Purchasing a home for the first time is a significant financial decision and commitment, especially for young professionals and newlywed couples. Despite the challenges of high property prices, stagnant wage growth, and strict lending/financing criteria. To support homeownership among Malaysians, the Malaysian government has introduced several initiatives to make homeownership opportunities more accessible.

First-time buyers may face hurdles such as high living costs, student debt, and limited access to affordable housing. To address these challenges, RHB’s First Home Mortgage/-i offers a financing option of up to 110%, thus 1^st home buyers may consider financing upfront costs, making homeownership more accessible.

Why RHB’s First Home Mortgage/-i Is Ideal For First-Time Buyers

Zero or Minimal Down Payment
Many first-time buyers delay purchasing a home due to the challenge of saving sufficient money for a down payment. With up to 110% financing, RHB’s First Home Mortgage/-i reduces the stress of having to pay a large sum upfront. This means you can move into your dream home without waiting years to save up for a deposit.

High Financing Margin
No matter your home preference, whether it’s an apartment or a landed property, you have options. RHB offers two tailored packages designed for different income levels:

• Package 1: Up to 100% + 10% financing (including MRTA/MRTT, solicitor fees, and valuation fees) for homes priced up to RM300,000 with a gross monthly household income of RM5,000.
• Package 2: Up to 100% + 5% financing (including MRTA/MRTT, solicitor fees, and valuation fees) for homes priced up to RM1,000,000 with a gross monthly household income of RM15,000.

With flexible financing, buyers can secure homes based on their affordability range without worrying about excessive financial strain.

Tailored For First-Time Buyers
This loan/financing is specifically designed to support Malaysians purchasing their first home. Whether you’re a young professional, gig worker, or a newly married couple, RHB’s First Home Mortgage/-i provides a flexible financing option that adapts to your financial situation. It allows both single applicants and couples to confidently take their first steps into homeownership.

Flexible Loan/Financing Tenure For Long-Term Stability
RHB understands that homeownership is a long-term commitment. That’s why the loan/ financing tenure extends up to 35 years or until the applicant reaches 70 years old—whichever comes first. This ensures manageable monthly repayments/payments and greater financial security over time.

Freelancers And Gig Workers, You Can Own A Home Too
Freelancers, online sellers, and gig workers often face challenges in securing home loans/ financings due to irregular income streams. However, RHB’s First Home Mortgage/-i is designed to be inclusive, catering not only to salaried individuals but also to those with non-traditional income sources. By accepting bank statements, tax documents such as Form B or private limited (Borang 24 & 49), or other financial records as proof of income stability, RHB ensures that self-employed individuals and gig workers can also qualify for financing. To improve your chances of approval, prepare your financial documents, clear outstanding debts, and check your credit score. With flexible eligibility criteria, RHB makes it possible for everyone to begin their journey in owning a home.

Easy Application Process
Taking the first step towards homeownership doesn’t have to be daunting. With RHB’s First Home Mortgage/-i, first time home buyers, regardless of whether you are a salaried applicant or self-employed applicant, can unlock the door to their dream home with full financing, flexible eligibility, and a hassle-free application process. 

Whether you’re saving for the future or ready to move in now, this solution is designed to make your journey smoother and more achievable.

Your dream home is closer than you think. Visit RHB’s website to check your eligibility today and take the first step towards a brighter future!

• TAGS:
• Financing
• Freelancers
• Home Loan
• RHB