SJKP Guarantees First Homes Financing for All Malaysians
Malaysia's workforce is increasingly composed of gig and freelance workers, resulting in many self-employed individuals being denied access to housing loans due to the lack of formal payslips.
Since 2008, over 76,000 Malaysians have secured RM17.9 billion in home loans from various financial institutions through the backing of Syarikat Jaminan Kredit Perumahan Berhad (SJKP), a company wholly owned by the Minister of Finance Incorporated (MOF Inc.).
SJKP provides government-backed guarantee schemes for gig workers and petty traders, addressing the issue of limited access to housing loans for self-employed individuals.
SJKP's guarantee schemes have enabled many Malaysians to secure home loans, promoting homeownership among gig workers and petty traders.
Author's summary: SJKP provides financing guarantees for Malaysian homeowners.
More News
- OPINION | Free Secondary Education Is Malawi’s Most Radical Leap Toward Equality - Malawi Nyasa Times - News from Malawi about Malawi
- Ministers must return to core Labour principles of equality, improving lives and boosting public services | News, Press release | News | UNISON National
- Trinity Students Share Their Dublin Marathon Experiences