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5 Government Subsidies You Might Be Missing

BY Team Loanstreet

Updated 08 Jul 2021

The toll on living costs is at an all time high. You name it, GST on April Fool’s Day, petrol subsidy removal  and so on. However, there are also incentives provided by the government to help offset these soaring prices. Have a read and see if any of them are relevant to you.

 The first 3 schemes are related to housing subsidies. Note that the Youth Housing Scheme(YHS) under Budget 2015 has not been implemented by the government. Stay tuned for more updates!


What's covered in this article?

My First Home Scheme (MFHS) / Skim Rumah Pertamaku

Key Features

  • Up to 100% financing for residential properties to avoid 10% down payments
  • House value between RM100,000 to RM400,000
  • For owner occupation, not any other investment purposes

Eligible Buyers

  • Malaysian citizen/employees in the private sector
  • First time home-buyer
  • Individuals up to 35 years of age.
  • Monthly gross income of single borrower: Not exceeding RM5000
  • Monthly gross income of joint borrowers (family only): Not exceeding RM10,000

Financing Requirement

  • Repayment of financial obligation must not exceed 60% of the net monthly income or maximum financing limit of the bank.
  • Maximum financing tenure is 35 years, provided borrower’s age does not exceed 65 years at the end of the tenure.
  • Installments payable via monthly salary deduction


Key Features

  • Offers incentives up to RM 30,000 per home unit
  • 10,000 subsidized units

Eligible Buyers & Financing Requirement

  • Malaysian citizens above 18 years old
  • First Home Purchase
  • Monthly Household Income must fit as follow:-

5 Government Subsidies You Might Be Missing

Youth Housing Scheme (YHS)

Key Features

  • Provide loan amount of 100% of purchase price, RM500,000
  • Provide 5% of purchase price to finance insurance (MRTT/MRTA)
  • 20,000 buyers only on ‘first come first serve’ basis
  • 50% of stamp duty exemption on loan and transfer agreements
  • Monthly installments of RM200 per month for 2 years

Eligible Buyers & Financing Requirement

  • Married youth aged between 25 to 40 years old
  • Monthly Household Income (Two persons) must not exceed RM10,000 per month
  • Maximum financing tenure is 35 years, provided borrower’s age does not exceed 65 years at the end of the tenure.

Klinik 1Malaysia

What Is It?

Public clinics offering doctor consultation and common medicines for only RM 1 for Malaysians below 60 years old. Those above the age of 60 receive free medication. It also offers surgeries but at specific rates, far lower than private institutions guaranteed.

Where Is It?

Track down the closest Klinik 1Malaysia near you.

Child Welfare Benefits

What Is It?

Government subsidy of public sector nursery mainly for children. It solves working parents dilemma: Should one of us stay home and take care of the kids?

What are the benefits?

  • Monthly assistance of RM250 in nursery fees for parents with monthly income of not more than RM900.
  • Monthly assistance of RM180 in nursery fees for parents with monthly income of  RM5000 compared with RM3000 previously.
  • Double rate of daily allowance for children in institutions under JKM from RM1.50 to RM3 for school-going children and RM 1 from 50 cents for those who yet exposed to schooling.
  • Daily allowance of RM30 for senior citizens.


Some of the housing schemes may no longer be applicable as the quota might have been met but don’t worry! You still can get the best rates for loans in Malaysia through our home loan comparison tool or stay updated with our latest articles to remain financially savvy!

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About the Author

Team Loanstreet

Run by a professional human-sized team, get resourceful tips & guides from our very own library of financial articles that can help improve your financial lifestyle & make a well-informed money decision. We strive to provide you with the best service in helping you to get the most out of that DUIT!


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