Find your dream property type and unit



  • Determine your dream home type. For example: apartment, condominium, terrace, semi-detached or bungalow.

  • Visit to any of OIB's sales office to understand more details of your dream house, alternatively, you may register yourself at www.oibgroup.com . Our sales representatives will always be ready to assist you.


Book a unit



  • Select the available unit of the property type that you prefer.


Execution of Sales & Purchase Agreement



  • Execution of the Sales & Purchase Agreement will be done by our appointed solicitor upon settlement of the initial 10% down payment.


Apply for a bank financing



  • Our panel of end-financiers will provide assistance in loan financing which suits your needs.


Accept Letter of Offer on Loan



  • A Letter of Offer on Loan will be issued to you by end-financier once your loan application is approved. You will need to accept and acknowledge it within 14 days.


Execute the loan documents



  • The solicitor will be instructed by the end-financier to prepare the loan documents for the purchaser's execution.


Release of Progress Payment



  • Once the loan documents have been completed, the end-financier's solicitor will advise the end-financier to release the outstanding progress payments to developer in accordance with the Architect's Certificate issued upon completion if each stage of the constructions.


Progress Billing



  • Billing will be done progressively either as when the Architect's Certificates are issued upon completion of each stage of construction. The bank then releases the progress payment. If you are cash buyer, you will be billed directly.


Collect the keys of your dream house



  • OIB will release the keys to you upon full settlement of any outstanding payment. You can start planning for your renovation and schedule to move in!



BUYER'S GUIDE

Find your dream property type and unit

  • Determine your dream home type. For example: apartment, condominium, terrace, semi-detached or bungalow.
  • Visit to any of OIB's sales office to understand more details of your dream house, alternatively, you may register yourself at www.oibgroup.com . Our sales representatives will always be ready to assist you.

Book a unit

  • Select the available unit of the property type that you prefer.

Execution of Sales & Purchase Agreement

  • Execution of the Sales & Purchase Agreement will be done by our appointed solicitor upon settlement of the initial 10% down payment.

Apply for a bank financing

  • Our panel of end-financiers will provide assistance in loan financing which suits your needs.

Accept Letter of Offer on Loan

  • A Letter of Offer on Loan will be issued to you by end-financier once your loan application is approved. You will need to accept and acknowledge it within 14 days.

Execute the loan documents

  • The solicitor will be instructed by the end-financier to prepare the loan documents for the purchaser's execution.

Release of Progress Payment

  • Once the loan documents have been completed, the end-financier's solicitor will advise the end-financier to release the outstanding progress payments to developer in accordance with the Architect's Certificate issued upon completion if each stage of the constructions.

Progress Billing

  • Billing will be done progressively either as when the Architect's Certificates are issued upon completion of each stage of construction. The bank then releases the progress payment. If you are cash buyer, you will be billed directly.

Collect the keys of your dream house

  • OIB will release the keys to you upon full settlement of any outstanding payment. You can start planning for your renovation and schedule to move in!
GOVERNMENT LOAN

As a government loan applicant, you may have been advised by your Departmental Head on the requirements for a housing loan or you may refer to the Lembaga Pembiayaan Perumahan Sektor Awam Official Website for information. However, we have for your convenience, listed the following documents required for your loan application:

  1. Application form to be completed in detail.
  2. Letter of Confirmation and recommendation from your Departmental Head.
  3. Processing fees (RM1.00 for every RM1, 000.00 of loan amount).
  4. Borang VII (Format VII) - Declaration from the borrower giving consent to the Federal Government to deduct from his/her salary the loan installments (inclusive of interest).
  5. Copy of title deed.
  6. Lampiran A - Declaration from the developer consenting to a registrar's caveat.
  7. Format XIV - To be endorsed by the developer and the borrowers' solicitors.
  8. Solicitors' declaration - confirmation of stakeholder and finalisation of loan documents. Borang Akuan SPP 21/86 - Lampiran IV.
  9. Letter to the housing loan unit confirming the ability to settle the difference between loan and purchase price (if it is not a 100% loan).
  10. Copy of Power of Attorney, if the agreement has been attested by the Power of Attorney.
  11. Certificate of Fitness - for completed house.
  12. The progress payments will be released by the Housing Loan Division only when the title (landed unit) and loan agreement cum assignment (strata unit) has been registered at the land office and the High Court respectively.

Note

The above mentioned format might be changed by the government housing loan unit. The loan processing is handled by the:

Bahagian Pinjaman Perumahan, Perbendaharaan Malaysia
No 9, Kompleks Kementerian Kewangan,
Persiaran Perdana, Precinct 2,
Pusat Pentadbiran Kerajaan Persekutuan,
62592 Putrajaya.
Tel: (603) 8880 2000
Email: pinjamrumah@treasury.gov.my

EPF REDRAWAL PROCEDURE

Buying a house is a major move for most people and it involves serious financial commitment especially when you are just starting your working life. Nevertheless, it is an important option for you to consider at an early point of your life.

Application Eligibility

  • (i) A Malaysian Citizen; OR
  • (ii) A Malaysian Citizen who has made Leaving the Country Withdrawal before 1 August 1995 and has opted to re-contribute to the EPF; OR
  • (iii) A Non-Malaysian Citizen who:
    - Has become an EPF member before 1 August 1998; OR
    - Has obtained a Permanent Resident status (PR).
  • You have not reached 55 years of age at the time the EPF receives your application; AND
  • You have at least RM500.00 of savings in Account 2.

Procedure

  1. Submission of EPF withdrawal form [Form KWSP 9C(AHL)]
  2. The original copy of the Sale and Purchase Agreement.
  3. Photocopy of your Identification Card.
  4. A copy of the letter of loan approval from your end-financier.
  5. Proof of relationship

(This is for joint purchase involving spouse or next of kin namely parents or siblings. For joint purchase involving next of kin, the member is required to submit an explanation letter stating the reason for the joint purchase)

Note: The original Sale and Purchase Agreement, Letter of Loan Approval from your end-financier and your original Identification Card have to be sighted by the EPF officials.

Mode of Payment

The payment will be released directly to the member within a period of two weeks from the date of submission.

Enquiry

If you have any enquiry or problem relating to your withdrawal application, please contact the nearest EPF Office or the EPF Customer Service Department as follows:

Customer Service
Tel: 603-87326000
E-mail: enquiry@epf.gov.my
Website: www.kwsp.gov.my

LOAN CALCULATOR