10 August, 2022

Financial Guide, Property Guides

If money has always been the biggest hurdle to getting your very own property, perhaps step-up financing is your solution. Read on to find out how step-up financing coupled with the Mah Sing H.O.M.E. campaign could finally allow you to purchase your dream home.

What is the Step-Up Financing loan plan?

In 2017, the 1Malaysia Peoples’ Housing (PR1MA) Corporation, introduced a special flexible loan scheme known as the Special PR1MA End Financing Scheme. This step-up financing loan plan was designed to allow middle-income groups earning between RM2,000 and RM15,000 to purchase homes. It was beneficial to these groups as they had access to a higher loan amount while enabling eligible applicants to pay their monthly mortgage at a lower amount than with regular loans.

Where can I apply for the Step-Up Financing loan plan?

Have we gotten your attention? Now comes the good part—you have your pick between three different banks that offer step-up financing loan plans. CIMB, Affin Bank, and Maybank each have their own packages. Below, we detail them so you can pick which suits your preference best.

Bank Package NameInformation
CIMBStep Up (Flexi Own)
  • In the first five years of your loan tenure, your monthly installments are reduced by up to 10%.
  • You begin paying full installments from the sixth year onwards.
  • With a lower monthly installment, you can afford to purchase property with higher prices.
Affin BankHome Step Fast-i
  • You make a payment of profit only for the first five years, resulting in a lower monthly commitment.
  • Your rental (monthly payment) is calculated based on daily rest saves overall profit costs.
  • Protection against a higher rate by profit rate capped at 10% per annum.
MaybankMaxiHome Ezy
  • Lower monthly commitments for the first five years.
  • Flexibility to withdraw excess funds online via Maybank2u or in a branch.
  • However, this plan is only applicable for a minimum property purchase price of RM100,000 to a maximum of RM2,000,000.


Get your dream home with Mah Sing H.O.M.E.

Alongside these banks that provide step-up financing, Mah Sing is also making it easier for you to own a home with the new Mah Sing Home Ownership Made Easy (H.O.M.E.) package. CIMB, Affin Bank, and Maybank are Mah Sing’s panel banks, making it more convenient for you to apply for their step-up financing loan packages.

These are more incentives you can enjoy with the Mah Sing H.O.M.E. campaign:

  • Free stamp duties on specific Mah Sing projects (find out more here).
  • Get additional rebates on Mah Sing projects that allows you to offset the 10% downpayment on your home.
  • Debt service ratio (DSR) for step-up financing packages are based on the installments for the first five years, making it easier for you to get loan approvals.
  • Lower monthly installment rates for the first five years of your loan tenure.

What are you waiting for? Purchasing a home is now more accessible thanks to the Mah Sing H.O.M.E. programme. Find out more about it here.


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