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STEP TO
OWNING A HOME
5 EASY STEPS TO
OWNING A HOME
1
Registration
Register yourself at seripajam.com.my or visit any of our sales gallery. Our sales personnel will be happy to provide you with registration forms in which you can state your preferred location and type of property.
2
Select A Unit
Prior to a launch, registered buyers will get preferential choice in the selection units and this will be done on a first come first serve basis.
3
Letter of Offer
Upon selection of the unit, a letter of offer will be issued and the receipt for the initial 10% down payment.
EMPLOYEES PROVIDENT FUND (EPF) WITHDRAWAL PROCEDURE
Application Eligibility
-
Member is a Malaysian citizen or non-Malaysian.
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Has not reached age 55 at the time the EPF receives member’s application; AND
-
Has at least RM500 in Account 2.
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Procedure:
-
Submission of EPF withdrawal form (Form KWSP 9C(AHL)) KWSP 9C (AHL) (D5)
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The original copy of the Sales and Purchase Agreement.
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Photocopy of your Identification Card.
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A copy of the letter of loan approval from your end-financier.
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Proof of relationship
Bank Loan Application Checklist
Understanding Your Debt Service Ratio (DSR)
Your Debt Service Ratio (DSR) and risk profile are weighted more heavily compared to your property valuation and maximum Loan to Value (LTV) that's available to you. An individual’s DSR shows a bank your financial ability to pay your debts and calculates accordingly how much of a person’s income is used to pay all their debt instalments, represented in %:
Understanding Your Debt Service Ratio (DSR)
Total Debt Repayments Including Loan Applied for (Bank & Non-Bank)
Debt Service Ratio % (DSR) =
Total Nett Income After Statutory Deduction (i.e., Tax, EPF, SOCSO)
Ready to Buy a Home? Check This First!
A
DOWN PAYMENT
10% of the total purchase price OR the difference between the loan amount and purchase price for 1st and 2nd houses.
Minimum of 30% of the total purchase price for 3rd house onwards.
B
i) Legal Fees
COST RELATED TO
SALES AND PURCHASE
AGREEMENT
Purchase Price
First RM500,000
RM 500,001 to RM 7,500,000
Any amount exceeding RM7,500,000
Charges
1.25% (Subject to a minimum fee of RM500)
1%
Negotiable (shall not exceed 1%)
ii) Stamp Duty
Purchase Price
First RM100,000
Subsequent up to RM500,000
Subsequent up to RM1,000,000
Subsequent onwards
Charges
1%
2%
3%
4%
C
i) Legal Fees
COST RELATED TO
LOAN AGREEMENT
Similar to the Sales and Purchase Agreement Legal Fees.
ii) Stamp Duty
Loan Amount
Total Loan Amount
Charges
0.500%