Home Financing-i
Skim Jaminan
Kredit Perumahan (SJKP)
About
alrajhi bank Malaysia Home Financing-𝘪 Skim Jaminan Kredit Perumahan (SJKP) is designed to support first-time Malaysian homebuyers by offering financing up to 110% of the property value or RM500,000, whichever is lower. This includes not only the home financing amount but also coverage for Mortgage Reducing Term Takaful (MRTT)/Credit Level Term Takaful (CLTT), as well as other related expenses associated with the purchase of a property.
By covering these additional expenses, SJKP helps reduce the upfront cash required when buying a home, making home ownership more accessible for first-time buyers. alrajhi bank Malaysia Home Financing-𝘪 Skim Jaminan Kredit Perumahan (SJKP) operates under the Commodity Murabahah contract via a Tawarruq arrangement.
Benefits
Enjoy financing of up to 100% of the property value, plus an additional 10%* to cover essential costs.
*Includes MRTT, fire Takaful, legal fees and valuation fees
Choose a payment period that suits you—up to 35 years or until you reach 70 years of age, whichever comes first.
Stay protected with full Takaful coverage for peace of mind.
Start your homeownership journey with no downpayment required.
Apply together with your immediate family members for greater flexibility.
Eligibility and requirements
Find out who can apply and what you’ll need to get started.
- Must be a Malaysian citizen 18 years and above.
- First-time homebuyers only.
- Open to both fixed and non-fixed income earners.
- Joint applications between husband and wife, and parents are permitted.
- Ready-to-move-in: Completed residential properties with a Certificate of Completion and Compliance (CCC).
- Under construction: New residential developments that are currently being built.
- Subsale: Existing residential properties purchased from previous owners.
- Auction: Residential properties secured through public auction.
- Copy of NRIC
- Latest 3 months salary slip and bank statement showing salary credited
- Latest EPF statement
- Sales & purchase agreement/booking receipt
- Property title
- Copy of NRIC
- Latest 6 months bank statement
- Business registration document
- Copy of Income tax & proof of tax payment
- Sales & purchase agreement/booking receipt
- Property title
Fees & charges
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