MBSB Bank has launched Home Advance 100, a home financing programme that covers up to 100% of the purchase price or open market value of a completed residential property, whichever is lower. 

The facility also covers up to 5% of incidental costs, including Credit Takaful Contribution (MRTT/MRPA), stamp duties, legal fees, and valuation fees.

What The Programme Covers

The offering is open to both first and second home buyers, covering completed residential properties with financing from RM300,000.

The programme offers a competitive profit rate, though specific figures are not yet available. Further details on eligibility, tenure, and rates can be obtained directly from MBSB Bank.

What 100% Financing Actually Means

Most home financing products in Malaysia cover between 85% and 90% of a property’s purchase price, which means buyers need to prepare a down payment of 10% to 15% from their own pocket before anything else. On a RM500,000 property, that works out to between RM50,000 and RM75,000 upfront, not counting legal fees, stamp duties, and other closing costs.

A 100% margin of financing removes that requirement entirely. The additional 5% coverage for incidental costs means buyers may be able to proceed with significantly less cash on hand at the point of purchase, with the full cost rolled into the financing amount instead.

A One-Year Window

The scheme is available for a fixed period from 13 April 2026 to 13 April 2027. Buyers who are actively looking at completed residential properties priced from RM300,000 and above may want to factor this into their planning

Follow us on our official WhatsApp channel for the latest money tips and updates.

Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

About THE AUTHOR

Iman Aminuddin

Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

See all articles