Does anyone know the interest rate of the government home loan? Is it fixed or flexi?

I'm looking to get a loan (90%, 30-40 years) to buy an apartment around RM190k but I'm in a dilemma in choosing the better option;

1. Buy an apartment now with a bank loan. After 3 years from now, I will be eligible to get a subsidy from my company (TNB). If the interest rate is more than 4%, they will pay the rest of the interest. (assuming that I work with them till I retire)

2. Wait 1.5 years until my wife (who is a civil servant) is eligible to apply for government home loan which I don't know the policy and interest rate.



I will really really really really appreciate any advice.

thanks for the reply, people! Yes, I think it's 4% and I hope the policy doesn't change when my wife is ready to apply the loan. It worries me a bit that govt nowadays don't have much money so might change their policy if they want to.

Makes sense....knowing their lousy service (sorry if I'm too harsh), I'm not surprised if she has to wait several months for the confirmation letter.

This post has been edited by gjoy993: Jul 21 2010, 12:08 AM