A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Affin Bank My First Home Scheme (Skim Rumah Pertamaku)

    Affin Bank My First Home Scheme (Skim Rumah Pertamaku) by Affin Bank is a house loan scheme for the first home buyers. The facility provides individuals with funds for a residential property purchase at a competitive interest rate range.

    Features & Benefits

    • Any kind of completed or under construction residential property within the country including Sarawak and Sabah come under this loan facility.
    • The loan provides customers with funds up to 100% of the price of the property with a maximum of RM500,000.
    • The tenure for Affin Bank My First Home Scheme (Skim Rumah Pertamaku) can be extended to 35 years.
    • The leasehold properties covered under this property should have at least 60 years remaining in the leasehold tenure.
    • Customers don’t have to put in any deposit or down payment for this facility.

    Interest/Profit Rates

    The interest rate associated with Affin Bank My First Home Scheme (Skim Rumah Pertamaku) is pegged to the bank’s base rate (BR) and is mentioned in the following table:

    Available Loan Tenure Interest Rate
    Up to 35 years. (BR + 1.01)% p.a.

    Eligibility Criteria

    • Customers applying for Affin Bank My First Home Scheme (Skim Rumah Pertamaku) must be Malaysian citizens.
    • Customers must be 40 years or younger but at least 18 years old at the Affin Bank My First Home Scheme (Skim Rumah Pertamaku) application date.
    • Customers should not be older than 65 years before the loan facility expires.
    • The customers must be first time home buyers.
    • If the customer is applying for Affin Bank My First Home Scheme (Skim Rumah Pertamaku) individually, his/her income must be below RM5,000 per month.
    • If the customers are applying for Affin Bank My First Home Scheme (Skim Rumah Pertamaku) on a joint basis, the joint income must be below RM10,000 per month.

    Documents Required

      Salary-earner Individuals:
      • Salary slips/vouchers for the last 3 months for salary earners, or
      • Commission statement for the last 6 months, or
      • Latest pension fund statement for pensioners.
      • Borang B supported by the tax payment receipt or e-Filing statement by acknowledgement, or
      • Latest EA form.
      • Latest EPF statement.
      • Bank statement where the salary is being credited for the last 3 months, or
      • Commission statement for the last 6 months where commission is being credited.
      • Employment confirmation letter with income proof of the applicant.
      Self-employed Individuals:
      • Personal account statements for the last 6 months (Sdn Bhd/Limited companies).
      • Business account statements for the last 6 months (Partnership/Sole proprietorship).
      • Latest Borang B supported by receipt of tax payment or e-filing supported by acknowledgement.
      • Latest management account and profit and loss account.
      Other Income Supporting Documents (wherever required):
      • Investments/unit trust/other deposits.
      • Tenancy agreement or rental income receipts.
      • Unencumbered fixed deposit certificates.
      • For agro-based sector: sales vouchers.
      • Director’s fee as reflected in audited profit and loss account.
      Additional Documents:
      • A copy of NRIC (both sides).
      • For the properties that are under construction: booking receipt from developer.
      • Sales and purchase agreement.
      • A copy of valuation report that are obtained from Bank’s approved panel of valuers (wherever required).

    How To Apply

    • Offline Application: In order to apply for Affin Bank My First Home Scheme (Skim Rumah Pertamaku), the applicants can visit their closest Affin Bank branch or reach out to the bank with the request of the same via its customer service numbers.
    • Online Application: The Affin Bank My First Home Scheme (Skim Rumah Pertamaku) application can also be approached via visiting the official website of Affin Bank.

    Fees & Charges

    Redemption statement RM53.00 per request.
    Stamp Duty As per the Stamp Duty Act 1949.
    Processing fee RM212.00.
    Letter of confirmation for EPF withdrawal RM21.20 per request.
    Security document retrieval RM31.80 per request.
    Late payment charges 1% p.a. on the amount of instalment that is overdue.
    Early settlement penalty If redeemed within first 3 years of the retention period: 5% flat on the loan amount.
    If redeemed after 3 years but within the retention period: 3% flat on the loan amount.

    Contact Number

    Customers can contact the bank via its contact number 03-5522-3000 in order to get more information about the Affin Bank My First Home Scheme (Skim Rumah Pertamaku).

    FAQ's

    Q. What is the minimum loan amount I can obtain with Affin Bank My First Home Scheme (Skim Rumah Pertamaku)?

    A. You can get funds ranging from RM100,000 to RM500,000 with Affin Bank My First Home Scheme (Skim Rumah Pertamaku).

    Q. What kind of other charges do I have to bear with Affin Bank My First Home Scheme (Skim Rumah Pertamaku)?

    A. You may be charged with a legal fee, disbursement fee, and any miscellaneous fee with Affin Bank My First Home Scheme (Skim Rumah Pertamaku).

    Q. Should I get the insurance with Affin Bank My First Home Scheme (Skim Rumah Pertamaku)?

    A. It is highly recommended to take MRTA (Mortgage Reducing Term Insurance) with Affin Bank My First Home Scheme (Skim Rumah Pertamaku).

    Q. Does the bank allow me to fully settle the remaining Affin Bank My First Home Scheme (Skim Rumah Pertamaku) amount before the facility matures? Is there a lock-in period associated with the same if it’s allowed?

    A. Yes, the bank allows you to fully settle the remaining balance before the facility’s expiration. The retention period associated with the same is 5 years.

    Q. Can multiple people apply for the Affin Bank My First Home Scheme (Skim Rumah Pertamaku)?

    A. Yes. The facility allows a joint application only when the joint income is not more than RM10,000 per month.

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