RISDA HOUSING FINANCING
Types of Home Financing allowed :
1. TERMS
2. HOUSING FINANCING QUALIFICATION RATE
| BASIC SALARY + FIXED ALLOWANCE (RM) | LOAN ELIGIBILITY (RM) |
|---|---|
| 6,500 and above | 750,000 |
| 6,000 | 720,000 |
| 5,700 | 680,000 |
| 5,500 | 650,000 |
| 5,000 | 600,000 |
| 4,700 | 560,000 |
| 4,500 | 540,000 |
| 4,300 | 510,000 |
| 4,000 | 470,000 |
| 3,800 | 450,000 |
| 3,500 | 420,000 |
| 2,900 | 340,000 |
| 2,300 | 270,000 |
| LESS THAN 1,700 | 200,000 |
3. HOUSING FINANCING FOR HOME RENOVATION WORKS
Eligibility Conditions for Obtaining Financing for Home Renovation Works Purchased Through RISDA Housing Loans
FINANCING ELIGIBILITY REQUIREMENTS
- The applicant is the full owner of the property or joint owner (husband and wife).
- If the property has been pledged to any financial institution, RISDA must be registered as the first lien holder; and
- Renovation works are only allowed on houses that have been fully completed.
- Borrowers who take out a second loan are not eligible to take out a modification loan.
4. HOUSING FINANCING FOR SECOND PROPERTY
TERMS :
