Housing Loans



Eligibility Criteria of Housing Loans
- The loan is for the purchase of a completed Residential Unit or for construction or renovation of a Residential Unit
- The loan is repayable in Ringgit Malaysia
- Fully disbursed
- 12 monthly installments must have been paid
- Remaining maturity must not be less than 5 years or more than thirty 30 years
- Repayment of principal or interest must not be suspended, rescheduled or restructured 6 months prior to purchase date
- Payment record must not be more than 1 month past due in the 12 months period prior to purchase date
- Monthly installment must be greater than 110% of the interest portion of the monthly installment
- The housing loan interest rate must be > the aggregate of servicer fee 0.75% per annum and the Cagamas Base Pricing
- The servicer fee shall be at least RM300 per annum
- Loan-to-value ratio should not be more than 80%, i.e. outstanding principal amount plus redraw amount (if any) divided by property value
- If leasehold land, remaining leasehold tenure must at least be 20 years upon expiry of loan tenure
Other requirements for a housing loan to be eligible for sale to Cagamas are provided in the Cagamas Purchase Without Recourse Guide.