How Much Salary to Buy 300K House in Malaysia?

Many Malaysians planning to buy their first home often ask the same question: How much salary to buy 300k house in Malaysia? A RM300k home is considered affordable in many cities, especially for first-time homebuyers. But banks in Malaysia follow strict rules before they approve your housing loan. So even if RM300,000 sounds manageable, your monthly salary, your commitments, your DSR, and your credit history all play a big role.

This guide explains exactly how much salary to buy RM300k house in Malaysia, how banks calculate your home loan, what upfront money you need, and what you must prepare before trying to buy a RM300k house Malaysia property.

1. How Much Salary to Buy 300k House in Malaysia?

When you ask how much salary to buy 300k house in Malaysia, what you actually want to know is:

• Can your income support the monthly repayment for a RM300k house?
• Does your income pass the Debt Service Ratio (DSR) used by Malaysian banks?
• Do your existing debts affect your chances of loan approval?
• Do you have enough savings to cover the entry cost to buy a RM300k house in Malaysia?

Malaysian banks do not approve a housing loan simply based on your salary alone. They look at your:

• Gross income
• Net income
• Monthly commitments
• Type of job (private, government, self-employed)
• Credit score (CTOS/CCRIS)
• Payment behaviour
• EPF contribution
• Loan tenure
• Stability of income

This is why two people earning the same salary may receive different loan approvals. So to answer the question how much salary to buy RM300k house in Malaysia, we need to go step by step.

So to answer the question how much salary to buy RM300k house in Malaysia, we need to go step by step.

2. Monthly Instalment for RM300k House Malaysia

To know how much salary to buy 300k house in Malaysia, we start with the monthly repayment.

Assumptions used:

• Loan amount: RM300,000
• Tenure: 35 years (maximum allowed in Malaysia)
• Interest rate: around 3.9% – 4.2%

With these assumptions, the monthly repayment for a RM300k house is roughly RM1,250 – RM1,350.

Most people use the average figure: RM1,300 per month

This RM1,300 instalment becomes the main factor when calculating how much salary to buy 300k house in Malaysia.

3. How Banks Calculate Whether You Can Afford a RM300k House: DSR Malaysia

Every bank uses an approval rule known as Debt Service Ratio (DSR). DSR measures whether your income can support your debts.

Formula DSR Malaysia:

DSR = (Total monthly commitments ÷ Monthly income) × 100%

For example:
If you earn RM4,000 and your debts are RM1,600, then DSR = 1600 ÷ 4000 = 40%

In Malaysia, most banks allow:

• 40% – 60% DSR for average-income earners
• Lower-income earners get lower DSR allowance
• High-income earners may get DSR up to 70%

So, to get a loan for a RM300k house Malaysia, your DSR must fall within the bank’s allowed range. This is why calculating DSR is a key part of understanding how much salary to buy RM300k house in Malaysia.

4. So, How Much Salary to Buy 300k House in Malaysia?

If your monthly instalment is RM1,300:

Using 50% DSR (average guideline): RM1,300 ÷ 0.50 = RM2,600 salary (but only if you have zero commitments)

But most Malaysians have:

• Car loan
• PTPTN
• Credit card
• Personal loan
• Phone instalment

So the realistic answer to how much salary to buy 300k house in Malaysia is usually higher.

Based on realistic salary needed: RM3,500 – RM5,000 per month

5. Detailed Breakdown: Salary Needed for RM300k House Malaysia

Scenario A: No other commitments

• Car loan: RM0
• PTPTN: RM0
• Credit card: RM0

DSR allowed: 50%

Salary needed = RM1,300 ÷ 0.50
Minimum salary: RM2,600

This is the absolute minimum salary to buy a RM300k house in Malaysia, but rarely realistic.

Scenario B: Normal Malaysian commitments

Example:

• Car loan: RM600
• PTPTN loan: RM200

Total existing commitments: RM800
Total commitments after house loan = RM800 + RM1,300 = RM2,100

Salary needed = RM2,100 ÷ 0.50
Salary needed: RM4,200

This is the most common answer to how much salary to buy 300k house in Malaysia for average Malaysians.

Scenario C: Higher commitments (more realistic for urban Malaysians)

• Car loan: RM800
• PTPTN: RM200
• Credit card instalment: RM150

Total existing commitments = RM1,150
Total commitments after house loan = RM2,450

Salary needed = RM2,450 ÷ 0.50
Salary needed: RM4,900

This is common among young professionals in KL, Selangor, JB, Penang, Shah Alam, and other major cities.

Scenario D: Dual income (husband + wife)

Combined income helps increase loan eligibility.

If combined income = RM6,000 and debts only RM1,000…

DSR = (1000 + 1300) ÷ 6000 = 38%

This qualifies easily.

Many couples buy a RM300k house Malaysia using joint applications because it is easier to pass bank DSR.

6. Upfront Cost to Buy RM300k House in Malaysia

Understanding how much salary to buy RM300k house in Malaysia is only half the story. You also need upfront cash to secure the property.

Upfront costs (estimated):

1. Downpayment 10%
   RM300,000 × 10% = RM30,000
2. S&P legal fees
   Around RM3,000 – RM4,000
3. Loan agreement legal fees
   Around RM2,500 – RM3,500
4. Stamp duty for MOT
   Around RM3,000
5. Valuation fee
   Around RM600 – RM1,000
6. Loan insurance (MRTA/MLTA)
   Between RM3,000 – RM9,000 depending on coverage

Total upfront money needed: RM40,000 – RM50,000

So even if you earn enough salary to buy RM300k house in Malaysia, you must still prepare a large chunk of cash.

7. Factors That Affect How Much Salary to Buy RM300k House in Malaysia

Banks do not only look at salary. They also check:

1. Your CCRIS record

If you have many late payments, your loan may get rejected even if your salary qualifies.

2. Your CTOS score

A low score shows high credit risk.

3. Your job stability

Banks favour:

• Government employees
• GLC staff
• Permanent staff
• High EPF contribution

They are more strict with:

• Contract workers
• Gig workers
• Riders
• Self-employed individuals

4. Loan tenure

Longer tenure = lower monthly instalment = easier to qualify.
Shorter tenure = harder to qualify.

5. Type of bank

Each bank has different DSR and approval policies. Some banks are strict, some are flexible.

These factors may change your result when asking how much salary to buy RM300k house in Malaysia.

8. How to Increase Your Chances of Getting a RM300k House Loan in Malaysia

If your salary is not enough or your DSR is high, you can still improve your chances:

• Lower your credit card utilisation: Keep utilisation below 30%.
• Restructure your car loan: Extending the tenure can reduce monthly commitment and improve DSR.
• Clear outstanding PTPTN arrears: Banks check PTPTN repayment.
• Add a joint applicant: Parents or spouse can help increase loan eligibility.
• Apply with banks that allow higher DSR: Some banks allow up to 60% or more.
• Increase your EPF contribution: Shows stronger financial stability.

These steps help answer the question how much salary to buy 300k house in Malaysia more positively for your case.

9. Is RM300k House in Malaysia Still Affordable Today?

In major cities like KL, PJ, Penang, JB, Subang, Shah Alam, and Seremban, a RM300k house Malaysia property is considered affordable but limited in supply. Many RM300k homes are:

• High-rise apartments
• Older subsale units
• Affordable housing schemes (e.g., Rumawip, Rumah Selangorku, PR1MA)
• Properties outside city centres

For many Malaysians, buying a RM300k house is realistic, but you must manage debts properly to qualify.

10. Final Answer of How Much Salary to Buy 300k House in Malaysia?

Here is the clear summary:

• Monthly instalment for RM300k house Malaysia Around RM1,300 per month
• Minimum salary if no commitments RM2,600 per month
• Realistic salary for most Malaysians RM3,500 – RM5,000 per month
• Upfront cash needed RM40,000 – RM50,000

So the realistic and most accurate answer to how much salary to buy RM300k house in Malaysia is:

You need around RM3,000 – RM5,000 salary depending on commitments and debt level.

How Much Salary to Buy 300K House in Malaysia? (Direct Answer)

You need around RM3,500–RM5,000 salary per month to buy a RM300k house in Malaysia. This is based on an estimated monthly instalment of RM1,300 and bank DSR limits of 40%–60%.

If you have zero commitments, the minimum salary is RM2,600, but most Malaysians with car loans, PTPTN, or credit card debts need RM4,000–RM5,000 to qualify. Upfront costs for a RM300k house usually come to RM40,000–RM50,000.

Other Article:

• What is CCRIS and How to Get CCRIS Report in Malaysia 2025?
• Housing Loan Document that you need! (Employed Edition)