First Home MGP

• Malaysian citizen
• First time home buyer
• Second-time home buyer for PR1MA homes only, subject to the condition: As at facility application date, the first mortgage financing account has been active for five (5) years (including the under-construction period).
• Salaried worker or self employed
• Single or joint applicant(s)

To home buyers

1. Increased financing options.
2. Lower initial costs by reducing the need for a large down payment, making home ownership more accessible to more Malaysians.
3. Designed to support eligible buyers secure financing for their first home purchase sooner.
4. Promotes home ownership among lower and middle-income groups (B40 and M40), supporting broader financial inclusion.

To Financial Institutions

1. Transfers credit risk.
2. Capital relief is based on BNM Risk Weighted Capital Adequacy Framework.
3. Facilitates the management of portfolio concentration risk.
4. Improves the Capital Adequacy Ratio.
5. Maintains asset expansion and facilitates the growth of additional loans by freeing up capital.