Affin Bank My First Home Scheme

Own your first home without paying thousands of Ringgits for your downpayment! Enjoy 100% financing at lower rates for up to 35 years.

Affin Bank My First Home Scheme
Up to 35 years
Interest Rate
from 4.96% p.a.
Loan type
Term loan
Interest Type
Floating interest rate
Lock In Period
5 years
Margin of finance
up to 100%

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
RM100,000 - RM500,0004.96% p.a.
*Effective interest rate will be determined by Affin Bank upon approval.


Minimum Annual Income
Minimum Age
  • 18 to 40 years old
Who can apply
  • Any nationality
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. p.a. of the outstanding amount
Processing Fee
Early Settlement Fee
3% to 5% if redeemed within 5 years
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Insurance Types
  • MRTA

More Information

What do I need to know about Affin Bank My First Home Scheme?

This home loan scheme is also known as Skim Rumah Pertamaku (SRP), a Malaysian government programme to assist young working adults to own their very first home at lower interest rates and cheaper monthly repayments. 

With SRP, it's now affordable to own a house without having to save up for a down payment which can amount to more than RM10,000!

Well, what are the requirements for “young adults” home buyers?

You must be a Malaysian who is aged between 18 and 40, and have yet to own a house. For an individual home loan borrower, your income should not exceed RM5,000 a month while joint borrowers combined monthly income should not exceed RM10,000, provided that each borrower's monthly income is not over RM5,000.

How long can I pay for my Affin Bank housing loan?

You can stretch your loan repayment up to a maximum of 35 years or until you reach the age of 65, whichever comes first. For example, if you apply for the Affin Bank My First Home Scheme at the age of 40, your financing tenure can only go up to 25 years. 

The lock-in period for this loan is 5 years. If you pay off your loan within 5 years, you will have to pay early settlement fee.

What kind of properties can I buy under the Affin Bank SRP?

All residential properties located at Malaysia are eligible for this mortgage, no matter completed or under construction. The minimum property value is set at RM100,000 up to a maximum of RM500,000.

If you plan to make your house an investment and rent it out, your mortgage will not be approved by bank. You must occupy the house yourself to be able to get the loan from Affin Bank.

How to pay mortgage installment?

You can pay for your Affin Bank My First Home Scheme by setting up a standing instruction or salary deduction - so there's zero chance of you paying for any late repayment fees! As this is a conventional term loan, you will not be able to withdraw any cash from your loan account.

Is it compulsory to purchase insurance or takaful?

Under Affin Bank Skim Rumah Pertamaku, it is compulsory to buy fire insurance or Takaful. However, the Mortgage Reducing Term Insurance (MRTA) is an optional insurance which will provide financial protection in the event of your death, diagnosis of terminal illness, and total permanent disability (TPD). 

The outstanding mortgage loan amount will be pay off once the mentioned unfortunate takes place.

What documents do I need to apply for this mortgage?

Exclusively for salaried employees:

  • Photocopy of NRIC
  • Latest 3 months salary slips, including commission statements if any
  • Latest 6 months commission statements (for commission earners)
  • Latest pension fund statement (for pensioners)
  • EA Form or Borang B supported by tax payment receipt or E-Filing supported by acknowledgment
  • Latest EPF statement
  • Latest 3 months bank account statement where your salary, or pension is credited
  • Letter from employer to confirm on applicant's income
  • SPA agreement or booking receipt from developer (for under construction properties)
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