BSN MyRinggit-i BPA (Klasik) Personal Loan is based on the (Islamic) Shariah concept of Tawarruq. The personal loan scheme is carefully crafted for government servants and employees of statutory bodies who are in need of monetary assistance.
|Loan Amount||Loan Tenure||Minimum Annual Income||Profit Rate|
|RM5,000 to RM200,000||2 years to 10 years||RM18,000||Fixed Rate: 4.60% p.a. to 4.75% p.a. Floating Rate: BR + 3.22% p.a. to BR + 3.77% p.a.|
|Profit Rate||Fixed Rate: 4.60% p.a. to 4.75% p.a. Floating Rate: BR + 3.22% p.a. to BR + 3.77% p.a.|
|Effective Profit Rate||7.32% p.a. to 7.87% p.a.|
|Minimum Loan Amount||RM5,000|
|Maximum Loan Amount||RM200,000|
|Loan Tenure||2 years to 10 years|
|Approval Duration||Not specified|
|Government Servant?||Yes (Government servants, employees of statutory bodies and selected organisations)|
|Stamp Duty||As per the Stamp Duty Act 1949 (Revised 1989)|
|Advance Payment||Equivalent to sum of two monthly instalments|
|Will (if applicable)||RM530|
|Takaful||Based on the age of applicant, loan amount, and loan tenure|
|Cash Protection-i (optional)||RM318|
|Early Settlement||Based on charges imposed by BSN|
|Late Payment||1% of the overdue amount before the maturity date Equivalent to IIMM rate on the overdue amount after the maturity date|
|Age||21 years to 60 years (at the end of loan tenure)|
|Employment||Employees of the government and statutory bodies (with salary deduction through BPA) Permanent employees (working for more than 3 months) Temporary employees (working for more than 12 months)|
|Minimum Income||RM1,500 and above every month|
|Guarantor/Collateral||For temporary employees (must be working for more than 12 months)|
|Linked Bank Account||Yes (BSN Giro/i account)|
|Salaried Applicants||Two copies of NRIC (front and back) Two copies of latest salary slip Authorisation letter of salary deduction through Biro Perkhidmatan Angkasa (BPA 1/79) Letter from employer confirming complete details of employment|
Q. I have few queries regarding the personal financing scheme. How can I reach the customer care department?
A. To address any query regarding the product, you can call on- 1300 88 1900 / 03-2613 1900 or you can also write an email to the bank on email@example.com
Q. I am a permanent employee at a government department in Malaysia. Do I need to present a guarantor or collateral to obtain the loan?
A. If you are a permanent employee who has completed the tenure of 3 months with the department of government, you do not need to present any guarantor or collateral.
Q. How are the late payment charges calculated?
A. The formula to calculate the late payment fees is as follows:
Within the Facility Period:
Overdue instalment(s) x 1% x No. of overdue day(s) / 365
After Completion of the Facility Period:
Outstanding principal x IIMM (Islamic Interbank Money Market) x No. of overdue day(s) / 365
Q. Can a guarantor be aged just below 60 years at the time of the maturity of the applicant’s tenure?
A. As per the eligibility criteria for the product, a guarantor’s age should be less than 55 years upon completion of customer’s loan tenure. A candidate who would be aged more than that at the end of the chosen tenure will not be eligible as a guarantor.
Q. What is the mode of payment for the BSN MyRinggit-i BPA (Klasik) Personal Loan?
A. The mode of payment is via Biro Perkhidmatan Angkasa.