Here’s a detailed guide on the Best Government Housing Loans & Grants for First-Time Buyers in Malaysia (2025), including eligibility, benefits, and application processes.
🏡 Best Government Housing Loans & Grants for First-Time Buyers in Malaysia (2025)
For first-time homebuyers in Malaysia, the government offers various housing loan schemes and grants to help ease the financial burden. Below is a comprehensive guide to the best government-backed housing loans and grants available.
1️⃣ Skim Rumah Pertamaku (SRP) – My First Home Scheme
For Young Malaysians Buying Their First Home
✅ Eligibility:
- Malaysian citizen aged 18 – 50 years old
- First-time homebuyer
- Monthly gross income: Up to RM10,000
- Property price: Between RM100,000 – RM500,000
- Must be for owner-occupied residence (not investment)
- Self-employed & salaried workers eligible
✅ Benefits:
- 100% financing (no down payment needed)
- No guarantor required
- Can be used for completed homes & under-construction projects
✅ How to Apply?
- Apply through participating banks: Maybank, CIMB, RHB, BSN, Public Bank, etc.
- Visit: https://www.srp.com.my
2️⃣ PR1MA Housing Scheme (Perumahan Rakyat 1Malaysia)
Affordable Homes for Middle-Income Malaysians
✅ Eligibility:
- Malaysians aged 21 years & above
- Monthly household income: RM2,500 – RM15,000
- First-time OR second-time homebuyer
- Must reside in the purchased home
✅ Benefits:
- Below-market prices (up to 20% cheaper)
- Located in prime areas across Malaysia
- Special PR1MA financing options available
✅ How to Apply?
- Register online: https://www.pr1ma.my
- Select housing projects & apply directly
3️⃣ Rumah Mesra Rakyat (RMR) – For B40 Malaysians
Helping Low-Income Groups Own a Home
✅ Eligibility:
- Malaysian citizen aged 18 – 65 years old
- Monthly household income RM1,500 – RM5,000
- No existing home ownership (or staying in an old house)
- Landowners can apply to build a house on their land
✅ Benefits:
- Government subsidy of RM20,000 – RM30,000
- Affordable house price from RM75,000
- Low monthly installment (~RM300 – RM500)
✅ How to Apply?
- Apply via SPNB website: https://www.spnb.com.my
4️⃣ BSN MyHome (Bank Simpanan Nasional Home Loan)
Special Home Loan for Low-Income Individuals
✅ Eligibility:
- Malaysians aged 18 – 60 years old
- Monthly income: RM1,500 – RM5,000
- First-time homebuyer
- Property price up to RM300,000
✅ Benefits:
- 100% financing (No Down Payment)
- No guarantor required
- Lower interest rates
✅ How to Apply?
- Visit BSN branches or apply via: https://www.mybsn.com.my
5️⃣ Residensi Wilayah (RUMAWIP) – Affordable Housing in KL
Affordable Housing Scheme for KL, Putrajaya & Labuan Residents
✅ Eligibility:
- Malaysian citizen aged 21 & above
- Monthly income: Below RM10,000 (single) / RM15,000 (married)
- First-time homebuyer preferred
✅ Benefits:
- Subsidized home prices (RM198,000 – RM300,000)
- Prime locations near city centers
- Various unit sizes up to 1,200 sqft
✅ How to Apply?
- Register at: https://www.rumawip.kwp.gov.my
6️⃣ PPR (Program Perumahan Rakyat) – Low-Cost Housing
Government-Subsidized Low-Cost Housing for B40 Group
✅ Eligibility:
- Malaysian citizens
- Monthly household income below RM3,000
- Priority for B40 & urban poor groups
✅ Benefits:
- Rental option: RM124 per month
- Ownership option: Below RM45,000
- Available nationwide
✅ How to Apply?
- Visit: https://teduh.kpkt.gov.my
📌 How to Improve Approval Chances?
✅ Maintain a good credit score (Check via CTOS & CCRIS)
✅ Ensure stable monthly income & employment
✅ Apply for 100% financing options if you lack savings
✅ Have a co-borrower (spouse/family member) to improve approval chances
🏡 Summary Table – Best Government Housing Loans & Grants
| Scheme | Income Requirement | House Price | Key Benefit | Website |
|---|---|---|---|---|
| Skim Rumah Pertamaku (SRP) | Up to RM10,000 | RM100,000 – RM500,000 | 100% financing | SRP Website |
| PR1MA | RM2,500 – RM15,000 | RM100,000 – RM400,000 | Below-market prices | PR1MA Website |
| RMR (Rumah Mesra Rakyat) | RM1,500 – RM5,000 | From RM75,000 | RM20,000 subsidy | SPNB Website |
| BSN MyHome | RM1,500 – RM5,000 | Up to RM300,000 | 100% financing | BSN Website |
| RUMAWIP | RM10,000 (single) / RM15,000 (married) | RM198,000 – RM300,000 | City locations | RUMAWIP Website |
| PPR (Program Perumahan Rakyat) | Below RM3,000 | Below RM45,000 | Low-cost housing | PPR Website |
🔍 Conclusion: Which Housing Loan is Best for You?
✔ Low-Income Buyers (B40) → PPR, BSN MyHome, Rumah Mesra Rakyat
✔ Middle-Income Buyers (M40) → PR1MA, RUMAWIP
✔ Young First-Time Buyers → Skim Rumah Pertamaku
✔ Government Employees → LPPSA (For Civil Servants)
With various government housing loans & grants available, first-time homebuyers in Malaysia can reduce financial burden & secure affordable housing.
