Cash woes? A personal loan to the rescue!

    BSN MyRinggit-i BPA (Klasik) Personal Loan

    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.

    Profit Rates

    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
    Islamic/Conventional Islamic
    Debt Consolidation No
    Takaful Coverage Optional
    Approval Duration Not specified
    Government Servant? Yes (Government servants, employees of statutory bodies and selected organisations)


    • This is a form of unsecured personal financing and it is calculated on a flat rate basis.
    • The financing plan specifically caters to government service employees and statutory bodies’ staff.
    • The applicants who are allowed salary deduction from their employer via BPA can acquire the personal loan.
    • RM5,000 is the minimum loan amount available through this scheme.
    • The maximum loan amount available through the scheme is RM200,000.
    • No lock-in period is imposed on the customer in this scheme of personal financing.
    • A customer is not required to present collateral to obtain this loan facility.
    • A guarantor is required only if the applicant is a temporary or a contractual employee who is serving for more than 12 months.
    • A personal financing tenure from 2 years to 10 years as per the loaned amount is permitted to a customer.

    Fees and Charges

    Stamp Duty As per the Stamp Duty Act 1949 (Revised 1989)
    Processing Fee None
    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

    Penalty Charges

    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

    Eligibility Criteria

    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)

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

    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

    How to apply for BSN MyRinggit-i BPA (Klasik) Personal Loan?

    • Offline Application: Applicants can visit the nearest BSN branch and apply for personal financing. An applicant needs to submit all the mandatory documents along with the duly filled application form.
    • Online Application: The official website of BSN has a facility to apply for BSN MyRinggit-i BPA (Klasik) Personal Loan scheme on its product page. An applicant can click on the ‘Apply Now/Apply For’ tab seen on the website and can follow the procedure given on the site.


    1. 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

    2. 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.

    3. 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

    4. 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.

    5. 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.

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