i-Biaya is one of the four initiatives under the Home Ownership Programme (HOPE) launched by the Ministry of Housing and Local Government (KPKT). Through i-Biaya, people with a poor credit history, those in the high-risk category and those with insufficient documentation to support their loan repayment will be able to buy a home.
There are three schemes under i-Biaya, namely the Housing Credit Guarantee Scheme (Skim Jaminan Kredit Perumahan or SJKP), the My First Home Scheme (Skim Rumah Pertamuku or SRP) and the Rent-to-Own (RTO) scheme of the OneMalaysia Housing Scheme (PR1MA).
i-Biaya scheme is available to the B40 low income group and the M40 middle income group. This scheme aims to provide 500,000 homes by 2025.
