Frequently Asked Questions (FAQ)
HCGS is open to all Malaysians aged 18 and above.
Yes. The HCGS is offered to non-fixed income earners for them to obtain financing facilities from financial institutions regardless of their occupation.
Yes. Joint application (by husband and wife) is allowed.
Financing tenure is up to 35 years or up to the tenure of the loan financing, whichever is earlier (two generation financing allowed).
A 2-generation loan can be made to extend the repayment period. It is determined based on the child’s age, with the condition that the child’s age should be at least 18 years on the application date. However, this would depend on the specific terms stipulated by the financial institution.
No. HCGS is also open to house purchase from private developers.
HCGS covers the purchase of low cost and medium cost houses, whether it is completed or under construction, auctioned houses and also houses sold in the secondary market.
No. The HCGS does not provide a guarantee for the purposes of refinancing.
No. The HCGS is specifically for the purchase of residential houses only.
The HCGS is for the purchase of first new residential house or existing house (sub-sale) or auctioned house and to be owner occupied, subject to a maximum financing of RM500,000.
For the time being the HCGS does not guarantee the financing facility to build a house.
SJKP will not impose any terms and conditions upon the applicant / borrower. However, applicant / borrower has to abide by the terms and conditions imposed by the financial institutions.
Application can be made at any branch of the participating financial institutions and not directly to SJKP's office.
No charge / fee is imposed by SJKP upon the borrower.