OCBC My First Home Scheme

To all Malaysians below 40, it's your chance to own your first home, either completed or still under construction. Get up to 100% financing at a competitive interest rate.

OCBC My First Home Scheme
Up to 35 years
Interest Rate
from 4.45% p.a.
Loan type
Term loan
Interest Type
Floating interest rate
Lock In Period
3 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 - RM500,0004.45% p.a.
*Effective interest rate will be determined by OCBC upon approval.


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

Fees & Charges

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

More Information

What is OCBC My First Home Scheme all about?

Due to rising property prices, especially in capital cities such as KL, many young adults find it difficult to own a house and still get by comfortably - this is why the Malaysian government has come up with the My First Home Scheme or Skim Rumah Pertamaku (SRP) in 2011.

With OCBC Skim Rumah Pertamaku, you can borrow up to 100% of your home's market price, with no need for downpayment or high-income requirements. 

You can also apply for an Islamic SRP plan that is Shariah-compliant.

Am I eligible to apply for the OCBC SRP?

You'll be eligible as long as you're a Malaysian aged 40 and below, a first-time home buyer, and earn no more than RM5,000 a month. 

If you want to own your home with your partner, the combined gross monthly income should not exceed RM10,000.

For you to be granted your housing loan, you must occupy and stay in the property - that means no renting out to other people for profit.

How much can I borrow from OCBC?

This loan is applicable for a residential property valued between RM100,000 and RM500,000, applicable for houses that are completed or still under construction. 

As a rule of thumb, your monthly instalments must not be more than 60% of your net monthly income or maximum borrowing limit, whichever is lower.

How long can it take to repay my OCBC loan?

Your loan period cannot be more than 35 years, subject to you not exceeding 65 years of age at the end of financing tenure for the OCBC My First Home Scheme loan.

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