In efforts to provide financing for families or individuals who don’t have pay slips or income statements due to the type of jobs they hold, Bank Muamalat Malaysia Berhad is offering financing up to RM400,000 through its SMART Mortgage SJKP scheme to help these self-employed and non-fixed income earners to own their first homes. The scheme is guaranteed by Syarikat Jaminan Kredit Perumahan Berhad (SJKP) to help those without a monthly income statement to own a house.
For those who are eligible, the amount of financing provided through this scheme includes related expenses such as Mortgage Reducing Term Takaful (MRTT), Long Term House Owner Takaful (LTHT), and legal and valuation fees.
This is a zero-entry cost package for new homeowners with a 100 percent margin of financing with all moving costs and related expenses to be financed by the Bank.
This scheme has been proven successful in assisting home buyers to own their first dream house under the Bank’s collaboration with SJKP, which commenced in October 2019.
President and Chief Executive Officer, Khairul Kamarudin said, “Following the increase in the cost of living and higher market price, costs and fees to own a house and further with an extra allocation for deposit to own a house, potential house buyers have put their plans on hold. However, with the SMART Mortgage SJKP scheme, potential house buyers can proceed with their plans to own their first homes.”
