Cash woes? A personal loan to the rescue!

    BSN MyRinggit Eksekutif-1 Personal Loan with floating rate

    BSN MyRinggit Eksekutif-1 Personal Loan with floating rate is a loan facility by BSN Bank that provides you with funds for personal uses. This facility comes with affordable interest rates and high loan amounts. This personal loan offers easy and affordable repayment tenures that provide you the financial flexibility that you desire.

    Interest Rates

    The interest rates of the BSN MyRinggit Eksekutif-1 Personal Loan with floating rate are listed below:

    Loan Amount Loan Tenure Minimum Annual Income Interest Rate
    RM5,000 to RM200,000 2 years to 10 years

    Minimum?gross income?of RM3,000 per month (for permanent staff)

    Minimum RM10,000 (for contract staff)

    4.10% p.a. (BR) + 5% p.a.


    Interest Rate 4.10% p.a. (BR) + 5% p.a.
    Effective Rate 9.10% p.a.
    Min. Loan Amount RM5,000
    Max. Loan Amount RM200,000
    Loan Tenure 2 years to 10 years
    Islamic/Conventional Conventional
    Debt Consolidation No
    Takaful/Insurance Coverage  Optional
    Approval Duration Not specified
    Government Servant? No


    • You can get a loan of up to 10 times of your gross monthly income or a maximum of RM200,000 through BSN MyRinggit Eksekutif-1 Personal Loan with floating rate.
    • You can choose to repay the loan amount over a tenure of up to 10 years with this loan facility.
    • The repayment for the loan can be made through easy payment methods like BSN standing instruction.
    • You don’t need to be accompanied with a guarantor in order to get this loan.
    • The loan facility comes with a variable interest rate range.

    Fees and charges

    Stamp Duty As per the Stamp Duty Act 1949
    Processing Fee None
    Advance Payment Equal to one-month instalment amount
    Will Fee RM500
    Cash Shield Insurance RM300

    Penalty Charges

    Early Settlement No
    Late Payment Charges
    • Within the tenure - 1% p.a. of the due amount
    • After the tenure - BNM’s Islamic Interbank Money Market’s (IIMM) rate on the balance outstanding amount

    Eligibility Criteria

    Age Requirement 21 to 60 years
    Employment Permanent or contract professionals employed for more than 1 year Employees of
    • Government Link Company (GLC)
    • Government Link Agency (GLA)
    • Multinational Corporation
    • Public Listed Company
    • Any organisations/companies as listed by BSN
    Nationality Requirement Malaysian
    Minimum Income Requirement Permanent Employees: RM3,000 each month Contract Employees: RM10,000 each month
    Guarantor/Collateral Requirement Guarantor/Collateral is not applicable
    Should I have linked bank account? Yes. BSN GIRO account

    What Documents Do I Need to Prepare for this Loan Application?

    Applicants Salary slips (latest 3 months)
    NRIC copy (both front and back)
    EPF Statement (latest)
    Confirmation letter by employer with the following information:
    • Name and NRIC
    • Job title
    • Monthly salary
    • 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 ?

    • Offline application: The application for the BSN MyRinggit Eksekutif-1 Personal Loan with floating rate can be made at the nearest BSN Bank’s branch where you need to fill up the application form with required details and present it with the supporting documents. The request can also be made telephonically where you can reach the bank’s representatives through the bank’s helpline number.
    • Online Application: If you wish to save the time and efforts of going to the bank’s branch physically, you can also opt to apply for BSN MyRinggit Eksekutif-1 Personal Loan with floating rate online. The form available online needs to be filled with necessary details and submitted along with the supporting documents.


    1. Q. How much amount one can apply for through this facility?

      A. You can apply for a range of amount starting from RM5,000 to a maximum limit of RM200,000. Please note that the amount one can apply for depends upon one’s monthly gross income.

    2. Q. My monthly salary is RM9,000. How much loan amount can I apply for?

      A. You can apply for a maximum of RM63,000 with this facility, depending upon your gross monthly income. Please refer to the table below for a better understanding of loan amount under BSN MyRinggit Eksekutif-1 Personal Loan with floating rate:

      Monthly Income Loan Limit
      RM3,000 to RM5,000 5 times the monthly income
      RM5,000 to RM10,000 7 times the monthly income
      More than RM10,000 10 times the monthly income or RM200,000, whichever is lower
    3. Q. What is the next step of the process after I submit the form with all the details and the required documents?

      A. All the copies of your documents will first be certified by the BSN’s officer before the application gets approved.

    4. Q. Can I settle the amount before it matures? What charges do I have to bear in such cases?

      A. You can choose to fully settle the loan amount any time before the maturity date. The bank will not impose any lock-in period or an early settlement fee. You just have need to provide the bank with a written notice in such cases.

    5. Q. Is it necessary to buy the insurance with the loan?

      A. No. It is not mandatory to buy the insurance with your loan. However it is recommended to have your loan insured.

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