Skim Saraan Bercagar in Klang Valley Open for Applications Beginning Monday, 17 January 2022

Kuala Lumpur, 14 January 2022 – Cagamas Berhad (“Cagamas”), the National Mortgage Corporation of Malaysia, would like to announce that, Skim Saraan Bercagar (SSB), is open for applications for eligible home owners in the Klang Valley beginning Monday, 17 January 2022.

The SSB is a scheme which aims to help the elderly homeowners fund their retirement. The scheme allows retirees aged 55 and above, to borrow against the value of their fully paid homes and convert it into a steady monthly cash payout throughout their lifetime to supplement their retirement funds.

For the pilot launch of the scheme, the SSB loan will be offered at a fixed rate financing of 5% p.a. on the outstanding loan amount and a one-time upfront recourse waiver fee of 1.75% on the initial property value. The scheme has the following key benefits:

  • Under a fixed rate offering, the scheme is able to offer retirees a higher monthly payout as it is able to withstand interest rate fluctuations throughout the entire SSB loan tenure;
  • The monthly payout disbursement is a lifetime commitment by Cagamas, subject to terms and conditions. Life expectancy is also increasing annually given the progress in medical science and healthier lifestyles;
  • No repayment during the lifetime of the borrower. Repayment is only due upon the demise of the borrower or last surviving joint borrower; and
  • No recourse to the estate in the event of insufficient proceeds from the sale of the property to repay the outstanding balance of the SSB loan.

Interested applicants may schedule an appointment at any of the two Employees Provident Fund (EPF) branches below via this link:

  1. EPF Kuala Lumpur
    Ground Floor KWSP Building 
    Jalan Raja Laut 
    50350 Kuala Lumpur
  2. EPF Petaling Jaya Services Counter
    PJX-HM Shah Tower
    Lot A, Ground Level, PJX-HM Shah Tower
    No. 16A, Persiaran Barat
    46050 Petaling Jaya

The public may also visit the SSB website, for detailed information on the features, eligibility criteria, application process including a calculator for indicative monthly payout.

Enquiries on SSB may also be directed to