About SJKP Government Guarantee Schemes for First Home Buyers

Who We Are

The Government of Malaysia, in introducing the Supply Bill (2008) at Dewan Rakyat in September 2007, recognised the difficulties faced by those with fixed and non-fixed income, such as freelancers, self-employed, e-hailing drivers, farmers and petty traders, to obtain financing facilities to purchase their first dream home.

In order to overcome such difficulties, the Government has set up Syarikat Jaminan Kredit Perumahan Berhad (SJKP) as a wholly-owned company of the Minister of Finance (Incorporated) on 6 December 2007 to guarantee the financing facilities provided by participating financial institutions.

Through this initiative, SJKP plays a vital role in enabling Malaysians to access government housing loans and achieve home ownership.

Our Role in Supporting Malaysians

On 24th February 2023, through Belanjawan 2023, the Government of Malaysia announced RM5 billion under the Housing Credit Guarantee Scheme (HCGS) with a higher financing limit up to RM500,000 to further assist potential first-time house buyers with the financial ability to buy a home.

This scheme reflects the government’s commitment to support Malaysians — especially the self-employed and underserved — in securing government-backed housing loans through SJKP’s housing guarantee schemes programmes.

Our Impact and Commitment

Since its establishment, SJKP has continuously expanded its support network with financial institutions, helping more Malaysians achieve their dream of owning their first house. Through the HCGS and HCGS-MADANI, SJKP continues to promote financial inclusion and provide access to government housing loans nationwide.