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MBSB Loan for My First Home Buyer Scheme up to RM500K


“MBSB My First Home Buyer Scheme” launched by Malaysia Building Society Berhad (MBSB) on 30 March 2012.

The scheme is designed exclusively for the first home buyers to buy their first house with a ceiling price of RM500K by paying nothing! 100% financing and the normal 10% down payment will be exempted. You will, of course, paying higher interest rate for the mortgage.

Features:

  • 100% margin of financing (105% inclusive of incidental costs)
  • Property price up to RM500,000
  • 0 entry cost

Eligibility:

  • Open to all Malaysian aged 35 years old and below
  • First home buyer
  • Employed by the same company/employer for a minimum of 6 months
  • For own residential use only

For more information, visit http://www.mbsb.com.my/

One thought on “MBSB Loan for My First Home Buyer Scheme up to RM500K”

  1. Me
     · 

    Sounds goods…but the blr is not good..

    MBSB only offered -1 only..

    means if compare current rates, BLR 6.6..the effective rate are 5.6% !!