Scheme launched for young adults to get 100% financing for new home

Young working adults can now buy themselves a new home without having to pay anything in down payment.
The My First Home Scheme is launched by Prime Minister Datuk Seri Najib Tun Razak and will enable them to buy houses costing between RM100,000 and RM220,000 with a repayment period of up to 30 years. The scheme sees the participation of 25 conventional and Islamic financial institutions including major banks like AmBank, CIMB, Hong Leong, Maybank, Public Bank, RHB and Standard Chartered.

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