Tuesday, 24 November 2020,   08 Rabiulakhir 1442H

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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 facility is offered for financing the purchase of either completed, under construction or sub-sale properties.
» 100% of stamp duty exemption for the first RM300,000 on purchase of first property, for property price up to RM500,000. Exemption period is for 2 years until December 2020.
» 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.
» All Customers are required to follow the Financial Management module by Agensi Kaunseling & Pengurusan Kredit (AKPK) through online at https://learn.akpk.org.my or other methods.

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 (Age of 70 years old (whichever earlier) or 65 years old for self-employment (whichever earlier).

Interest Rate

» Pricing range between BR+0.60% up to BR+1.00% subject to customer’s profile and property location.
» For loan amount of RM350,000 and above with 30 years of loan tenure, the indicative interest rate is BR + 0.80%*. 
*Subject to terms and conditions


» Malaysian citizen aged 21 to 45 years old.
» Single or married with household income not more than RM10,000 per month.
» First time purchaser.
» Individual / Joint Loan.
» BSN GIRO / GIRO-i account holder.
» Proof of purchase.

Documents Required

» BSN application form.
» Copy of NRIC.
» Copy of valid marriage certificate.
» Salaried Applicant / Co-applicant (spouse only).
  - Latest copy of 3 months' salary slip.
Note: For single application, spouse of applicant must submit a copy of latest salary slip.
  - Copy of 3 months' bank statement.
  - Latest 6 months' bank statement (if any other income).
  - Latest EPF statement.
  - Employer Confirmation Letter / HRMIS (Government servant).
  - Side income documents (if any).
» 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, S&P Draft / Letter of Intent to Purchase / the Deposit Receipt / Pro forma Purchase Orders are acceptable for the purpose of approving the application.
» Master / Individual title (if any)

Additional Document:

For joint application(s) for siblings / step siblings, Birth Certificate must be submitted.


The property cannot be transferred or sold to another party(ies) within 5 years.

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