Thursday, 29 October 2020,   12 Rabiulawal 1442H


Youth Housing Scheme (YHS) announced by YAB Dato 'Seri Najib Tun Razak, 1st Minister of Finance and the Prime Minister's Malaysia under Budget 2015


Bank Simpanan Nasional (BSN) as a Development Financial Institution has been appointed to carry out this scheme and is currently in the midst of implementing this smart partnership with Cagamas Berhad and the Employees Provident Fund (EPF).

YHS scheme is expected to be launched in the near future and will be staggered to facilitate the application process. Meanwhile, those who are interested to participate in the scheme are advised to update both their financial records and documents as well as of their spouses. The public are also encouraged to use the i-Account for any matters relating to the EPF.

Details of the general scheme and a list of frequently asked questions for reference are set out below. For further clarification, the public can call the hotline BSN Online 1 300 88 1900.


Details of the Youth Housing Scheme (YHS)


Youth Housing Scheme is a first-time home ownership scheme for married youth aged between 25 to 40 years with household income not exceeding RM 10,000 per month. Through this scheme, BSN will provide financing / loan up to RM500,000 with a financing tenure up to 35 years or at the age of 65, whichever is earlier to the eligible borrower. This scheme is limited to 20,000 buyers only on the ‘first come first served’ basis.

BSN will also provide financing / loan amount of 100% of the purchase price and an additional 5% of purchase price to finance takaful / insurance (MRTT / MRTA). The cost of financing documents / loans including legal costs is borne by the buyer.

The Government will also give 50% of stamp duty exemption on the instrument of transfer agreements and loan agreements. The Government is also to aid monthly instalments of RM200 per month for a period of 2 years from the date of first disbursement to the developer / vendor.