A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • CIMB My First Home Scheme

    CIMB My First Home Scheme is a housing loan facility for first-time home buyers. This facility comes with a high margin of financing of up to 100%, along with an additional 5% for legal and valuation financing. The rates of interest are competitive, and there is no processing fee.

    Margin of Financing Up to 100%
    Type of Financing Standard
    Loan Tenure Up to 35 years, provided that the customer's age is not over 65 years at the end of the financing period
    Interest Rate Base Rate + 1.05% p.a. to Base Rate + 1.45% p.a. (depending on the financing amount)

    Note: Base Rate is 4.15% p.a. as specified on the CIMB website effective from 2 February 2018.

    Features and Benefits

    • Get a high financing margin of up to 100% of the property price for first time buyers.
    • Get additional financing for Legal/Valuation/Group Mortgage Term Assurance (GMTA).
    • Do not pay any processing fees.
    • Extend the loan tenure up to 35 years.

    Fees and Charges

    Processing Fee None
    EPF Withdrawal RM20 per request
    Stamp Duty As per Stamp Duty Act 1949
    Late Payment Charges 1% p.a. of the outstanding amount


    Nationality Requirement Malaysian citizens
    Age Requirement 18 years to 40 years
    Other Criteria
    • Salaried professionals
    • Only first time home buyers
    • Single borrower's total income should be less than RM5,000 per month
    • The gross household income of joint applicants should be less than RM10,000 per month (keeping RM5,000 as the total income of each applicant)
    • Property value must be between RM100,000 to RM500,000

    Required Documents

    Salaried Applicants
    • ID card
    • Bank statement showing salary crediting (latest 3 months)
    • Latest EA Form
    • Recent payroll slip with employer's name, with salary crediting evidence
    • Employer's letter confirming the applicant's income details and designation
    • Sale and Purchase Agreement

    How to Apply

    Branch Application
    • Go to CIMB Bank’s nearest branch
    • Ask for the local application form for CIMB My First Home Scheme
    • Fill out the form
    • Submit the supporting documents

    CIMB My First Home Scheme is ideal if you're a Malaysian citizen working in the private sector, and looking to buy a home for the first time. This financial package comes with a high financing margin of 100% where you don't have to pay any processing fee. You can contact CIMB Bank's contact centre for more information if you want to apply for this loan.


    Q. Is there any requirement for the payment amount?

    A. Yes. The payment amount must not exceed 1/3 of the monthly income.

    Q. I am a business owner? Will I be eligible to apply for this loan?

    A. No. Business owners, partners, directors and sole-proprietorship are not eligible for this loan. You can only apply if you are a salaried professional.

    Q. How much legal financing can I get?

    A. You will be entitled to 5% legal financing.

    Q. How long will it take to process my loan application?

    A. Loan approval takes just a minute, provided you submit all the supporting documents when you apply.

    Q. My house is being constructed. Will I be able to apply for this loan?

    A. You will be able to apply for the loan if your house is built or still under construction, provided that you are a first time home buyer.

    Q. How much loan amount can I get if I apply for this loan?

    A. Your exact loan amount will depend on your monthly income. Speak to a bank representative for more information.

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