Government Guarantee of Up To RM100,000 To Help Buyers of PR1MA Homes

KUALA LUMPUR: The government will guarantee up to RM100,000 under the special step-up end-financing scheme announced for PR1MA (1Malaysia People’s Housing Programme).

Secretary General of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah said some buyers who were chosen from the PR1MA balloting process were still unable to obtain loans.

“The banks said the credit worthiness is not there. So we talked to the banks, and up to RM100,000 the government will guarantee,” he said during his keynote address at a dialogue on Budget 2017 organised by the Malaysian Economic Association yesterday.

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