MBSB My First Home Buyer Scheme

Want to purchase your first home for your family? Borrow up to a maximum of 100% of the property price, or up to RM500,000 with the MBSB My First Home Buyer Scheme

    • Up to 35 years
    • Term loan
    • Floating Interest Rate
    • 5 years lock in period
    • Up to 100% margin of finance
    • 14 days approval
  • You BorrowEstimated Interest Rate
    RM100000 - 5000005.85% p.a.

    *Effective interest rate will be determined by MBSB upon approval.

Apply online now for MBSB My First Home Buyer Scheme

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM106.00 per request
Letter for EPF Withdrawal Fee
RM53.00 per request

*inclusive of 6% GST


Are you eligible for this MBSB home loan?

Minimum annual income
Minimum age
18 years old
Maximum age
35 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about MBSB My First Home Buyer Scheme

Things you might want to know

Take the next step towards personal stability with a home financing plan tailored for first time home owners by Malaysia Building Society Berhad. Choose a conventional mortgage or shariah-approved financing, available to all Malaysians between the ages of 18 to 35 years.

What is MBSB My First Home Buyer Scheme?

As part of My First Home Scheme or Skim Rumah Pertamaku (SRP) by the Malaysian government, you can now own your own place with a mortgage that provides 100% financing up to 35 years with MBSB.

Borrow a minimum of RM100,000 or up to RM500,000, including other incidental cost – such as home insurance and stamp duties, at 5.85% interest rate (current rate).

How does the Floating Interest Rate work?

The interest that you’ll pay each month for this housing loan will be based on a floating interest rate? What is this strange bank jargon you ask? It simply means that the interest rates may change over the duration of your loan – after all you are borrowing money for a long period.

Depending on the market, interest rate changes by Bank Negara Malaysia and other factors, your monthly payment rates may go down, or up if you’re unlucky.

What is a Term Loan?

MBSB My First Home Buyer Scheme is a term loan, so you’ll have to repay what you owe in fixed instalments each month. If you do not make these payments each month you will be charged late payment charges, as stated in your loan agreement with MBSB.

Am I eligible to apply?

To apply, you have to be employed for a minimum of 6 months and the property has to be your first home purchase. Self-employed individuals such as business owners, partners, directors and sole-proprietors are not allowed to apply for this home loan.

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