How many housing loans has SJKP approved since 2008?

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SJKP Has Approved Over 90,000 Housing Loans Since 2008

Since its inception in 2008, the Housing Credit Guarantee Scheme (SJKP) has approved a total of 90,779 housing loans, amounting to RM21.5 billion. A significant majority of these approvals, nearly 90 per cent, have been granted to Malaysians aged 40 and below, underscoring the scheme's focus on supporting younger demographics in homeownership.
Majority of Approvals for Under-40s

Out of the 90,779 total loan approvals facilitated by SJKP since 2008, a substantial 80,000-plus have been allocated to individuals aged 40 and younger. This demographic represents 89.56 per cent of all borrowers who have benefited from the scheme.
Breakdown by Age Group

The scheme's support for younger borrowers is further detailed by age brackets. Those aged 18 to 25 years old have secured over 15,000 loan approvals. The largest segment within this younger demographic are individuals aged 26 to 30, who have received more than 31,000 approvals. Additionally, those aged 31 to 35 have been granted 22,356 approvals, while the 36 to 40 age group accounts for 12,799 approvals.
Future Allocations and Guarantees

The SJKP is set to receive further financial backing, with the 2026 Budget earmarking an additional RM20 billion allocation. This injection follows a previous RM20 billion from the Madani government, indicating a sustained commitment to expanding the scheme's reach. The government also provides financing guarantees of up to RM500,000 for first-time homebuyers, encompassing new, existing, or repossessed properties.
Support for Contract-Based Civil Servants

Beyond general housing loan support, the SJKP also offers enhanced guarantees for contract appointments of public servants. This includes an additional RM1 billion in guarantees specifically for contract-based civil servants, providing them with further avenues to secure home financing.

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How many housing loans has SJKP approved since 2008?

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