• Personal Loan BYTES FROM OUR KITCHEN

    BSN ASB Personal Loan with floating rate

    BSN ASB Personal Loan with floating rate is a loan facility offered by BSN Bank. The personal loan comes with effective interest rates of as low as 4.65% p.a. The loan facility comes with flexible tenures to suit your needs and provides you high loan amounts.

    Interest Rates

    Loan Amount Loan Tenure Minimum Annual Income Floating Interest Rate
    RM10,000 to RM200,000 5 years to 30 years NA BR + 0.85% p.a. to BR + 1.25% p.a.

    Features

    Interest Rate BR + 0.85% p.a. to BR + 1.25% p.a.
    Minimum Loan Amount RM10,000
    Maximum Loan Amount RM200,000
    Loan Tenure 5 years to 30 years
    Islamic/Conventional Conventional
    Debt Consolidation No
    Insurance Coverage Optional
    Approval Duration Not specified
    Government Servant? No (For qualified ASB investors)

    Benefits

    • You can get a maximum loan amount of up to RM200,000 with this loan facility.
    • The facility lets you choose from a flexible range of tenures that has a maximum limit of 30 years.
    • You can make the payment of monthly instalments via easy payment methods such as BSN standing instruction.
    • The loan is calculated on a variable rate basis.
    • You don’t need a guarantor to accompany you for the application process.
    • You can buy ASB unit trust funds with the help of BSN ASB Personal Loan with floating rate.

    Fees and charges

    Stamp Duty As per the Stamp Duty Act 1949 (Revised 1989)
    Processing Fee None
    ASNB Certificate RM53 (each certificate)
    Will RM530
    Insurance Varies based on the loan tenure, amount, and the age of applicant
    Cash Shield Insurance RM318

    Penalty Charges

    Early Settlement None
    Late Payment 1% of the total outstanding due amount

    Eligibility Criteria

    Age 18 years to 65 years (at the end of loan tenure)
    Employment Qualified ASB investors
    Minimum Income NA
    Guarantor/Collateral ASB Unit certificate
    Linked Bank Account No

    What documents do i need to prepare for this loan application?

    Salaried Applicants Copy of NRIC (front and back) Copy of ASB passbook Latest salary slip (2 months) (All documents need to be certified by a BSN officer)
    Self-employed Applicants Copy of NRIC (front and back) Copy of ASB passbook Latest salary slip (3 months) (All documents need to be certified by a BSN officer)
    Pensioners Copy of NRIC (front and back) Copy of ASB passbook Latest salary slip (3 months for account where pension is credited) Copy of pension letter (All documents need to be certified by a BSN officer)
    Students Copy of NRIC (front and back) Copy of ASB passbook Latest salary slip (3 months for account where living allowance is credited) Copy of student card or matrix card Latest salary statement of parents or guardians who have permanent employment (2 months), or Latest salary statement of parents or guardians who are self-employed (3 months) (All documents need to be certified by a BSN officer)
    Customers with Payment Vouchers as Salary Proof Copy of NRIC (front and back) Copy of ASB passbook Latest payment vouchers (3 months) KYC memo (between EJ and customer) (All documents need to be certified by a BSN officer)

    How to apply for BSN ASB Personal Loan with floating rate?

    • Offline application: You can apply for loan at the nearest BSN branch where you need to fill the form with required details and submit it along with the supporting documents. Another way you can apply is by calling the bank’s helpline numbers and submitting your request telephonically.
    • Online Application: Another way to apply for BSN ASB Personal Loan with floating rate is to apply for it online on the bank’s web portal. You need to fill the application form available online with the necessary details and submit it with the documents required in order to get the loan approved.

    FAQs

    1. Q. What is the range of the loan amount I can apply for?

      A. You can apply for an amount ranging from RM10,000 to RM200,000 in multiples of RM1,000 through BSN ASB Personal Loan with floating rate.

    2. Q. What are the repayment tenure available with this facility?

      A. You can opt for repayment tenures from 5 to 30 years. Please note that the age of applicant at the time of end of the period should not exceed 65 years.

    3. Q. What is the procedure after I fill the application form and submit the supporting documents?

      A. The required documents will be certified by BSN’s officer before the process could go to the next step.

    4. Q. What if I choose to settle the whole loan amount any time before the maturity period of the loan? Will I have to pay any fee in such case?

      A. You are allowed to fully settle the entire loan amount at any time before the maturity of the loan facility. In such cases, you need to provide the bank with a written notice. The facility doesn’t have a lock-in period and doesn’t charge you with any fee in early settlement cases.

    5. Q. Do I necessarily have to get the will or insurance with this loan?

      A. No. It is optional to buy insurance or will with the loan. However it is recommended to opt for the insurance in case of emergencies.

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