Skim Rumah Pertamaku & SJKP: Eligibility and How to Apply

Many people search for “Skim Rumah Pertamaku” because they have heard of home loans with no down payment. The catch is that the scheme has ended. What is still open in September 2026 are the guarantee schemes of Syarikat Jaminan Kredit Perumahan Berhad (SJKP), and the Cagamas programme that replaced Skim Rumah Pertamaku.

This guide explains the status of each scheme, what SJKP guarantees, who qualifies, the documents you need, how to apply, and how it differs from LPPSA.

General information only, not financial advice. Financing approval is decided by the bank; scheme conditions can change, so check the official websites before applying.

The status of Skim Rumah Pertamaku in 2026

Skim Rumah Pertamaku (SRP), or My First Home Scheme, was introduced in Budget 2011 and managed by Cagamas. It let first-time buyers borrow more than the house price with no down payment. According to Sinar Daily, citing Cagamas, the scheme ended on 1 April 2023, with final applications due before 31 March 2023.

Its role has been taken over by the First Home Mortgage Guarantee Programme (First Home MGP) by Cagamas SRP Berhad. According to the Cagamas SRP FAQ:

• it is for Malaysian citizens buying their first residential property, priced up to RM1,000,000;
• gross monthly income up to RM15,000, single or combined for joint applicants (immediate family members);
• financing up to 110%: up to 100% for homes up to RM1,000,000, and above 100% up to 110% for financing up to RM500,000;
• tenure up to 35 years or age 70, whichever is earlier;
• applications are made at participating bank branches, and Cagamas SRP charges home buyers nothing directly.

So if you are looking for “Skim Rumah Pertamaku” today, the real options are First Home MGP or the SJKP schemes below.

What SJKP is and what it guarantees

SJKP is a company under the Ministry of Finance. It does not lend money. It guarantees the housing loans or financing that participating banks give to first-time buyers. With this guarantee, the bank carries less risk, so it is more willing to approve applicants whose income is hard to prove: gig workers, small traders, fishermen, taxi drivers and the self-employed. Salaried applicants can apply too.

In Budget 2026, the government continued SJKP with financing guarantees of up to RM20 billion, aiming to help more than 80,000 first-time buyers through guarantees of up to 120%. According to the Ministry of Finance, by December 2025 SJKP had approved guarantees for more than 104,000 applications worth RM25 billion.

The SJKP scheme and SJKP MADANI

Both SJKP schemes allow two-generation loans. The SJKP scheme’s guarantee exceeds 100% of the financing amount, while SJKP MADANI’s guarantee is up to 120% of the house price.

Who qualifies for SJKP

Eligibility conditions published by SJKP and MOF’s Manfaat portal:

• Malaysian citizen aged 18 or above.
• First-time purchase of a residential home. New, existing or auction homes, for your own occupation.
• Fixed or irregular income, including the self-employed.
• Total repayments on all loans no more than 65% of gross monthly income.
• No CCRIS arrears of more than 2 months in the latest 12 months.
• No negative credit record in the past 24 months.
• For SJKP MADANI, a home in the low, medium or affordable-cost category.

The participating bank still assesses the application under its own credit policy. Before applying, check your CCRIS and CTOS so there are no surprises.

Documents you need

According to SJKP’s list, prepare:

• Property documents: the original sale and purchase agreement or purchase documents, and the down payment receipt if any.
• Proof of income: bank statements or savings records for the past 6 months, income tax returns or the latest EPF statement, and an employment verification letter.
• Supporting documents: a copy of your MyKad; an employer confirmation letter if relevant; a business licence, fisherman registration card or taxi permit if relevant; or a self-declaration of income certified by the village committee (JKKK), village head or a Category A government officer.

For self-employed applicants, well-organised bank statements are the strongest proof. Separate business and personal accounts if you can, and avoid unrecorded cash transactions.

How to apply, step by step

1. Check eligibility Use the eligibility checker on SJKP's website and work out your DSR.
2. Choose a home Your first residential home, new, existing or auction. For SJKP MADANI, a low, medium or affordable-cost home.
3. Prepare documents Gather property documents, proof of income and supporting documents.
4. Apply at a participating bank Applications are made at a participating financial institution's branch, not directly to SJKP. The list of participating banks is on SJKP's website.
5. The bank assesses The bank assesses the application and obtains the SJKP guarantee.
6. Sign the documents Once approved, the loan agreement is signed through a lawyer.

For enquiries, SJKP can be reached on 03-2096 5000 or at enquiry@sjkp.com.my.

How SJKP differs from LPPSA

• Who provides the money. LPPSA provides housing financing directly to civil servants. SJKP provides no money; it guarantees a bank loan.
• Who qualifies. LPPSA is for civil servants. SJKP is for any citizen buying a first home, with fixed or irregular income.
• Where to apply. LPPSA through its own system. SJKP through participating bank branches.
• Limits. LPPSA follows its eligibility table and financing limits. SJKP follows the scheme limits (RM500,000 or RM360,000) and the bank’s assessment.

If you are a civil servant, read how to apply for LPPSA for a developer home, LPPSA Financing Limit 2026 and the LPPSA page.

Other things to check

• Stamp duty exemption. Eligible first-time buyers are exempt from stamp duty for a home valued at up to RM500,000 if the SPA is signed by 31 December 2027. See how to calculate stamp duty on a home.
• “First home” is defined differently by each scheme. For example, the Cagamas SRP FAQ states that an inherited property does not stop a First Home MGP application, but the stamp duty exemption orders do count a home obtained by inheritance. Check each scheme separately.
• Costs beyond the loan. Even with up to 100% financing, you still need money for other costs. See the costs of buying a new home.

Common mistakes

• Looking for a scheme that has ended. Skim Rumah Pertamaku has not accepted applications since 1 April 2023. Old social media posts may still mention it.
• Applying directly to SJKP. Applications are made at participating bank branches. SJKP guarantees; the bank approves.
• Assuming a guarantee means automatic approval. The bank still assesses your income, commitments and credit record.
• Bank statements that do not reflect your income. For the self-employed, income that never enters a bank account is hard to prove.
• Forgetting the 65% limit. Car loans, personal loans and credit cards are counted together with the home instalment.
• Leaving small arrears unpaid. CCRIS arrears of more than two months in the latest 12 months affect SJKP eligibility.

Next steps

Estimate your eligibility with the eligibility calculator (estimate only), read how to check eligibility before buying your first home, and see the Bank Loans page for the bank loan route with an SJKP guarantee. If you are interested in a RumahHQ Development Sdn Bhd project, register your interest for free with no obligation, and ask for help checking your eligibility.