What is BSN MyHome (Youth Housing Scheme)

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Most of the youngster nowadays have the difficulties to purchase they dream house. There are several reason, such as loan does not approve, insufficient downpayment etc. In order to tackle this problem, many developers and financing company introduced attractive programme to help the youth purchase their dream house.

Bank Simpanan Nasional (BSN) introduced BSN MyHome (Youth Housing Scheme) in year 2015 under Budget 2015. This programmed was designed to help single or married youths own their very first home with ease.

Who are eligible for this programme?
»   Malaysian citizen aged 21 to 45 years old (subject to age limit of not more than 65 years old at end of tenure).
»   Single or married with household income no more than RM10,000 per month.
»   First time purchaser.
»   Individual / Joint Loan.
»   BSN GIRO / GIRO-i account holder.
»   Proof of purchase.

What do I enjoy in this programme?
»  This facility is offered for financing the purchase of either completed, under construction or sub-sale properties.
»  100% of stamp duty exemption on the transfer of ownership and facility documents for property price up to RM300,000.
»  The Government is also to aid monthly instalments of RM200 per month that will be credited to customer’s financing account for a period of 2 years, from the date of first disbursement to the developer / vendor.

What is the acceptable property price range?
In order to enjoy this programme, you are require to fulfil the price range as below:
»  Minimum: RM 100,000
»  Maximum: RM 500,000

For more information, visit BSN official website.

Looking for other solutions? Consider EziOwn voucher programme! Visit www.eziown.com to find out more!

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