Buying a house is not easy nowadays as the prices seem to skyrocket higher and higher every year. With our meager salaries, it seems like we need forever to save up for the deposit!
Don’t fret though, because did you know that the government will actually help you pay the deposit for your first home? Yes, no joke! This scheme is known as First House Deposit Financing Scheme or MyDeposit, and is aimed at Malaysians who want to buy houses for the first time.
Actually, the scheme has been ongoing ever since it was announced in Budget 2016 but don’t worry, you’re not too late for this year’s application. According to NST, applications have been open since 15 December 2017 and will be closed on 15 February 2018. Remember to apply before it’s too late!
The scheme allows you to get a one-off payment of 10 per cent financing of the house price or a maximum of RM30,000 (whichever is lower) for applicants with a household income of between RM3,000 and RM15,000 for the purchase of houses costing RM500,000 and below.
Best of all, you don’t have to pay back this amount to the government if you manage to get it! Yay, free money! Single individuals can apply but priority would be given to married couples and the money would be paid directly to the housing developer.
Here’s the criteria in order to be eligible for the scheme:
1. You must be a Malaysian citizen
2. You must be aged 21 years old and above
3. You must be a first-time home buyer for the entire household
4. Your entire household income is between RM3,000 and RM15,000
Now, quickly apply before 15 February 2018! You don’t want to miss it!
Another Database Allegedly Leaked & on Sale For Almost RM44,000, Has Information on 22.5 MILLION M’sians
Just 8 months ago 2 huge database were put up for sale on a well-known marketplace forum. One of the...
Minister: All States Agree On Min. RM0.20 Pollution Charge Per Plastic Bag To Combat Single Use Plastic
We use a lot of plastic bags in our daily life, especially when we tapau lunch or go to get...
“He is a compulsive liar” – Mahathir Threatens to Sue Zahid Hamidi For Questioning His Malay Ancestry
When it comes to accusations, it is always best to make sure that you’ve done your fair bit of research...
M’sian Billionaire Loses RM21 Million to Macau Scam, Largest Fraudulent Case Targeted at a Person
Scams are as old as time and you would think that we have grown familiar enough with them to avoid...
Policeman Uses Mobile Phone While Driving on Federal Highway, PDRM Calls Him in & Issues a Summon
It’s not only illegal to be on the phone with your hands on the wheel but it also endangers other...
Prices of Necessities May Increase by up to 60% Next Month
There have been a lot of factors that have led to an increase in the prices of goods. The prices...
Malaysia Ranked 8th Most Dangerous Country to Drive in With Road Traffic Death Rate of 22.5
We all know how dangerous driving in Malaysia can be but how do we rank out of the other countries...
Pieces of Stone Statue Fall From Gopuram of Ipoh Temple, Kills A Woman & Injures 2 Others
A woman in Ipoh met her tragic & unfortunate death yesterday (15 May) during a ritual ceremony in a temple....
Social Stories8 hours ago
M’sian Student Gets Fined For Wearing Kurta at a Raya Gathering, M’sians Think it is Unreasonable
Social Stories8 hours ago
S’porean Employer Rejects a Candidate as She Needed Spoon-Feeding & Netizens Agree
Social Stories13 hours ago
MBSA Officers in Kota Kemuning Yell At Customers Over Queue Number Dispute, MBSA Apologises
Social Stories10 hours ago
“He came back empty handed” – M’sians Are Comparing PM Ismail With Indonesia’s Jokowi