Many Malaysians, especially those in the B40 and M40 income groups, face significant challenges in achieving homeownership due to increasing living costs and rising property prices. Fortunately, the Rumah Perakku Scheme was introduced for first-time home buyers to alleviate these financial pressures.

The Rumah Perakku is an initiative by Perak Housing and Property Authority (LPHP) to help first time homebuyers onto the housing ladder. This initiative allows homebuyers to obtain up to 110% financing, meaning you won’t even have to pay a down payment for your home.

To apply for this initiative there are a number of qualifying criteria you need to meet:

1) You must be a Malaysian

2) Open to all individuals aged 18 years old and above.

3) Priority is given to Perakians. (those with MYCard ID of ’08’)

4) One application per couple (if married)

5) Applicant or spouse do not own any residential property.

6) Household income does not exceed more than RM 8,000 per month.

You’re indeed fortunate, as our newly launched Santorini@Botani Ipoh, is under the Rumah Perakku scheme, whereby it is priced from RM 170,520.00. Grab this golden opportunity now before it’s too late!

What are the financing terms?

1. Maximum loan tenure of 35 years, subject to applicant’s age not exceeding 70 years at the end of the tenure.
2. Instalments payable via monthly salary deduction or standing instruction
3. No redrawable features, i.e. no flexibility to withdraw funds previously paid on the loan
4. Compulsory fire insurance/takaful
5. For purchase of property priced up to RM300,000 and for applicants with gross monthly household income of not more than RM5,000

Which are the participating banks under the Rumah Perakku Scheme of Miclebina Properties? 

1.RHB Bank

2.Maybank Finance

3. Public Bank Berhad

With financing up to 110%, stamp duty exemptions and interest rates of banks being at their lowest point, there couldn’t be a better time to own a new home especially for first time home buyers. If you have any questions on how you can apply for the Rumah Perakku Scheme or questions on home loans, have a chat with our friendly sales advisors by calling or send a WhatsApp to 019 208 1293/ 019 520 1293 /019 338 1293, we’re always here for you and are more than happy to help you get into your dream home.