Eligibility Criteria
To qualify for SSBT, both the borrower and the property must meet specific requirements.
Borrower
Citizenship
Age
Property Ownership
Application Limit
Joint Application Welcome
Reapplication
Property
Mortgage Status
Application Limit
Residency
Insurance
Type of Property Title
Property Location Requirements
How SSBT Works
SSBT converts your non-primary home’s equity into fixed monthly payouts through a simple mechanism. Throughout this period, you retain full property ownership.
You pledge your mortgage-free non-primary home as collateral without selling it
Cagamas pays you fixed monthly payouts throughout the loan tenure
Interest accumulates at a fixed rate over 5 or 10 years
No monthly repayments during the entire loan tenure
Settlement occurs at the end of the loan tenure
Choose the loan tenure that matches your financial needs. Your monthly payouts varies based on several criteria, including but not limited to your age, property value, and the loan tenure you select.
| Features | 5-Year | 10-Year |
|---|---|---|
| Best for | Short-term financial needs | Longer financial planning flexibility |
| Initial Lump Sum & Monthly Payout | Higher amount | Lower amount |
| Settlement Timeline | Sooner repayment (5 years) | More time to plan (10 years) |
| Lock-in Period* | 2 years | 4 years |
*If you settle the loan earlier during the lock-in period (first 2 or 4 years), a 1% penalty applies. No penalty after the lock-in period ends.
