OCBC My First Home Scheme

    OCBC My First Home Scheme is a financial solution for those who want to own their first home. You get a finance margin of up to 100% with this facility to acquire either a completed property or a property under construction. Here are the features and benefits of this loan scheme.

    Margin of Financing Up to 100%.
    Type of Financing Term loan.
    Loan Tenure 35 years or up to 65 years of age, whichever is earlier.
    Interest Rate Base rate + spread (current base rate (BR) is 4.08% p.a.).

    Features and Benefits

    • Geta finance margin of up to 100% with this loan.
    • Get this loan scheme for completed residential properties and residential properties under construction.
    • Take a loan amount ranging from RM100,000 to RM500,000 with this facility.
    • Enjoy a long repayment tenure of up to 35 years or 65 years of age.

    Fees and Charges

    Processing Fee Waived.
    Legal Document Photostat Charges RM10 per document.
    Stamp Duty As per Stamp Duty Act 1949.
    Late Payment Charges 1% p.a. on the outstanding balance.


    Age Requirement Up to 40 years of age.
    Nationality Requirement Malaysians.
    Income Requirement Single borrower: Not exceeding RM5,000 per month. Joint applicants: Combined gross income of up to RM10,00 per month.
    Other Criteria
    • Only for first-time home buyers.
    • Must be an occupant.
    • Permanent staff must be employed for at least 6 months in their current company.

    Required Documents

    • 1 copy of NRIC (both sides).
    • Bank statement.
    • Payslips.

    How to Apply

    Telephonic Application
    • Contact OCBC Bank’s contact centre.
    • Express your interest to apply for OCBC My First Home Scheme.
    Offline Application
    • Visit OCBC Bank’s nearest branch.
    • Request for an application form for OCBC My First Home Scheme.
    • Fill in the application form.
    • Submit the filled application form and the supporting documents.

    This loan is ideal for those who are looking to purchase their first home in Malaysia. Before applying for this loan, go through the eligibility criteria and fees and charges to get a better idea of what the scheme offers.

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