• Personal Loan BYTES FROM OUR KITCHEN

    BSN MyRinggit-i Eksekutif-1 Personal Loan

    BSN MyRinggit Eksekutif-1 Personal Loan is a loan facility by BSN Bank that offers funds on a flat rate basis. The facility follows the Shariah concept of Tawarruq that comprises of Wakalah and Bai Murabahah contracts.

    Interest Rates

    The following are the interest rates of the BSN MyRinggit-i Eksekutif-1 Personal Loan:

    Monthly income Profit Rate
    RM3,000-RM5,000 8.50% p.a.
    RM5,000-RM10,000 7.00% p.a.
    More than RM10,000 6.00% p.a.

    Benefits & Features

    • Through this personal loan facility, you can apply for a maximum loan amount of up to RM200,000.
    • The loan facility comes with flexible repayment tenures of up to 10 years.
    • You can make the repayment via easy payment modes like BSN standing instruction, IBG, ATM/CDM, and placing standing instructions on the salary crediting accounts from other financial institutions.
    • The facility comes with a fixed interest rate of as low as 6% p.a.
    • The loan facility doesn’t require a guarantor or a collateral.

    Fees and charges

    The fees and charges associated with BSN MyRinggit-i Eksekutif-1 Personal Loan are listed below:

    Fee type Fee details
    Handling and disbursement fee No charge
    Stamp Duty 0.5% of the total loan amount that is approved as per the Stamp Duty Act 1949
    Early settlement fee No charge
    Wakalah or Will Fee RM530
    Contribution of Cash Protection-i scheme RM318
    Advance Payment One monthly instalment needs to be paid as the advance payment
    Late Payment charges (Before maturity) Late payment charges within the facility period are calculated using the following formula: (Monthly instalment amount x 1% x number of days overdue)/365
    Late Payment charges (After maturity) Late payment charges after the facility period are calculated using the following formula: (Outstanding principal x IIMM% x number of days overdue)/365 Where IIMM = Islamic Interbank Money Market

    Eligibility Criteria

    • Age requirement for the applicants: 21 years or older at the time of application and not older than 60 at the maturity of the facility.
    • Income requirement: A minimum of RM36,000 p.a. for permanent staff and a minimum of RM120,000 p.a. for the staff working on contract basis.
    • BSN GIRO/i account holders can apply for this loan facility.
    • Employment requirement: Only the employees of select MNCs, GLCs, Premier Developer Panels, other select Public or Private companies, and Professionals like Doctors, Architects, Lawyers etc., can apply for the loan.
    • Applicants must have at least 3 years of working experience.

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

    • A copy of front and back page of NRIC, and
    • The latest EPF statement copy, and
    • Copies of latest 3 months’ salary slips, and
    • Latest EA/EC statement and e-filing form or any the document verified by LHDN, or
    • The confirmation letter from the employer that states the your name, NRIC, designation/position, monthly salary, and the date of employment.

    How to apply for BSN MyRinggit Eksekutif-1 Personal Loan?

    • Offline application: You can apply for the BSN MyRinggit-i Eksekutif-1 Personal Loan at the nearest BSN Bank’s branch. You need to fill the application form with the required details and submit it along 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: Another way of applying for the BSN MyRinggit-i Eksekutif-1 Personal Loan is through online application. You can save your time and effort by filling the form available online and uploading scanned copies of the required documents.

    FAQs

    1. Q. What is the minimum amount I can apply for through this facility?

      A. You can apply for a minimum of RM10,000 through BSN MyRinggit-i Eksekutif-1 Personal Loan.

    2. Q. My monthly salary is RM12,000. What is the maximum loan amount can I apply for?

      A. You can apply for a maximum of RM120,000 with this facility. To have a better understanding of loan amount under BSN MyRinggit-i Eksekutif-1 Personal Loan, please refer to the table below:

    3. Monthly Income Loan Limit
      RM3,000 to RM5,000 Can apply for up to 5 times the monthly income
      RM5,000 to RM10,000 Can apply for a maximum of 7 times the monthly income
      More than RM10,000 10 times the monthly income or RM200,000, whichever is lower
    4. Q. Can I get a 1-year repayment tenure with this facility?

      A. No. The minimum tenure is 2 years. However you can choose to settle the loan amount before the dedicated repayment period.

    5. Q. What kind of charges do I have to bear if settle the loan amount fully before the maturity date?

      A. You won’t be charged with any early settlement fee. Also, you can earn a rebate (Ibra) in such cases.

    6. Q. Is the takaful coverage mandatory with this loan facility? How much will it charge if I opt for it?

      A. No. It is optional to take the takaful coverage. However it is recommended to opt for the takaful coverage. The coverage however varies in accordance with age, tenure, and the financing amount.

    7. Q. Is it mandatory to opt for will and cash protection scheme?

      A. No. It’s optional to choose the will and cash protection service.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.