Special Financing Scheme For PR1MA Homeowners

Pocket News
August 9, 2017
69 Views

PETALING JAYA, Apr 26 – PR1MA homeowners are urged to apply for the special end-financing scheme, Skim Pembiayaan Fleksibel (SPEF), that has been made available since February this year.  Perbadanan PR1MA Malaysia in a statement said those interested can apply for this scheme through their partner banks –  Maybank, CIMB, RHB and AmBank.
 
The scheme, is a joint effort of Bank Negara Malaysia, EPF and partner financial institutions. Exclusively for PR1MA homebuyers, the scheme was designed to increase the chances of applicants getting a home loan. This benefits first-time homebuyers by providing access to a higher loan amount than they would otherwise be eligible for with conventional loans.
 
SPEF comes in two options – the step-up only or the step-up with EPF Account 2 withdrawal. For both options, borrowers will only be paying interest for the first five years. The principal will kick in from Year 6 onwards until the loan is settled. “If homebuyers would like to get a larger loan amount, they may choose the second option where the EPF Account 2 is utilised.
 
The scheme is subject to terms and conditions and eligibility will depend on the borrower’s risk profile and credit assessment by the banks,” read the statement. As of April 2017, PR1MA Members of Corporation have approved the development of 265,033 units of PR1MA homes nationwide of which 136,569 units are in various stages of construction. A total of 1.41 million Malaysians have registered for PR1MA homes nationwide, of which 166,972 of them had applied for PR1MA homes. 

Perbadanan PR1MA Malaysia (PR1MA) was established under the PR1MA Act 2012 to roll out a thorough and extensive programme in building quality homes for the middle-income group who live in the urban and sub-urban areas, with a household income of between RM2,500 – RM15,000 a month. PR1MA is the only authorised party entrusted to develop, manage and maintain the PR1MA housing communities for the homeowners to ensure a comfortable quality lifestyle and harmonious community.

0
like
0
love
0
haha
0
wow
0
sad
0
angry

You may be interested

Penang DAP Unveils Full Candidates List For GE14
8 shares62 views
8 shares62 views

Penang DAP Unveils Full Candidates List For GE14

Rachel Yeap - April 21, 2018

GEORGE TOWN, Apr 21 - DAP Secretary-General Lim Guan Eng and Penang DAP Chairman Chow Kon Yeow today officially unveiled full candidates…

GE14: PKR Members Protest Over Mahathir’s Use Of Party Logo
1 shares34 views
1 shares34 views

GE14: PKR Members Protest Over Mahathir’s Use Of Party Logo

Pocket News - April 21, 2018

PETALING JAYA, Apr 21 - About 50 PKR members today staged a protest in front of the PKR headquarters here against…

EC: 3,737 Nomination Forms For GE14 Sold As At April 20
1 shares28 views
1 shares28 views

EC: 3,737 Nomination Forms For GE14 Sold As At April 20

Pocket News - April 21, 2018

PUTRAJAYA, Apr 21 - The Election Commission (EC) has sold 3,737 nomination forms for the 14th General Election (GE14) as at…

error: Content Is Protected !