Eligibility Calculation
The method of calculating the eligibility limit is as follows:
1. Monthly installments do not exceed 60% of basic salary and fixed allowances, and total debt does not exceed 80% of net income; and
2. Net salary for all borrowers at least 20% of gross income.
Pay Slip
Calculation
Note:
- The estimated maximum amount of financing can be calculated using the qualification calculation calculator on the LPPSA website by entering the property amount and the amount applied for.
- The amount of financing approved is subject to the lowest amount of the following:
a. – property prices;
b. – JPPH assessment;
c. – the amount applied for; or
d. – maximum eligibility of the applicant.
Calculation
Note:
- The estimated maximum amount of financing can be calculated using the qualification calculation calculator on the LPPSA website by entering the property amount and the amount applied for.
- The amount of financing approved is subject to the lowest amount of the following:
a. – property prices;
b. – JPPH assessment;
c. – the amount applied for; or
d. – maximum eligibility of the applicant.
Net income under the interpretation of LPPSA refers to: Basic Salary + Fixed Allowance taken into account – Compulsory Deduction.
Payments received on a regular basis include the following:
1. Payment of arrears.
2. Employment allowance.
3. Overtime allowance.
4. Special Financial Assistance.
and other fees / allowances set by LPPSA (if any).
The fixed allowances taken into account are as follows:
1. Fixed Housing Allowance (ITP).
2. Permanent Remuneration for Public Service (ITKA).
3. Fixed Entertainment Allowance (ITK).
4. Permanent Remuneration for Military Service (ITKT).
5. Fixed Remuneration for Main Positions (ITJU).
6. Regional Housing Allowance (EPW).
7. Acting Allowance.
8. Subsistence Assistance (COLA).
9. Regional Incentive Payment (BIW).
10. Peninsular Malaysia Incentive Payment (BISM).
11. Sabah / Sarawak Incentive Payment (BISS).
Mandatory deductions taken into account are as follows:
1. EPF / EPF.
2. SOCSO / SOCSO.
3. Income tax.
4. Court Instructions.
5. Syariah Court Instructions.
6. Salary Repayment.
7. Federal / State Government / Statutory Body Housing Loan Payment.
Other types of deductions that are not taken into account are as follows:
1. Zakat deduction.
2. Special Deduction of the Malaysian Armed Forces (ATM).
3. Savings / Savings (such as ASB Contribution / Tabung Haji Board savings / National Premium Savings Certificate (SSPN)).
All public sector housing financing applications will be considered based on the latest eligibility limit calculation criteria.