Housing Credit Guarantee Scheme (HCGS)

  • Purpose of Financing
    Mortgage Financing

  • Financing Limit
    Up to RM400,000.00 (including principal financing amount, MRTT*/MRTA*, LTHO*, solicitor’s fee and valuation fee)

  • Facility Type
    Term Loan/ Term Financing

  • Financing Tenure
    Up to 35 years or up to the tenure of the loan financing, whichever is earlier (two generation financing allowed)

  • Guarantee Coverage
    100% guarantee of the principal financing amount (including MRTA*/MRTT*, LTHO*, solicitor’s fee and valuation fee) obtained from participating Financial Institutions

  • Interest/ Profit Rate
    As determined by the participating FI

  • Deposit
    Mandatory deposit equivalent to 3 months monthly instalment

    *MRTA: Mortgage Reducing Term Assurance
    *MRTT: Mortgage Reducing Term Takaful
    *LTHO: Long Term House owner’s Takaful