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.
|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.|
|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|
|Approval Duration||Not specified|
|Government Servant?||No (For qualified ASB investors)|
|Stamp Duty||As per the Stamp Duty Act 1949 (Revised 1989)|
|ASNB Certificate||RM53 (each certificate)|
|Insurance||Varies based on the loan tenure, amount, and the age of applicant|
|Cash Shield Insurance||RM318|
|Late Payment||1% of the total outstanding due amount|
|Age||18 years to 65 years (at the end of loan tenure)|
|Employment||Qualified ASB investors|
|Guarantor/Collateral||ASB Unit certificate|
|Linked Bank Account||No|
|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)|
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.
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.
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.
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.
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.