LPPSA Loan Agreements: How We Can Help

The Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) is a government housing loan scheme for Malaysian civil servants. It provides affordable financing options for purchasing, constructing, or renovating homes. Unlike conventional bank loans, LPPSA financing comes with low interest rates and long repayment terms, making it highly attractive for public sector employees.

Why Do You Need a Lawyer for an LPPSA Loan?

When applying for an LPPSA loan, legal assistance is required to ensure that all documentation, contracts, and agreements comply with LPPSA regulations. A lawyer plays a key role in:

✅ Sales and Purchase Agreement (SPA) – Drafting, reviewing, and witnessing the SPA to ensure a legally binding contract.

✅ Loan Agreement Preparation – Ensuring the loan agreement meets LPPSA requirements and protects the client's rights.

✅ Title Transfer & Mortgage Registration – Handling land office registrations to secure ownership and collateral for the loan.

✅ Consent Applications – Assisting with approvals for properties under restricted titles or joint ownership.

✅ Disbursement of Funds – Ensuring proper documentation submission for timely loan disbursement.

LPPSA Loan Process

1️⃣ Eligibility Check – Applicants must be Malaysian government employees with a permanent position and meet LPPSA’s salary and service requirements​.

2️⃣ Property Selection – Choose a home eligible for LPPSA financing.

3️⃣ Loan Application Submission – Complete the LPPSA application with necessary supporting documents​.

4️⃣ Loan Approval & Legal Documentation – Lawyers assist with signing and finalizing the Loan Agreement & SPA.

5️⃣ Property Transfer & Loan Disbursement – Lawyers ensure smooth title transfer and mortgage registration to complete the transaction.

LPPSA Legal Fees (Scale Fees)

Legal fees for an LPPSA loan follow a structured scale based on the loan amount. Typically, they include:

💰 Loan Agreement Legal Fees – 1% for the first RM500,000, reducing for higher amounts.

💰 Stamp Duty – 0.5% of the total loan amount.

💰 Disbursement Fees – Charges for land office, government filings, and documentation.

Why Choose Us?

At Choo & Lee Advocates & Solicitors, we specialize in LPPSA loan transactions, ensuring a seamless, compliant, and efficient financing process. Our legal team ensures all documents are in order, avoiding delays and ensuring you secure your dream home hassle-free.

📞 Contact us today for a consultation and let us handle your LPPSA loan process professionally!

Disclaimer: This article is for general informational purposes only and does not constitute legal, financial, or real estate advice. While we strive for accuracy, laws and regulations may change, and information may not be applicable to your specific situation. Always consult a qualified professional before making any legal or financial decisions.