Home Loan for Foreigners in Malaysia

Over the years, the Malaysian Government is encouraging more and more foreigners to purchase a home in Malaysia. If you are a foreigner in Malaysia (either a tourist or an expat) and considering to buy a home, read this article to take an informed decision.

Housing Loan for foriegners

Benefits for Foreigners in Malaysia

Banks Offering Home Loans To Foreigners in Malaysia

  • Al Rajhi Home Financing-i: This financing facility supports the Malaysia My Second Home (MM2H) programme. This is open to the citizens of all the countries recognised by Malaysia. The benefits of this financing facility include high financing margin of up to 80%, completed Takaful coverage, and flexible tenure of up to 35 years.
  • Maybank MaxiHome: MayBank offers this home loan package to expats along with individuals and joint account holders. The benefits of this loan include flexible repayment options, MRTA coverage, high loan margin and many more.

Eligibility Criteria for Foreigners

  • Age: Individuals who are 18 years of age and above.
  • Income: For MM2H programme, minimum RM10,000 offshore monthly income is required.

Documents Required

The following documents are required in order to apply for a home loan in Malaysia:

For Salaried People:
  • Photocopy of your NRIC or your passport.
  • Last 3 consecutive months' pay slip.
  • Last 2 years EA form or EPF statement.
  • Sales & Purchase Agreement or booking receipt from the developer.
For Self-Employed:
  • Photocopy of NRIC or your passport.
  • Last 3 consecutive months' salary slip.
  • Last 2 years EA form or EPF statement.
  • Booking receipt or Sales & Purchase agreement.
  • Business registration A&D.
  • Last 3 consecutive months bank statement.

Banks offering Home Loans in Malaysia

The following is the list of banks offering home loans in Malaysia:


Q. I am a non-resident Malaysian. How can I finance a property in Malaysia?

A. Being a non-resident Malaysian, there are two ways in which you can finance a property in Malaysia – either you buy a property in Malaysia by bringing in finance from your home country or opt for a home loan to finance a property in Malaysia . You can get a home loan if you have a good credit history.

Q. I am married to a Malaysian. Do I still need to apply for MM2H?

A. Yes, as per the new rule, you need to apply for MM2H Visa if you are married to a Malaysian.

Q. Are there any major exclusions related to property purchase in Malaysia?

A. Yes, there are exclusions. Here are some of them:

  • Any property that has valuation less than RM1 million.
  • Any property on Malay Reserve Land.
  • Any property that is distributed to Bumiputera by the state authority.
  • Any agricultural land.
Q. What is the finance margin for housing loan for expats in Malaysia?

A. The finance margin is 80% for MM2H holders and 70% for non-MM2H holders.

Q. How long is the Social Visit Pass valid?

A. The pass is valid for 10 years. It is renewable as well.

The Malaysian Government is trying its best to encourage more and more foreigners buying a home in Malaysia. If you are a foreigner and have all the supporting documents in place, getting a home loan won’t be that much difficult. However, ensure that all the documents are valid and legitimate in order to enjoy hassle-free home loan approval.

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