Al-Rajhi Bank Malaysia My Second Home

    The Al-Rajhi Bank Malaysia My Second Home (MM2H) is a Malaysian government initiative to welcome foreigners and stay in Malaysia. The government provides foreigners with multiple-entry social visit pass so you can bring your family and stay in Malaysia. Know more about the scheme here:

    Profit Rate Type Variable.
    Margin of Finance Up to 80%.
    Financing Tenure Up to 35 years.

    Features and Benefits

    • Enjoy competitive profit rates on the financing facility.
    • Get financing up to a margin of 80% of the property value.
    • Repay the borrowed amount for a period of up to 35 years.
    • Opt for a comprehensive takaful coverage for your house.
    • Get a Social Visit Pass with the financing.

    Fees and Charges

    Fee Type Description
    Annual Financing Statement Fee RM5 per ad-hoc request.
    EPF Withdrawal Letter RM10 per request.
    Redemption Statement Fee RM10 per request.
    Bursa Transaction Fee RM15 per RM1 million.
    Photocopy/Retrieval of Security Documents Actual cost.

    Eligibility Requirements

    Nationality Open to citizens of all Malaysia-recognised countries.

    How to Apply

    Method 1
    • Download the home loan application form from the bank’s official website.
    • Fill up the form with relevant information.
    • Attach your NRIC, Military/Police ID.
    • Fax the documents with the application form to the number 03-23326057.
    • Send an email with the specified documents to [email protected]
    Method 2
    • Visit the nearest branch office.
    • Express your interest to apply for the home loan scheme.
    • Fill up the application form.
    • Attach the required documents.
    • Submit the documentation to the branch.


    Al-Rajhi Bank Malaysia My Second Home scheme provides you with an opportunity to visit Malaysia and stay in your own home for as long as you like. There are certain criteria you should fulfil to get qualified to enjoy the benefits of the scheme.


    Q. How long is the Social Visit Pass valid?

    A. The Social Visit Pass will be valid for a period of 10 years.

    Q. Can I renew the Social Visit Pass after the completion of the validity period?

    A. Yes. The Social Visit Pass is renewable after the completion of the validity period.

    Q. Can I apply for Al-Rajhi Bank Malaysia My Second Home scheme to buy a commercial property?

    A. No. Al-Rajhi Bank Malaysia My Second Home scheme is limited to financing for residential properties.

    Q. Is the financing based on Shariah principles?

    A. Yes. Al-Rajhi Bank Malaysia My Second Home scheme works based on Shariah-based Commodity Murabahah principle. The principle refers to the Bank purchasing the commodity and selling it to the customer at a price that includes a profit margin. The customer is allowed to make deferred payments to the bank. Once the payments are completed, the customer will get the ownership of the property.

    Q. Is there a restriction on bringing my family with me to Malaysia with the pass?

    A. Yes. You will be given a multiple-entry Social Visit Pass. However, you can bring only your spouse and unmarried children aged below 21 years with you.

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