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Frequently Asked Questions (FAQ)

  • Ms Siti
  • Frequently Asked Questions (FAQ)

What is minimum and maximum age to apply for a housing loan?

The minimum age to apply for a housing loan is 18 years old and no maximum age.
It all depends on the bank and on you as the borrower.
By depending on the bank, you are eligible for a housing loan if you can pay it off before the age 70.

What are the eligibility criteria to apply a housing loan?

  1. Malaysian citizen or a foreigner with a valid working permit and visa.
  2. 18 years of age or older
  3. Joint applicant must be a direct relative such as spouse, parents, siblings, or child.

However, some banks requirements may differ from the above. For the minimum annual income, it depends on the bank and which financing scheme are applying for.

Make sure to check with respective bank on their requirements.

How is my housing loan eligibility calculated?

Your eligibility is determined on 4 important factors, which are:
  1. Income
  2. Repayment behaviour
  3. Individual risk profile
  4. Personal DSR

What is DSR?

DSR is Debt Service Ratio

DSR shows how much of your personal income will be used towards paying debt instalments. This is displayed as a debt over income percentage.


If you want to calculate your DSR, please use DSR calculator.

What are the fees associated with buying property?

  1. Legal fees.
  2. Stamp duty.
  3. Loan agreement fees.
  4. Valuation fees.

*Fees are subject to 6% SST.

How much is the legal fees?

Professional Legal Fees:
For The First RM500,000.001.0% (Subject to a minimum fee of RM500.00)
For The Next RM500,000.000.80%
For The Next RM2,000,000.000.70%
For The Next RM2,000,000.000.60%
For The Next RM2,500,000.000.50%

Loan Stamp Duty:

Total loan amount (up to RM2,500,000.00) x 0.50% *

*Home Ownership Campaign (Waived from 1 Jan 2019 – 30 Jun 2019)

Disbursement Fees to be ranging of RM1000-RM1500.00 (based on estimation)

What is stamp duty?

All transfer of property is subject to Stamp Duty.

Rate of Stamp Duty is based on the value of property.

Effective date: 1 Jan 2019- 30 June 2019*

*Home Ownership Campaign

First RM100,000

Effective date: 1 July 2019 onward

First RM100,0001%


Please consult your lawyers for the latest calculation.

Stamp duty is paid by the seller or the buyer?

The stamp duty is paid by the buyer.

What is RPGT?

RPGT is a tax imposed on gains derived from disposal of properties in Malaysia.

It includes both residential and commercial properties, estates, and empty plot of lands.

If you don’t make a profit when selling your property, you do not have to pay RPGT.


RPGT Payable: Net Chargeable Gain x RPGT Rate

Chargeable Gain: Final Sales Proceeds – Final Purchase Costs

Net Chargeable Gain: Chargeable Gain – (Higher of RM 10,000 or 10% of Chargeable Gain)


Effective date: 1st Jan 2019, RPGT rates as below

Below 3 years30%
4 years20%
5 years15%
6 years & beyond5%



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