Cash woes? A personal loan to the rescue!

    BSN Eksekutif-1 Personal Loan

    The BSN MyRinggit Eksekutif-1 is a scheme of personal financing that is exclusively designed to help executives meet their personal loan requirements at affordable fixed rates. This is an unsecured personal loan calculated on the basis of flat rate and it is granted to a BSN Giro or BSN-i account holder.

    Interest Rates

    Loan Amount Loan Tenure Minimum Income Interest/Profit Rate
    Up to RM200,000 Up to 10 years Minimum?gross income?of RM3,000 per month (for permanent staff) and Minimum RM10,000 (for contract staff) From 6% to 8.50% p.a.


    Interest Rate Starting at 6% p.a. (flat rate basis)
    Effective Rate NA
    Minimum Loan Amount RM10,000
    Maximum Loan Amount Up to 10x of monthly gross income or RM200,000 (whichever is lower) 
    Loan Tenure From 2 to 10 years 
    Islamic/Conventional Conventional
    Debt Consolidation NA
    Takaful Coverage Optional
    Approval Duration NA
    Government Servant? No


    • This personal financing is granted to permanent as well as contract based officers and employees who are permanent residents or citizens of Malaysia.
    • A customer can opt for an easy payment method such as the BSN Standing Instruction to make his repayments.
    • Minimum financing amount available under this scheme is RM10,000.
    • Maximum amount of personal finance obtained through the loan scheme is RM200,000 or 10x of monthly gross income of the applicant, whichever is lesser.
    • The financial tenure ranges from 2 years to 10 years.

    Fees and Charges

    Stamp Duty As per the Stamp Act 1949
    Processing Fee NA
    Disbursement and Miscellaneous Fee NA
    Goods and Services Tax (GST) 0%


    Early Settlement NA
    Late Payment Charges
    • Within the facility period - 1% p.a. of the due amount
    • After the facility period - BNM’s Islamic Interbank Money Market (IIMM) rate on the balance outstanding amount

    Eligibility Criteria

    Age Requirement 21 to 60 years
    Nationality Requirement Malaysian
    Employment Permanent and contract officers and staff with 3 years working experience The financing is only offered to employees of the following:
    • Government link companies
    • Statutory bodies
    • Multinational companies
    • PETRONAS group of companies
    • Selected private universities and colleges
    • Premier developer panels
    • Private hospitals
    • Licensed financial institutions
    • Telecommunication companies
    • Selected public listed companies in Main Market Bursa Malaysia (financial, property, technology, plantation, trading/service, industrial product, consumer sectors only)
    • Certified professionals including doctors, architects, accountants, and lawyers
    Minimum Income Requirement RM3,000 per month (permanent staff) RM10,000 per month (contract staff)
    Guarantor/Collateral Requirement No guarantor or collateral is required

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

    Applicants Payslips (latest 3 months)
    NRIC copy (both sides)
    EPF Statement (latest)
    Confirmation letter by employer with the following information:
    • Name and NRIC
    • Designation
    • Monthly income
    • Date of employment
    or Latest EA / EC Statement and latest e-filing form or any other documents that are verified by the Inland Revenue Board(LHDN)

    How to apply for this loan?

    A customer can apply for the BSN MyRinggit Eksekutif-1 in following ways:

    • Offline Application: He/she can visit the nearest branch of the BSN to apply personally for the personal financing. The application form must be duly filled and submitted alongside the required supporting documents.
    • Online Application: He/she can go to the online website of the BSN and click on ‘Apply For BSN MyRinggit’ button. The applicant needs to download and fill this form before submitting it to the concerned department.


    1. Q. Is early settlement of the loaned amount allowed? Will the bank charge me any fees if I decide to pay my dues before the lock-in period?

      A. There is no lock-in period imposed for the scheme. A customer can pay off his/her financed amount any time. He/she can carry out the early settlement by sending a written notice to the bank informing about the same in advance.

    2. Q. Can the bank debit money from my account if I do not settle the instalments of my personal financing amount?

      A. The bank may set-off or transfer the credit balance in your account maintained with the bank if you have any outstanding loan amount. The bank will inform you of this action by sending a prior notice to you.

    3. Q. My income is RM6,000. What amount of personal loan can be granted to me and what will be the interest rate for the same?

      A. For your income category, you will be granted a personal loan 7 times of your monthly gross income. The interest rate for your loaned amount will be 7% while you can choose the repayment tenures from 2 years up to 10 years.

    4. Q. I am an employee at a government listed firm. My work experience at the company is that of 2 years, can I apply for the BSN MyRinggit Eksekutif-1?

      A. BSN MyRinggit Eksekutif-1 personal financing is open to the permanent and contract based employees and staff that have minimum 3 years of working experience. By this criteria, you will not be eligible to obtain the loan as of now.

    5. Q. How are the late payment charges calculated?

      A. The bank will calculate the charges for the late payments as per the following formula:

      Monthly Instalments in Arrears × 1% × Number Of Days Overdue ? 365.

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