BSN MyHome (Youth Housing Scheme)

BSN MyHome (Youth Housing Scheme) is designed to help single or married youths own their very first home with ease.

This Scheme will end on 31 December 2017.


» This facility is offered for financing the purchase of either completed, under construction or sub-sale properties.
» 100% of stamp duty exemption on the transfer of ownership and facility documents for property price
up to RM300,000.
» The Government is also to aid monthly instalments of RM200 per month that will be credited to
customer’s financing account for a period of 2 years, from the date of first disbursement to the
developer / vendor.

Property Price

» Minimum: RM 100,000
» Maximum: RM 500,000

Margin of Financing

» Property: Up to 100% of the purchase price / market price (whichever is lower).
» MRTA: Up to maximum 5% of the purchase price/ market price (whichever is lower).

Loan Period

» Minimum : 5 years.
» Maximum : 35 years (subject to age limit of not more than 65 years old at the end of the loan period).

Interest Rate

» Pricing range between BR+0.60% up to BR+3.00% subject to customer’s profile and property location.
» For loan amount of RM350,000 and above with 30 years of loan tenure and no lock-in period, the indicative
interest rate is BR + 0.80%*. (applicable for NZEC package only).
» Current BSN Base Rate (BR) is 3.95% (with effect from 21st July 2016).
*Subject to terms and conditions


» Malaysian citizen aged 21 to 45 years old (subject to age limit of not more than 65 years old at end of tenure).
» Single or married with household income no more than RM10,000 per month.
» First time purchaser.
» Individual / Joint Loan.
» BSN GIRO / GIRO-i account holder.
» Proof of purchase.

Document Required

» BSN application form
» Copy of NRIC
» A valid marriage certificate
» Salaried Applicant / Co-applicant (spouse only)
– Latest 3 months’ Salary Slip
Note: For single application, spouse of applicant must submit a copy of latest Salary Slip
– Latest 3 months’ bank statement
– Latest 6 months’ Salary Slip and bank statement (other income)
– EPF statement
– Employer Confirmation Letter
» Self Employed Applicant / Co-applicant (spouse only)
– Company’s registration (SSM)
– B/BE Form + LHDN Receipt
– Company’s Financial Statement
– 6 months’ company bank statement
– Other documents i.e site visit report etc.

» Proof of purchase consisting of a copy of Property Sale and Purchase Agreement(S &P), which has been stamped.
If the S&P has not been completed, the deposit receipt /pro forma purchase orders is acceptable for the purpose
of approving the application
» A copy of valuation report (for the purchase of completed property from individuals / non-developers) of BSN panel valuer
» Master / Individual title (if any)
» Statutory Declaration (SD) for the purchase of the first house and self-occupied
(Note: Statutory declaration must be signed by the applicant and co-applicant/ spouse)

Late Payment Charges

Monthly Installments in Arrears × 1% × Number Of Days Overdue

Stamp Duty
» Principal Documents – Will be charged on ad valorem basis.
» Other Documents – RM 10.00

View BSN MyHome (Youth Housing Scheme) Product Disclosure Sheet. 
Apply for BSN MyHome (Youth Housing Scheme).

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