MyDeposit (Program MyDeposit) is currently suspended. The scheme stopped accepting new applications after October 2021. The Ministry of Housing (KPKT) has stated it is exploring a reintroduction, but no timeline has been announced. If you are looking for assistance right now, see the
Active Schemes in 2026 section.
MyDeposit Grant
Up to RM30,000
Max Property Price
RM500,000
Income Limit
RM10,000/month
What Was MyDeposit?
MyDeposit (Program MyDeposit or Skim Deposit Rumah Pertama) was a one-off government contribution scheme that helped eligible first-time home buyers (pembeli rumah pertama) cover their 10% down payment (wang pendahuluan). It was administered by Jabatan Perumahan Negara (JPN) under the Ministry of Urban Wellbeing, Housing and Local Government (KPKT).
The scheme provided a non-repayable grant of 10% of the property purchase price, capped at RM30,000. This meant that if you were buying a RM300,000 house, the government would contribute RM30,000 toward your down payment — you still needed to arrange the remaining purchase costs (legal fees, stamp duty, etc.) yourself.
Between its launch and October 2021, MyDeposit approved RM86.4 million in assistance covering 3,105 families across 127 private housing projects nationwide.
Why was it stopped? The government suspended MyDeposit to redesign it with a more sustainable and targeted financing model. KPKT has indicated the scheme may be reintroduced in revised form, but no date has been set as of 2026. Watch the official KPKT website for updates.
MyDeposit Eligibility & How It Worked
For reference — this describes the scheme's original criteria before it was suspended.
Who was eligible?
- Malaysian citizen aged 21 years and above
- First-time home buyer (per household — not per person)
- Gross household income of RM10,000 per month or less
- Must be eligible for a bank loan / home financing from a Malaysian financial institution
- Buying a residential property priced between RM80,000 and RM500,000
- Property must be a private housing project that did NOT receive government subsidies (not PR1MA, PPR, or government-subsidized projects)
What it covered
The grant covered 10% of the property purchase price, or RM30,000 maximum, whichever was lower. The money went toward your down payment only. It did not cover:
- Legal fees (peguam / SPA fees)
- Stamp duty (duti setem)
- Booking fee paid before approval
- Renovation or furnishing
Key restrictions
10-year resale moratorium (moratorium penjualan). Properties bought using MyDeposit assistance could not be sold or rented out for 10 years from the date of the Sales & Purchase Agreement (S&P). The property must be owner-occupied (didiami sendiri). This was stricter than most other housing schemes (which impose a 5-year restriction).
How to apply (when active)
Applications were submitted online at sprn.kpkt.gov.my. Once approved, applicants had 30 days to sign the S&P Agreement. Documents required included employment confirmation letters, EPF or income tax statements, and (if applicable) marriage/divorce certificates.
Active First Home Schemes in 2026
While MyDeposit is suspended, several other government programmes are active. The right one depends on your income, which state you are buying in, and whether you want a subsidised unit or just financing assistance.
100% home financing (no down payment required) for first-time buyers with a monthly income of RM5,000 or below. Government provides a 10% guarantee on your loan so banks can offer full financing without requiring upfront capital.
Income limit: RM5,000/month (gross)
Property price: Up to RM500,000
Who offers it: Participating banks (Maybank, CIMB, RHB, Public Bank, etc.)
How to apply: Via any participating bank or BNM's Laman Informasi Nasihat & Khidmat (LINK)
Key benefit: Zero down payment required
Government-subsidised housing units at below-market prices in selected locations. PR1MA develops and sells affordable homes directly to eligible Malaysians. Not a grant — you buy the unit at a subsidised price, subject to a 5-year resale restriction.
Income limit: RM2,500–RM15,000/month (combined household)
Property price: Typically RM100,000–RM400,000 (subsidised)
Resale restriction: 5 years from vacant possession
Key benefit: Below-market price in specific projects
Affordable housing for Wilayah Persekutuan (Kuala Lumpur, Putrajaya, Labuan) residents and those working in WP. Subsidised units sold via ballot by Perbadanan Hartanah Bumiputera (PHB). Formerly RUMAWIP, now Residensi Wilayah.
Income limit: RM10,000/month (household)
Property price: RM63,000–RM300,000 (subsidised)
Resale restriction: 10 years
Key benefit: Very low prices in KL/WP
Selangor state government's affordable housing programme. Four property types (A, B, C, D) at subsidised prices, tiered by income. Managed by Lembaga Perumahan & Hartanah Selangor (LPHS). Available to Selangor residents or workers.
Income limit: RM3,000 (Type A) to RM15,000 (Type D)
Property price: RM42,000 (Type A) to RM250,000 (Type D)
Resale restriction: 5 years
Key benefit: Lowest subsidised prices in Selangor
Periodic campaigns that offer stamp duty exemptions and developer discounts (5–10%) for first-time buyers. HOC campaigns are announced in the annual Budget and are time-limited. When active, they apply to properties priced RM300,000–RM2.5 million. Check the latest Budget announcements for current status.
Benefit: Full stamp duty exemption on SPA + loan agreement for first home
Property price: RM300k–RM2.5m when active
How to apply: Via property developer during campaign period
Stamp Duty Exemption for First-Time Buyers (always-on): Independent of any campaign, first-time buyers purchasing homes priced up to RM500,000 are eligible for full stamp duty exemption on the SPA (Sales & Purchase Agreement) under the existing Finance Ministry ruling. This is automatic — your conveyancing lawyer will apply it. Ask your lawyer about your eligibility when signing the SPA.
Side-by-Side Scheme Comparison
Not sure which scheme fits? Use this comparison to narrow your options.
| Scheme |
Type of Help |
Income Limit |
Property Price |
Resale Restriction |
Status |
| MyDeposit |
10% deposit grant (max RM30k) |
RM10,000/month |
RM80k–RM500k |
10 years |
Suspended |
| My First Home (SRP) |
100% loan (no down payment) |
RM5,000/month |
Up to RM500k |
None |
Active |
| PR1MA |
Subsidised unit price |
RM2,500–RM15,000 |
RM100k–RM400k |
5 years |
Active |
| Residensi Wilayah |
Subsidised unit price |
RM10,000/month |
RM63k–RM300k |
10 years |
WP Only |
| Rumah Selangorku |
Subsidised unit price |
RM3k–RM15k |
RM42k–RM250k |
5 years |
Selangor Only |
| Stamp Duty Exemption |
No stamp duty on SPA |
Any |
Up to RM500k |
None |
Always On |
Quick decision guide: Earning under RM5,000/month and cannot afford any down payment? → My First Home Scheme (SRP). Buying in Selangor? → Check Rumah Selangorku. Buying in KL/WP? → Check Residensi Wilayah ballot. Open market property and don't qualify for subsidised schemes? → SRP for 100% financing, or apply for standard home loan and claim stamp duty exemption.
How to Apply (Active Schemes)
My First Home Scheme (SRP) — step by step
-
Check your eligibility
Gross income of RM5,000/month or below. First-time buyer. Buying a property priced at RM500,000 or below.
-
Approach a participating bank
Banks that offer SRP include Maybank, CIMB, RHB, Public Bank, Hong Leong, AmBank, Bank Islam, and others. Tell the banker you want to apply under Skim Rumah Pertamaku.
-
Complete the bank's home loan application
Bring: MyKad, last 3 months’ payslips, EPF statement (latest year), last 6 months’ bank statements, income tax return (EA form or BE form), and the property booking receipt.
-
Bank submits guarantee request to Cagamas/Danajamin
The bank arranges the 10% government guarantee on your behalf. You do not apply to a separate agency.
-
Receive Letter of Offer
If approved, the bank issues a Letter of Offer. Your conveyancing lawyer then handles the SPA and loan agreement.
PR1MA — step by step
-
Register at pr1ma.my
Create an account with your MyKad number and income details.
-
Check available projects
PR1MA launches specific projects in specific locations. You apply for a project, not a general slot. Browse current projects at pr1ma.my.
-
Submit application for the project
Select the unit type you want and submit your application. Oversubscribed projects use a ballot system.
-
Ballot result & Letter of Acceptance
If selected, you receive a Letter of Acceptance and must arrange financing through a participating bank within the stated timeframe.
Required documents (general)
- MyKad (front and back)
- Last 3 months’ salary slips (slip gaji)
- Last 6 months’ bank statements
- Latest EPF statement (penyata KWSP)
- EA form or BE form (income tax return)
- Employment confirmation letter (surat pengesahan jawatan) — stating salary, position, and duration of service
- Spouse’s equivalent documents if applying jointly
- Property booking receipt or reservation letter
Pro Tips for First-Time Buyers
Check your CCRIS and CTOS report before applying
Banks will run a credit check (semakan kredit) on every applicant. Late payments, high existing debt, or any record of default will hurt your application. Get your free CCRIS report from Bank Negara's eCCRIS portal and your free CTOS Self Check report before you approach any bank. Fix any errors or settle outstanding debt first.
Understand your DSR (Debt Service Ratio)
Banks in Malaysia typically cap your total monthly debt commitments at 60–70% of gross income. If you have car loans, personal loans, or PTPTN repayments, they all count. Before you fall in love with a unit, calculate your DSR: add up all your current monthly commitments, add the estimated monthly instalment for the new loan, and divide by gross monthly income. If it exceeds 70%, you need to either increase income or reduce existing debt first.
Apply for PTPTN deferment or restructuring before buying
If you are still repaying PTPTN, your monthly PTPTN payment counts toward your DSR. If it is making your DSR unworkable, apply to reduce your monthly repayment amount via PTPTN's income-based repayment option, or restructure it to a longer tenure before submitting your home loan application.
Factor in ALL the costs, not just the down payment
First-time buyers often underestimate total upfront costs. Besides the down payment, budget for:
- Legal fees (SPA): Typically 0.5–1% of property price
- Loan agreement legal fees: Similar range
- Valuation fee: RM300–RM500 for the bank’s property valuation
- Booking fee: Usually RM1,000–RM5,000, paid upfront when you book the unit
- MRTA/MLTA insurance: Mortgage insurance (optional but often recommended)
On a RM400,000 property, total upfront costs excluding the down payment can reach RM15,000–RM25,000. Plan for this.
Get the stamp duty exemption automatically
As a first-time buyer purchasing below RM500,000, you qualify for full stamp duty exemption on the SPA and loan agreement. This is not something you apply for separately — it is applied by your conveyancing lawyer when they stamp the documents. Confirm with your lawyer upfront that they are aware you are a first-time buyer so they apply the exemption correctly.
Frequently Asked Questions
Is MyDeposit coming back? When will it reopen?
As of March 2026, there is no confirmed reopening date. KPKT has stated publicly that it is studying a revised, more sustainable version of the scheme. Watch official announcements from KPKT at kpkt.gov.my. In the meantime, explore the My First Home Scheme (SRP) or PR1MA as alternatives.
Can I combine multiple schemes? For example, SRP + stamp duty exemption?
Yes. The stamp duty exemption for first-time buyers is a separate tax relief, not a scheme, and can be combined with SRP financing. You can also combine SRP with any applicable developer discount or HOC campaign discounts if active. However, you generally cannot stack two subsidy schemes (e.g., you cannot apply for both PR1MA and Residensi Wilayah simultaneously for the same purchase).
My spouse already owns property. Can I still apply as a first-time buyer?
For most schemes including MyDeposit, eligibility is assessed per household. If your spouse already owns a property, you are typically considered a non-first-time buyer as a household. However, the specific rules vary: some schemes look at individual ownership, others at household ownership. Check the specific scheme’s eligibility criteria carefully, or consult the administering agency directly before applying.
I earn RM5,001/month — just over the SRP limit. What are my options?
If you earn just above RM5,000/month, you do not qualify for SRP. Your options are: (1) a standard home loan with the stamp duty exemption as a first-time buyer; (2) PR1MA if you meet their broader income band (RM2,500–RM15,000); (3) Residensi Wilayah or Rumah Selangorku if you are buying in those states; or (4) a standard down payment arrangement (typically 10% of property price). Many people in this income range can qualify for standard bank financing — speak to a mortgage broker or bank directly.
Does EPF withdrawal (Account 2 / Akaun Fleksibel) count toward my down payment?
Yes. EPF (KWSP) Account 2 withdrawals for housing purchase are a common way to fund the down payment. You can withdraw the balance in Akaun 2 (and Akaun Fleksibel, if you have one) for this purpose. The withdrawal must be for a residential property under your own name. You can use EPF withdrawal funds to cover the down payment, SPA legal fees, loan agreement fees, and renovation. The withdrawal process is done through EPF’s i-Akaun portal or at an EPF branch.
What is the minimum down payment for a home in Malaysia?
For a first residential property priced below RM500,000, the minimum down payment (bayaran pendahuluan) is 10%. For properties priced RM500,001 and above, it is also 10%. For a second property, the minimum is 30%. The My First Home Scheme (SRP) is the exception: for eligible buyers earning under RM5,000/month, 100% financing is available with no down payment required.
Disclaimer: This guide is for informational purposes only and reflects publicly available information as of March 2026. Scheme availability, eligibility criteria, income limits, and property price caps change frequently with annual Budget announcements and government policy updates. Always verify current terms directly with the administering agencies: KPKT (kpkt.gov.my), JPN, Bank Negara Malaysia, PR1MA (pr1ma.my), LPHS (rsmy.lphs.gov.my), or Residensi Wilayah (residensiwilayah.com.my). This is not financial or legal advice.
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