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
Tenure
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.

Requirements

Minimum Annual Income
RM24,000
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
None
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

Home Loan » OCBC

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