MyBenefits Relief on Housing - Affordable Home Loans & Financing

Home LoanYouth Housing Scheme Skim Perumahan Belia (SPB)  

100% home loan and subsidy for repayment   
Last updated: November 19, 2017  
All information has not been verified by the relevant Ministry/Agency

What is this programme about?  

This scheme is a collaboration between the government and Bank Simpanan National (BSN) to offer cheaper financing and financial assistance to aid married youth age between 25 to 40 years with household income not exceeding RM 10,000 per month to purchase homes.

Through this scheme, BSN provides 100% financing/loan up to RM500,000 with a financing tenure up to 35 years or at the age of 65, whichever is earlier to the eligible home loan borrowers. To further assist these first-time homeowners, the government provides a monthly RM200 subsidy to successful applicants for the first two years to ease the monthly loan repayment burden.  The government also waives a 100% of the stamp duty for property value up to RM300,000.
This scheme is limited to 20,000 buyers only on the ‘first come first served’ basis.  

Who can apply? 

General Eligibility Criteria

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

  1. Malaysian citizen.

  2. Resident in Malaysia

  3. Age 21 to 45 years old (subject to the age limit of not more than 65 years old at end of tenure)

  4. Income group – household income < RM10,000 per month

  5. Single or married

  6. First-time purchaser

  7. BSN GIRO / GIRO-i account holder

  8. Proof of purchase

  9. Margin of Financing 

       » Property: Up to 100% of the purchase price/ market price

          (whichever is lower)
      » MRTT: Up to maximum 5% of the purchase price/ market

         price (whichever is lower)

 What are myBenefits? 

Assistance: Financing and Subsidy
Income Group: < RM10,000 per month
Target Group: Employed Youth



Ministry/Agency: BSN and Ministry of Urban Wellbeing, Housing and Local Government


Mailing address  :

Aras 30, No 51, Persiaran Perdana, Presint 4 Pusat Pentadbiran Kerajaan Persekutuan 62100 Putrajaya

Telephone: 03-8891 4060, 4049, 4048

Fax:03-8891 4269



Property Price: up to RM500,000

2 years monthly RM200 aid
- 100% stamp duty exemption for property value up to RM300,000

Loan Amount: 100% of the property value

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. Completed BSN application form

  2. Copy of the identity card (myKad) of the applicant 

  3. A valid marriage certificate

  4. Proof of purchase consisting of a copy of Property Sale and Purchase

  5. Salaried Applicant/Co-applicant (spouse only)

  • Latest 3 months’ Salary Slip

  • Latest 3 months’ bank statement Agreement(S &P), which has been stamped.
    If the S&P has not been completed, the deposit receipt /proforma
     purchase orders are acceptable for the purpose of approving the application

  • Latest 6 months’ Salary Slip and bank statement (other income)

  • EPF statement

  • Employer Confirmation Letter

Self Employed Applicant/Co-applicant (spouse only)

  • Company’s registration (SSM)

  • B/BE Form + LHDN Receipt

  • Company’s Financial Statement

  • 6 months’ company bank statement

  • Other documents i.e site visit report etc.