The Rent-To-Own Scheme offers its applicant a chance to ‘try out’ their new home. The lease period can be used to determine whether or not the home itself is in need of repair, if it is connected, and to observe what the neighbourhood has to offer.If the applicants are not satisfied with their home, they can always opt not to exercise their right to purchase the property and look for alternatives.
While the Rent-to-Own (RTO) scheme offers an easier way to own a property, the applicant does not own the property through the lease period, and the wait becomes longer if the applicant decides to purchase the property at the end of the lease. The loan repayment period applies to an applicant who has a 5 year lease and buys the property.
Maybank is one of the few banks in Malaysia to offer a Rent-To-Own Scheme through the Maybank Islamic wing. While PR1MA and Smart Sewa are only applicable for property up to RM500,000 or less, Maybank HouzeKEY offers this scheme for properties up to RM1M. Another benefit of HouzeKEY is that Maybank collaborates with property developers, giving more property options to potential applicants.
Three-month security deposit, which is less than 1% of the property price and is refundable
Ages 18 to 70
Home financing cannot exceed one per applicant
付款从搬入之日或银行发出的搬家之日起 14 个日历日开始领取钥匙
2. PR1MA (Perumahan Rakyat 1Malaysia)
PR1MA is an initiative by the Malaysian government that affords affordable homes to the B40 income group. PR1MA launched their own Rent-To-Own Scheme as applicants were ineligible for a traditional housing bank loan. This scheme will begin in June 2021 for all PR1MA projects in Malaysia.
楼价介于 RM100,000 至 RM400,000 之间
申请人的家庭月总收入必须在 RM2,500 至 RM15,000 的范围内
A maximum of one property can be owned by the applicant and their spouse
适用于现有和未来 PR1MA 项目的方案
For a period of five years, the property cannot be sold or transferred without PR1MA’s approval.
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