Skip to main content

We are back at out branch office starting 3 Jan 2023| AKPK Pulau Pinang, AKPK Johor Bahru, AKPK Kuching

Updates as at 30 December 2022. Subject to amendments and further information.


You’re Now at

AKPK's One Stop Portal


SSB – Reverse Mortgage


The Skim Saraan Bercagar or SSB is a loan offered by the National Mortgage Corporation of Malaysia (Cagamas) targeted towards the elderly and retirees which allows them to convert their beloved home into a source of fixed monthly income to cover or supplement their living expenses during their retirement and to reduce financial dependency on their family.

This loan enables the retiree to continue to stay in their beloved home without having to sacrifice their ownership of the property.

The homeowner will charge/assign their home to Cagamas for the SSB loan and the SSB Loan will be disbursed via a fixed Monthly Payout by Cagamas to the borrower/homeowner.

No repayment is required during the retiree’s lifetime, where settlement of the loan only occurs upon the demise of the homeowner or surviving joint owner, whichever is later.

The estate (next of kin) will be given preferential right to redeem the charged property by repaying the outstanding SSB Loan amount, otherwise, Cagamas will dispose of the property to repay the outstanding SSB Loan amount.

Any excess from the sale proceeds of the property will be passed on to the estate whereas any shortfall between the sale proceeds and the outstanding SSB Loan amount will be borne by Cagamas. Therefore, there will be no further action to the owner’s estate.

View More


Eligible Criteria for Borrower are:

  • Malaysians aged 55 years and above
  • Must be owner or joint-owners of a residential property (for single and joint SSB Loan)

Eligible Criteria for Property are:

  • Residential property in Malaysia held in Borrower’s name (joint ownership for joint SSB Loan) which is the Borrower’s occupied and primary place of residence
  • The property must also be unencumbered and mortgage-free

For pilot launch in the first half of 2022, the property eligibility is only restricted to Klang Valley, i.e. Wilayah Persekutuan, Selangor and Putrajaya.

View More

How to Apply

  • A

    Interested Homeowner is to apply Reverse Mortgage product through the designated EPF branches updated in Cagamas website at:

  • B

    EPF staff will perform pre-assessment to determine the Homeowner and Property eligibility.

  • C

    Once EPF staff has determined that the Homeowner and Property have met the criteria of the Reverse Mortgage Programme, the EPF staff will provide indicative Monthly Payout based on Reverse Mortgage Calculator made available at Cagamas website (to calculate the amount eligible for Reverse Mortgage and Monthly Payout based on age and property value).

  • D

    For Property that has outstanding mortgage, Homeowner must settle the outstanding amount first using either his own funds or opting for lump sum Reverse Mortgage payout so that the lump sum payout could be used to settle the outstanding mortgage.

  • E

    Interested Homeowner shall then set an appointment with AKPK (via AKPK Online Booking System) to attend a compulsory Reverse Mortgage module at AKPK’s branches. Face-to-face session with AKPK Financial Advisor will cover the following:

    • General features of Reverse Mortgage
    • Impact of Reverse Mortgage to Homeowner and estate
    • Homeowner’s rights and obligations
    • Legal concerns


  • F

    Homeowners will receive a certificate of attendance upon completion of the session which needs to be submitted together with the Reverse Mortgage Application Form to Cagamas.

  • G

    Homeowners must submit the Reverse Mortgage application form, certificate of attendance and other relevant documentation at the EPF branch where the pre-application was made.




The world we live in is increasingly complex, especially for the youths, and they will eventually need to take charge of their future and finances. Financial education in the tertiary stage is for those between the ages of 18 to 25 currently pursuing post-secondary education. Providing them with the appropriate financial know-how at this point will build up their competence in dealing with future financial decisions. This module focuses on cash flow management, the importance of savings and setting up a budget, internet banking and other appropriate topics for university and college students.

Entering Workforce

This stage comprises those between the ages of 20 to 30, i.e. mainly those who are just starting out in life. Financial education is essential to this age group as they learn to be independent in most matters especially financial management. In their minds, a car is a want rather than a need, and normally sits at the top of their list of things to acquire. Our Entering Workforce module focuses on understanding the fundamentals of borrowing and the importance of borrowing productively to encourage positive net worth. Financial education at this stage is also aimed at inculcating the habit of managing debts wisely. The module also introduces the fundamentals of investments and the importance of insurance for a better tomorrow.

Starting and Raising a Family

The module for the next life stage is for those who are starting and raising a family. People in this category are approaching that time in their life when they will normally experience important and meaningful life’s milestones: marriage, children and a new home. Designed for those between 30 to 40 years of age, this module will focus on settling unproductive loans while reducing debt commitments as they prepare for retirement. Emphasis will again be placed on the importance of planning for and protecting against uncertainties by talking about the types of financial tools available. They will learn the various types of insurance policies and be able to decide on the best coverage based on their affordability for their precious family. Education will also be given on the appropriate investments that will provide passive income for a better tomorrow.


The transition from working to retiring involves many tough decisions regarding income and lifestyle needs and whether one plans to ease into retirement or otherwise, while considering factors such as wealth management, whether a pension is enjoyed, and EPF balances. These are big decisions with long-term impact on their financial well-being during retirement. To make the best choices, they require sufficient knowledge and intense awareness of how they want to live through their retirement years. Therefore, our pre-retirement module will prepare them for retirement by teaching them the proper use of their investments and review of their portfolio while servicing their insurance policies and settling unproductive debts to improve their net worth positively.

Post – Retirement

You have retired. How would you manage your money now? Considering that the average life expectancy in Malaysia has improved, it is more important now than ever to ensure that you have the financial resources to live a comfortable and happy lifestyle—particularly if you are looking forward to retiring with peace of mind. Taking care of your wealth and making it last are important at this stage. Financial literacy and education is a continuous life lesson that does not end at retirement. Now, more than ever, you need to manage your finances wisely and plan for the unexpected. Our post-retirement module is focused on those who are currently transitioning into retirement or are in the early stages of retirement.

Early Adulthood
Adult – Middle Adulthood