MyBenefits Relief on Housing - Affordable Home Loans & Financing

Home FinancingPR1MA Skim Pembiayaan Fleksibel (SPEF)  

Up to 100% home financing and easy repayment schemes for PR1MA homes buyers  
Last updated: November 19, 2017  
All information has not been verified by the relevant Ministry/Agency

What is this programme about?  

This financing scheme is established in collaboration with Bank Negara Malaysia (BNM), EPF and four local banks, namely Maybank, CIMB, RHB and AmBank, is exclusive for eligible PR1MA homebuyers. It is a home financing scheme that eases the repayment of the loan in the initial years of the loan tenure.  


The reduced instalment payment in the first five years is made possible through
1. A lower monthly instalment in the first five years
Stepped-up financing with a fixed instalment for the first 5 years of the loan tenure. The borrower only needs to pay the interest amount of the housing loan in the first five years of the loan tenure. The principal amount kicks in from year 6 onwards until full settlement of the loan

2. Monthly payment assistance using EPF savings
EPF allows members to use saved funds in EPF Account 2 for the purpose of PR1MA home instalment up to retirement or end of the loan tenure.

3. Higher loan eligibility
In combining the step up financing with EPF Account 2 withdrawal option, the applicant will also be able to afford and hence eligible to apply for a higher loan amount.

4. Cost reduction
This scheme allows the waiver of stamp duty for both the Sale and Purchase Agreement and also Loan Agreement.

The PR1MA Homes is a scheme to supply affordable housing units for middle-income Malaysians earning RM2,500 to RM10,000 per month. These affordable homes, located in selected prime urban locations cost between RM100,000 - RM400,000 with an average price point of RM250,000.  In addition to providing the supply of affordable price homes, PR1MA through a panel of banks offers affordable end-financing to buyers.

Who can apply? 

General Eligibility Criteria

(Contact ministry/agency for all other requirements, if any)

  1. Malaysian citizen.

  2. Resident in Malaysia

  3. Aged 21 and above, single or married. 

  4. Income group - Individual or combined household income between RM2,500 and RM15,000

  5. Owns no more than one property among both the individual and spouse

  6. Self-employed applicants must have income statements

  7. Bankrupt applicants must have a  guarantor

  8. For the self-employed applicant with no income documentation or guarantor for bankrupt but are keen to own a PR1MA Home, can still apply. The consideration for approval will be subjected to PR1MA’s discretion.

What are myBenefits? 

Assistance: Easy financing

Income Group: RM2,500 to RM15,000

Target Group: PR1MA home buyers



Ministry/Agency: Perbadanan PR1MA Malaysia (established under the PR1MA Act 2012)


Mailing address  :

R-15, Central Piazza, No. 2, Jalan PJU 1A/7A, Oasis Square, Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan
Telephone: +603-7962 4374

Online registration:

FAQ link:



Property Price: RM100,000 to RM400,000

Loan Amount: Up to 110% of the purchase price

How to apply? 
Application process

(Contact ministry/agency to find out the procedures and processes)


What documents do I need for application?

The general requirement of documents needed for the application

(Contact ministry/agency for all other requirements, if any)

  1. A copy of the identity card (myKad) of the applicant

  2. Original copy of the Sale and Purchase Agreement

  3. Copy of the title deed (if available)

  4. A copy of your last 3 month’s salary or 6 month’s bank statement (if self-employed)

  5. Letter of confirmation of income and years of service from the employer

  6. A copy of income tax return/EA form for the past 3 years

Other information required for online registration

  1. EPF number

  2. LHDN number

  3. Employment details of applicant and spouse 

  4. Details of other property owned 


News  & Updates 

October 28, 2017 Rism lauds scheme to enable house buyers to pay less in early years


July 5,2017 BNM calls for central authority to lead affordable housing initiatives


July 18,2017 Access to financing is not primary issue for affordable housing


April 26,2017 Special financing scheme for PR1MA homeowners