Frequently Asked Questions (FAQ)
1. Is Housing Credit Guarantee Scheme (HCGS) for Bumiputeras only?
HCGS is open to all Malaysians aged 18 and above.
2. I am self-employed with an average monthly income of RM1,400 and I do not have a monthly pay slip. Am I eligible to apply for the housing loan under the HCGS?
3. I am self-employed and I do not have a fixed income. However, my wife works as a clerk in a legal firm and she earns fixed monthly income. Thus, are we eligible to apply for the HCGS?
4. How long is the loan repayment period?
5. I have reached the age of 55. Therefore the balance of my loan repayment period is just 10 years. Can the loan repayment be made together with my son / daughter in order to extend the repayment period?
6. Is the HCGS limited to housing development under the State Government / Federal Government Agencies only?
7. Is the HCGS limited to newly built houses only?
8. I have a low cost house and I intend to apply for a home refinancing facility. Therefore, am I eligible to apply for the home refinancing facility under the HCGS?
9. I am self-employed and plan to buy a shophouse for my business. Therefore, am I entitled to apply for the HCGS?
10. I am self-employed and intend to buy a condominium. Am I entitled to apply for the housing loan under this HCGS?
11. I have a piece of land and plan to build a house on that land. Am I entitled to apply for the HCGS to finance the cost of building the house?
12. Am I restricted by certain terms and conditions if I want to sell a house which was bought under the HCGS?
13. I am interested to apply for the housing loan under this scheme. Do I have to go to SJKP Berhad's office to submit the application?
14. Under this scheme, how much is the charges / fees that a borrower has to pay to SJKP?