The personal financing scheme BSN MyRinggit-i BPA (Super Klasik B) offers lower interest rates to the government servants and employees of statutory bodies. The scheme is designed for the employees who have a monthly income over RM2,500. The personal loan scheme is based on the Shariah principle of Tawarruq.
|Loan Amount||Loan Tenure||Minimum Annual Income||Profit Rate|
|RM5,000 to RM200,000||2 years to 10 years||RM30,000||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?||For employees of statutory bodies and government servants|
|Stamp Duty||As per Stamp Duty Act 1949 (Revised 1989)|
|Advance Payment||Equal to two months instalment amount|
|Takaful||As per the loan tenure, amount and age of borrower|
|Early Settlement||As per imposed by BSN|
|Late Payment||Before the end of facility period: 1% of the total outstanding amount After the end of the facility period: Based on IIMM rate on the total outstanding amount|
|Age||Minimum 21 years to maximum 60 years (age at time of maturity date)|
|Employment||Employees with salary deduction through BPA Temporary staff: Minimum 12 months completed in service Permanent staff: Minimum 3 months completed in service|
|Minimum Income||RM2,500 each month|
|Guarantor/Collateral||Required for temporary staff|
|Linked Bank Account||BSN GIRO-i account|
|Salaried Applicants||Two copies of NRIC (both sides) Salary deduction via Biro Perkhidmatan Angkasa (BPA 1/79) authorisation letter from employer Two copies of latest pay slip Letter from employer confirming complete details of your employment|
Q. I am a temporary employee at a government office and I have been working there for more than 15 months. Do I need to present both a guarantor and a collateral to obtain the personal loan scheme?
A. Any temporary or contract based employee who has been employed for more than 12 months at a government organization or statutory body firm, needs to present a guarantor while applying for the loan. However, presenting collateral is not required.
Q. How to reach the customer care department of the BSN?
A. For any queries and doubts regarding the products, you can contact 1300 88 1900 / 03-2613 1900 or you can also write an email on firstname.lastname@example.org
Q. I am a government servant employed on a temporary basis. I have been working for less than 9 months with my company. Am I eligible to apply for this personal loan scheme?
A. As a temporary or contract based employee, if you have not been employed for more than 12 months, you cannot apply for the BSN MyRinggit-i BPA (Super Klasik B) personal loan scheme.
Q. What if I lack one of the required documents? Do I need to submit all the above given documents while applying for the loan?
A. Yes, all personal and employment related documents are mandatory to present for both the applicant and the guarantor. For further queries, please contact the call center.
Q. How is the maximum limit on my personal loan decided?
A. The maximum limit on the personal loan amount approved for the applicant is decided by the bank as per his/her salary/income.