Housing Loans For Irregular Incomes

"There are sunny days, extremely sunny days, and days with floods"

Though Skim Jaminan Kredit Perumahan (SJKP) allows applicants without payslips to support their housing loan applications, income can still change from month to month. Bank statements and business records may show past earnings, but they do not necessarily reflect what a household will earn throughout the life of a loan.

Our researcher, Muhammad Nazhan Kamaruzuki, highlights that being able to afford a loan today does not mean a household will always be able to manage the repayments. Housing finance should also consider what happens when borrowers face temporary income shocks, with support such as repayment flexibility or loan restructuring available when needed.

Catch the full discussion on the Astro AWANI YouTube Channel.