BSN MyRinggit-i SKAN (Super Klasik B) Personal Loan is offered with competitive profit rates to government staff. The scheme operates on the Sharia 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.|
|Loan Tenure||2 years to 10 years|
|Minimum Loan Amount||RM5,000|
|Maximum Loan Amount||RM200,000|
|Approval Duration||Not specified by BSN|
|Government Servant?||Yes (State government department employees)|
|Stamp Duty||As per the Stamp Duty Act 1949 (revised 1989)|
|Takaful||Would be based on financing amount, tenure and age of the applicant|
|Cash Protection-i Scheme||RM318|
|Advance Payment||Yes (amount equal to 2-month instalment payment)|
|Late Payment||Before the maturity date: 1% of the total outstanding dues After the maturity date: IIMM rate based on the total outstanding dues|
|Age||21 years to 60 years (retirement age at the end of loan tenure)|
|Employment||For state government department employees Permanent staff: In service for more than 3 months Temporary staff: In service for more than 12 months|
|Minimum Income||RM2,500 each month|
|Linked Bank Account||BSN Giro-i account|
|Guarantor/Collateral||Yes (Only for temporary staff)|
|Salaried Applicants||Photocopy of NRIC (both sides) Latest pay slip (1 month for floating profit rate and 2 months for fixed profit rate) Letter from employer confirming age, designation, retirement age, employment age, and salary Letter of authorisation of salary deduction (BSN 09-D)|
Application process for the personal loan scheme involves the following:
Q. I am working in the Tourism Department of the state government for over 2 years now. Am I eligible to apply for the personal finance?
A. If you are a permanent employee, you can easily apply for the loan. In this case, you do not need to present a guarantor or collateral.
Q. My contact details and my residential address has changed. Where should I inform about the new address?
A. You can inform your bank by writing an official email or you can also contact to the nearest branch and enquire about the updating procedure. You can also reach the customer care on 1300881900.
Q. What is the amount of stamp duty that I need to pay to process the BSN MyRinggit-i SKAN (Super Klasik B)?
A. The stamp duty that a customer needs to pay while applying for the loan is determined by the bank according to the Stamp Duty Act of 1949. You will be informed about the amount by the officials while processing your application.
Q. Is takaful or insurance coverage compulsory to obtain the personal financing?
A. In this plan, having an insurance coverage is an optional condition to obtain the loan. However, it is encouraged by the bank to have one. If a customer decides to obtain an insurance from the bank, the fees for that will be based upon your loan amount and tenure.
Q. Is early settlement chargeable?
A. If a customer opts for early settlement of his loaned amount, the bank reserves the right to charge any fees for early settlement.