CIMB My First Home Scheme

Stop daydreaming about owning a home! It just takes 1-Minute to own your dream home with CIMB InstaApproval! Apply for a CIMB housing loan with high financing, no processing fees and zero downpayment for young adults.

CIMB My First Home Scheme
Up to 35 years
Interest Rate
from 4.35% p.a.
Loan type
Term loan
Interest Type
Floating interest rate
Margin of finance
up to 100%

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
up to RM349,9994.55% p.a.
RM350,000 - RM500,0004.35% p.a.
*Effective interest rate will be determined by CIMB upon approval.


Minimum Annual Income
Minimum Age
  • 18 to 40 years old
Who can apply
  • Malaysians
  • First time home buyers
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. p.a. of the outstanding amount
Processing Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request

More Information

How does CIMB My First Home Scheme work?

The My First Home Scheme, or also known as Skim Rumah Pertamaku (SRP) is a goverment initiative to help young adults to apply for a housing loan without struggling to pay the bills at the end of the month with 100% financing, zero processing fees, and long repayment terms of up to 35 years.

CIMB offers both conventional and Islamic mortgage loan for young adults on buying their first home.

Can I buy a house that is still under construction with this CIMB housing loan?

Yes, without a doubt! Both completed or under construction residential properties are allowed for CIMB Skim Rumah Pertamaku programme.

How I do meet the loan requirements?

You need to be aged between 18 and 40 years old to qualify for this home loan, provided you are a first-time home buyer earning less than RM5,000 per month. If you would like to have a joint application with your spouse, the combined gross income should be less than RM10,000 per month.

The house must be owner-occupied, that means you cannot apply for this housing loan if you intent to rent out your new home as an investment.

How much money can I borrow?

You can borrow between RM100,000 and RM500,000, depending on your monthly salary. Meanwhile, the loan tenure is up to 35 years, subjected to your age is not exceed 65 years at the end of your financing period. Your repayment amount must not be more than one third of your monthly income.

What are the fees and charges?

Great news! There's no processing fee on this home loan. However, you have to pay early settlement charges and late repayment penalty depending on the agreed terms with CIMB. The calculation of charges will be stated on your mortgage loan agreement.

What documents do I need to apply for this CIMB home loan?

You will need the supporting documents listed below:

  • Identification Card
  • Latest EA form
  • Latest 3 months bank statements
  • A recent salary slip with employer's name and evidence of salary credited into your bank account
  • An employment letter with job title and income details
  • Sales and purchase agreement

Tell me more about CIMB InstaApproval!

With CIMB InstaApproval, it only takes 1-Minute to own your dream home. Approval will be given upon submission of complete documents with stable internet connection.

Application is simple and paperless as you only need to apply using your NRIC and Property Booking Form. The Letter of Offer can be printed on the spot!

Am I eligible to apply for CIMB InstaApproval?

As long as you are a salaried employee working in Malaysia with EPF contribution.

Do ensure that there isn't any form of misrepresentation on the information and documentation you've provided to avoid your home financing being withdrawn and/or cancelled.

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