What Is SJKP (Housing Credit Guarantee Scheme)?
SJKP is a government-backed guarantee that helps buyers without a fixed salary slip get a home loan considered. Here is how it works.
Quick answer
SJKP (Skim Jaminan Kredit Perumahan / Housing Credit Guarantee Scheme) is a government-backed guarantee, via SJKP Berhad under the Ministry of Finance, that helps a bank consider home financing for buyers without a conventional fixed-salary profile — such as self-employed people, gig workers, freelancers, micro-entrepreneurs, hawkers and commission earners. It supports the file; it is not automatic approval.
Key takeaways
- SJKP is a government-backed housing credit guarantee.
- It targets buyers without a fixed salary slip.
- It helps a bank consider the file — not automatic approval.
- Final outcome still depends on the bank and SJKP approval.
Who it is for
- Self-employed and micro-entrepreneurs.
- Gig / platform workers and freelancers.
- Commission earners and contract workers.
What it does (and does not) do
SJKP provides a guarantee that helps the bank say yes to a file it might otherwise hesitate on. It does not remove the need to show you can afford the loan, and it does not guarantee approval or a cheaper rate.
Checklist
- Confirm you are a Malaysian buyer with non-fixed income.
- Prepare bank statements and income proof.
- Ask a banker whether SJKP suits your file.
Watch out for
- SJKP is not automatic approval — the bank still assesses affordability.
- It does not guarantee a lower interest rate.
Frequently asked questions
Does SJKP guarantee my loan is approved?
No. SJKP is a guarantee that helps the bank consider your file, but the bank still assesses affordability, CCRIS/CTOS and documents. Approval is never automatic.
Who can use SJKP?
It is aimed at Malaysian buyers without a fixed salary slip — self-employed, gig workers, freelancers and small business owners. Verify the latest eligibility with SJKP Berhad / your bank.
Related guides
SJKP Biasa vs SJKP Madani
SJKP has more than one variant. Here is the seed comparison between SJKP Biasa and SJKP Madani.
Read guideSJKP DSR and Tenure
How DSR and tenure work under SJKP, with the seed guideline figures and the usual caveats.
Read guideSJKP Documents Checklist
Non-fixed-income borrowers need to prove income carefully. Here is the SJKP document checklist.
Read guideImportant
This content is for general education only. It is not legal, financial, banking, valuation, tax, investment, or property advice. Always verify with the relevant bank, lawyer, valuer, agent, developer, auctioneer, land office, LPPSA, LHDN, or authority before making decisions.
Last reviewed: 2026 edition · Rules, rates and fees change over time. Always confirm the latest figures with the relevant authority before you act.