First home loans and schemes
First-time buyers can get higher margins under government-backed schemes. Under Skim Jaminan Kredit Perumahan (SJKP), the government guarantees part of the financing so banks can lend up to 100% of the price plus costs, including to gig workers and the self-employed. SJKP MADANI goes up to about 120% (including renovation and furniture) for homes up to RM360,000.
Civil servants can also borrow from LPPSA at a fixed rate, and several banks run their own first-home packages backed by Cagamas. Eligibility (income caps, price caps, age) varies by scheme and bank, so check before you apply.
- Packages
- 17
- Banks
- 12
- Lowest published rate
- 4.10%
- Base rate (SBR)
- 2.75%
| Bank / package | Rate | Lock-in | Margin |
|---|---|---|---|
| Bank RakyatHome Financing-i My 1st HomeIslamic | 4.10%SBR + 1.35% | — | 110% |
| Affin BankAFFIN Home-i SJKP-MADANI 2.0IslamicSemi flexi | 4.30%SBR + 1.55% (PDS illustration) | None | — |
| Affin BankAFFIN CagaFirstConventionalSemi flexi | 4.35%SBR + 1.60% (PDS illustration) | None | 100% |
| Affin BankAFFIN CagaFirst-iIslamicSemi flexi | 4.35%SBR + 1.60% (PDS illustration) | None | — |
| Affin BankAFFIN SJKP MADANI 2.0ConventionalSemi flexi | 4.35%SBR + 1.60% (PDS illustration) | None | 100% |
| BSNBSN MyHome-i SJKP-MADANIIslamic | 4.35%SBR + 1.60% | — | 120% |
| UOB MalaysiaHome Loan for First-Time House BuyersConventionalSemi flexi | 4.36%SBR + 1.61% (PDS illustration) | 5 yrs | — |
| Bank IslamSJKP MADANI Home Financing-iIslamic | 4.50%SBR + 1.75% (RM300k and below) | — | 100% |
| Bank RakyatHome Financing-i SJKPIslamic | 4.65%SBR + 1.90% | — | 100% |
| AgrobankProgram Kediaman Mampu Milik-i (PKMM-i)Islamic | 6.00%SBR + 3.25% (PDS illustration) | — | 100% |
| Al Rajhi Bank MalaysiaHome Financing-i SJKPIslamic | On requestRate on request | — | 110% |
| Bank MuamalatSMART Mortgage SJKPIslamicTerm (non-flexi) | On requestRate on request (step-up option) | None | 120% |
| Bank MuamalatSMART Mortgage Skim Rumah Pertamaku PLUSIslamicTerm (non-flexi) | On requestRate on request | None | 110% |
| Hong Leong BankSpecial Housing LoanConventional | On requestRate on request | — | — |
| MBSB BankMy First Home Scheme-iIslamic | On requestRate on request | None | 100% |
Bank Rakyat
Home Financing-i My 1st Home4.10%
Islamic· Lock-in — · Margin 110%
Affin Bank
AFFIN Home-i SJKP-MADANI 2.04.30%
IslamicSemi flexi· Lock-in None · Margin —
Affin Bank
AFFIN CagaFirst4.35%
ConventionalSemi flexi· Lock-in None · Margin 100%
Affin Bank
AFFIN CagaFirst-i4.35%
IslamicSemi flexi· Lock-in None · Margin —
Affin Bank
AFFIN SJKP MADANI 2.04.35%
ConventionalSemi flexi· Lock-in None · Margin 100%
4.35%
Islamic· Lock-in — · Margin 120%
UOB Malaysia
Home Loan for First-Time House Buyers4.36%
ConventionalSemi flexi· Lock-in 5 yrs · Margin —
Bank Islam
SJKP MADANI Home Financing-i4.50%
Islamic· Lock-in — · Margin 100%
Bank Rakyat
Home Financing-i SJKP4.65%
Islamic· Lock-in — · Margin 100%
6.00%
Islamic· Lock-in — · Margin 100%
Al Rajhi Bank Malaysia
Home Financing-i SJKPOn request
Islamic· Lock-in — · Margin 110%
Bank Muamalat
SMART Mortgage SJKPOn request
IslamicTerm (non-flexi)· Lock-in None · Margin 120%
Bank Muamalat
SMART Mortgage Skim Rumah Pertamaku PLUSOn request
IslamicTerm (non-flexi)· Lock-in None · Margin 110%
Hong Leong Bank
Special Housing LoanOn request
Conventional· Lock-in — · Margin —
MBSB Bank
My First Home Scheme-iOn request
Islamic· Lock-in None · Margin 100%
Rates are the figures each bank publishes; “On request” means it doesn’t publish one. Estimate only — the bank decides the final rate and approval.
Rates shown are the examples or “as low as” figures each bank publishes on its product page or Product Disclosure Sheet; “On request” means the bank doesn’t publish one. Your actual rate depends on your profile, loan size and lock-in, and is set when you’re approved.Checked 22 October 2026. EstateBuds doesn’t give financial advice; confirm terms with the bank before applying.
Questions people ask
Which banks offer first home loans and schemes?
12 banks: Bank Rakyat, Affin Bank, BSN, UOB Malaysia, Bank Islam, Agrobank, Al Rajhi Bank Malaysia, Bank Muamalat, Hong Leong Bank, MBSB Bank, Maybank, Public Bank.
What is the lowest published rate for first home loans and schemes?
4.10% for Bank Rakyat Home Financing-i My 1st Home (SBR + 1.35%). 7 of 17 packages don’t publish a rate.
Which banks offer SJKP?
Participating lenders include Affin, Agrobank, Alliance, Al Rajhi, AmBank Islamic, Bank Islam, Bank Muamalat, Bank Rakyat, BSN, Hong Leong, Maybank, MBSB and RHB. Terms differ by bank.
Can I get 100% financing for my first home?
Yes, through schemes such as SJKP or Cagamas-backed first-home packages, subject to price and income limits. Some go above 100% to cover legal fees and insurance or takaful.