Cash woes? A personal loan to the rescue!

    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.

    Profit Rates

    Loan Amount Loan Tenure Minimum Income Interest/Profit Rate
    RM10,000 to RM200,000 2 years to 10 years
    • Minimum?gross income?of RM3,000 per month (for permanent staff)
    • Minimum RM10,000 per month (for contract staff)
    From 6% to 8.50% p.a.


    Profit Rate 6.00% p.a. to 8.50% p.a.
    Minimum Loan Amount RM10,000
    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


    • 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

    Stamp Duty As per Stamp Duty Act 1949 (Revised 1989)
    Processing Fee None
    Disbursement and Miscellaneous Fees None
    Will RM530 (if applicable)
    Takaful Based on loan amount, tenure and age of applicant
    Contribution to Cash Protection-i RM318

    Penalty Charges

    Early Settlement Not specified
    Late Payment

    Before tenure ends: 1% of the total outstanding amount

    After tenure ends: Equivalent sum to BNM’s IIMM rate (Islamic Interbank Money Market) on the outstanding amount

    Eligibility Criteria

    Age 21 years and above Maximum 55 or 6 years at the end of loan tenure
    Employment Only for employees of Premier Developer Panels, Telecommunication Companies, Multinational Companies, Private Hospitals, PETRONAS Group of Companies, Licensed Financial Institutions, Statutory Bodies, Selected Public Listed Companies in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading/ Service, Industrial Product, Consumer Sectors only), Selected Private Universities & Colleges, Government Link Companies, and Professionals (Doctors, Architects, Lawyers, Accountants, and other certified Professionals)
    Minimum Income Permanent staff: RM3,000 per month Contract staff: RM10,000 per month
    Guarantor/Collateral No
    Linked Bank Account Yes (BSN Giro/i account)

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


    Copy of NRIC (front and back)

    Latest salary slips (3 months)

    Latest EPF statement

    Confirmation letter from employer, or

    Latest EC/EA statement with e-filing or any verified receipts by LHDN

    How to Apply?

    • 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.


    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.

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