If you're eligible, no harm in applying. Once approved and got all the T&C, then only decide to really sign the actual agreement or not. Even if need to pay back, if the interest is low or zero, then you've already gain from that.

I wish to take 100% instead, haha

form my view,

gov should subsidi for interest,
if your monthly repayment 2k,
1k will go to interest,

if gov provide lower interest will help those low-mid income a lot.

but too bad i cannot apply

Pembelian Rumah Pertama

Bantuan MyDeposit hanyalah diberikan kepada mereka yang membeli rumah pertama. Diantara pembelian yang layak adalah

Pembelian rumah “Subsale”
Rumah mestilah beharga RM 500,000 ke bawah
Pembelian project perumahan swasta yang tidak mendapat subsidi dari pihak Kerajaan (PPR, RMR )
Rumah yang dibeli mempunyai 10 tahun sekatan dari dijual jika mendapat bantuan MyDeposit
Bayaran deposit akan diberikan terus kepada akaun Pemaju, Peguam Jual Beli ataupu Penjual Rumah.

Syarat Syarat Permohonan

Berikut adalah syarat syarat dan kelayakan permohonan.

Permohon mestilah Rakyat Malaysia
Permohon mestilah berumur 21 tahun ke atas (tiada usia maksima)
Permohonan ini hanyalah untuk pembelian rumah pertama , untuk seisi rumah
Pendapatan kasar isi rumah permohon mestilah kurang dari RM 10,000 sebulan. Ini termasuk komisyen, elaun, bonus dan lain lain)
Permohon diberi tempoh 30 hari untuk membuat perjanjian jual beli rumah dari tari kelulusan
Permohon mestilah layak untuk membuat pinjaman perumahan dari mana mana institusi kewangan di Malaysia.
Permohonan Mydeposit akan dibuka pada 6 April 2016 hingga 30 Jun 2016. Mereka yang berminat untuk memohon harus memohon secepat mungkin.

Mean that once approved and signed house purchase agreement, then you have to prepare to pay for the 10 years monthly payment. huhu

No la bro, sigh

Sub sale perhaps?

No, that statement only means the buyer is forbidden to sell the unit within 10 years.

"Rumah yang dibeli mempunyai 10 tahun sekatan dari dijual jika mendapat bantuan MyDeposit"

--> What's the penalty if I break the moratorium of 10 years and sell it in 5 years?

Where's the official T & C?

If you sell within 10 years, they will confiscate your house and feed you to the Malayan tiger in zoo negara.
For T&C, the minister will make it up as they go along, they are good at that. 

IT IS NOT FREE !!!!

YOU HAVE TO PAYBACK !!!

Have to pay back meh?

Hi all,
I understand some of you might not understand the document required by MyDeposit. I can assist you guy like the documents they required.

- Salinan surat akuan sumpah bekerja sendiri. (if you are self-employed, you need write in a letter regading you are warganegara malaysia, the salary you earn per month and etc).

- Salinan surat pengesahan majikan. ( Employment offer letter)

Salinan surat pencen( Jika berkenaan). (This one normally apply to the government servant who choose pencen scheme)

Salinan surat tawaran /pengesahan daripada pemaju/penjual. (This mean the booking form issued from developer or agency)
salinan Sistem Maklumat Rujukan Kredit Pusat(CCRIS) pemohon dan pasangan. (You may go to Bank Negara to print out the CCRIS report)

MyDeposit application is same as MyHome scheme, only the criteria of the housing selling price and the applicant's salary required are different. And, MyHome do not require the CCRIS report from applicant.

The process flow is fill in online application form and submit - if you fulfill the requirement, they will send you the offer letter - Sign the offer letter and do commission oath, then return to JPN - After gather all the documents and submit to JPN - After the officer check and no query, the RM30k will be credited.

If you buy the house from developer, the developer will compile all the documents and submit:
- The developer's HDA bank account statement
- The HDA account letter issued by the bank
- The stamped copy of bank offer letter. If your are LPPSA borrower, need the copy offer letter together with the Lampiran E signed)
- The copy of MyDeposit offer letter
- The stamped copy of SPA with chop the word of "MyDeposit" in every page of the SPA copy. Please make sure the SPA copy is completed, no missing page.
- Invoice prepared by the developer.

Then, submit all the compiled documents to JPN. If the documents are ok, no query, then JPN will credited the 30K to developer HDA account.

If you are obtained the full loan (LPPSA), you can get the 30k at the end from developer. If obtained 90% of the commercial loan, the purchaser no need pay downpayment. The developer will issue letter of differential sum settled to loan solicitor. The loan solicitor will do their part.