Kuala lumpur: The Housing and Local Government Ministry (KPKT) has approved 941 loan applications worth RM18.8 million under the Terengganu People's Housing Loan Scheme (SPPRNT) from 2002 to February this year. The announcement was made by the ministry's secretary-general, Datuk Dr M Noor Azman Taib.
According to BERNAMA News Agency, 776 borrowers have fully settled their loans, while 165 remain active borrowers. SPPRNT was established in 2002 through a trust account under the Financial Procedure Act 1957 to assist low-income groups in Terengganu in securing housing financing. The scheme provides housing loans for low-income residents of Terengganu to build new homes, purchase low-cost completed or under-construction houses, or renovate existing homes.
The scheme was managed by KPKT using RM20 million from the Federal Government Special Fund, designated exclusively for Terengganu. The recent ceremony at Wisma Darul Iman marked the signing of the SPPRNT Deed of Assignment between KPKT and the Terengganu state government, with state secretary Datuk Mohd Azmi Mohamad Daham representing the state government.
M Noor Azman stated that discussions regarding the takeover of the scheme had been ongoing since 2011, involving various parties and administrative levels. The transfer includes the SPPRNT programme, covering liabilities and the accumulated balance in the trust account amounting to about RM23.81 million. KPKT transferred the full amount effective March 11, 2026, into the SPPRNT trust account established by the state government following the signing of relevant documents.
Additionally, KPKT handed over 165 active borrower files, along with 151 land title documents previously pledged to the federal government, on April 29, 2026. M Noor Azman expressed confidence that the scheme would be managed effectively by the Terengganu Economic Development Corporation for the benefit of the people.
The handover signifies the official transfer of management, funds, obligations, and liabilities of the scheme from the federal government through KPKT to the Terengganu state government. Coordinated since 2012, the takeover involves about RM23.8 million and is expected to enhance the state's housing financing initiatives under the Terengganu Housing Financing Scheme (i-RAHMAN).
The scheme's focus is on financing home construction on owned land through the Rumah Mesra Rakyat Darul Iman (RMR RAHMAN) and Rumah Mampu Milik Atas Tanah Sendiri (RAHMAT) programmes. RMR RAHMAN is a collaboration with Syarikat Perumahan Negara Berhad (SPNB) for the B40 group, while RAHMAT is a state programme for B40 and M40 groups, targeting Terengganu residents with land who have yet to own a home.