The Rent-to-Own (RTO) concept was recently suggested by the Finance Ministry to help the low-income group to acquire their first home. This approach will be very efficient in allowing low-income citizens to acquire a home without having to pay down payment.
According to the Second Finance Minister Datuk Johari Ghani, a person with the earning of RM2,500 and below should be able to pay a monthly rental of up to RM800. This monthly payment will be taken as the installment for a house without any down payment.
To read the full article, you can visit Rent-to-Own (RTO) Concept Help Low-Income Group To Buy Their First Home
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