SJKP: home loans for gig workers & the self-employed
Quick answer: The Housing Credit Guarantee Scheme (SJKP) helps people without a fixed payslip — gig workers, small traders and the self-employed — get first-home financing. The government is providing a RM20 billion guarantee for about 80,000 buyers. Financing is guaranteed for homes up to RM500,000, with margins reported at up to 110–120% to cover extra costs such as renovation and furnishing.
Key facts
| Guarantee | RM20 billion |
|---|---|
| Home price limit | RM500,000 |
| Margin | Up to 110–120% (varies by bank) |
| Target | Gig, self-employed, no payslip |
Who it suits
- E-hailing drivers, food-delivery riders and gig workers.
- Small traders, online sellers, farmers and fishermen.
- First-time buyers rejected for lack of a payslip.
Typical documents
- 6–12 months of bank statements showing income flow.
- Platform income statements or business documents (SSM, receipts).
- EPF / i-Saraan statements if any.
Tip: Bank all income into one account consistently for at least 6 months before applying. Banks look for a pattern.
Frequently asked questions
Can I buy a house without a payslip in Malaysia?
Yes. SJKP is designed for people without fixed income such as gig workers and the self-employed, with a government guarantee through participating banks.
What is the SJKP price limit?
Financing is guaranteed for homes up to RM500,000, with margins reported up to 110–120% depending on the bank.
Which banks offer SJKP?
Several participating banks, including Islamic banks. Check the latest list on the SJKP website.