Changes to eligibility criteria to assist Malaysians acquire their first home

STARTING this month, as announced by the Government in Budget 2013, the eligibility criteria of the My First Home Scheme will be revised to enable more Malaysians to own their first residential property.

The changes to the eligibility criteria on the My First Home Scheme include increasing the income limit of individual borrowers from RM3,000 to RM5,000 per month or joint borrowers of up to RM10,000 per month (subject to individual borrower income not exceeding RM5,000 per month).