SHAH ALAM – It is now easier for the public to own a house as the Selangor State Development Corporation (PKNS) and Maybank now offer 100 percent loans.
PKNS chief executive officer Dato’ Mohd Azizi Mohd Zain said the collaboration agreement was made for the implementation of the Smart Selangor First Home Buyer scheme.
“This Selangor Government-inspired scheme is a loan assistance to facilitate the people of Selangor who will receive 90 percent financing from Maybank,” said Mohd Azizi.
“Meanwhile, the state government will provide 10 percent financing assistance while PKNS will be appointed as the implementing agency of the scheme,” he said.
“The scheme is a 100 percent low interest rate loan incentive for the first eight years. This will make it easier for buyers to get a loan and thus to own a home, ”he added.
He said this during the launch of the PKNS Property Collection 2019 at the PKNS Shah Alam Complex on 27 July.
At the same event, Azizi also presented a replica of the Smart Selangor First Home Buyer scheme to Maybank Islamic Berhad’s deputy chief executive officer, Shah Shahzan Sulaiman, as a symbol of their cooperation.
Also present were senior PKNS officials including Central Regional Development Manager Azmi Adnan, Chief Financial Officer, Nor Azlina Amran and Southern Region General Manager Lokman Abd Kadir.
At the same fair, Maybank also opened a special counter for the housing loan qualifying service specially for visitors.
Mohd Azizi noted that the scheme is open to buyers who are keen to purchase the Selangorku Home units that are developed by PKNS and the subsidiary of PKNS only.
The project includes areas such as Selangor Cyber Valley, Antara Gapi, Kota Puteri, Klang and Kampung Sri Temenggung Gombak.
