no lock-in period, the indicative
    interest rate is BR + 0.80%*. (applicable for NZEC package only).
»  Current BSN Base Rate (BR) is 3.95% (with effect from 21st July 2016).

*Subject to terms and conditions


»   Malaysian citizen aged 21 to 45 years old (subject to age limit of not more than 65 years old at end of tenure).

»   Single or married with household income no more than RM10,000 per month.
»   First time purchaser.
»   Individual / Joint Loan.
»   BSN GIRO / GIRO-i account holder.
»   Proof of purchase.


Document Required

»  BSN application form
»  Copy of NRIC
»  A valid marriage certificate
» Salaried Applicant / Co-applicant (spouse only)
    -  Latest 3 months’ Salary Slip

      Note: For single application, spouse of applicant must submit a copy of latest Salary Slip

   -  Latest 3 months’ bank statement
   -  Latest 6 months’ Salary Slip and bank statement (other income)
   -  EPF statement

   -  Employer Confirmation Letter

»  Self Employed Applicant / Co-applicant (spouse only)
    -  Company’s registration (SSM)
    -  B/BE Form + LHDN Receipt
    -  Company’s Financial Statement
    -  6 months’ company bank statement
    -  Other documents i.e site visit report etc.

»  Proof of purchase consisting of a copy of Property Sale and Purchase Agreement(S &P), which has been stamped.
    If the S&P has not been completed, the deposit receipt /pro forma purchase orders is acceptable for the purpose
    of approving the application
»  A copy of valuation report (for the purchase of completed property from individuals / non-developers) of BSN panel valuer
»  Master / Individual title (if any)
»  Statutory Declaration (SD) for the purchase of the first house and self-occupied
   (Note: Statutory declaration must be signed by the applicant and co-applicant/ spouse)


Late Payment Charges


Monthly Installments in Arrears  ×  1%  ×  Number Of Days Overdue


Stamp Duty

»  Principal Documents - Will be charged on ad valorem basis.
»  Other Documents – RM 10.00