What is the Step-Up Financing loan plan?
In 2017, the 1Malaysia Peoples’ Housing (PR1MA) Corporation, introduced a special flexible loan scheme known as the Special PR1MA End Financing Scheme. This step-up financing loan plan was designed to allow middle-income groups earning between RM2,000 and RM15,000 to purchase homes. It was beneficial to these groups as they had access to a higher loan amount while enabling eligible applicants to pay their monthly mortgage at a lower amount than with regular loans.
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