Cash woes? A personal loan to the rescue!

    BSN MyRinggit-i SKAN (Super Klasik B) Personal Loan

    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.

    Profit Rates

    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
    Debt Consolidation No
    Islamic/Conventional Islamic
    Approval Duration Not specified by BSN
    Takaful Coverage Optional
    Government Servant? Yes (State government department employees)


    • BSN offers the loan on a flat rate basis and it is an unsecured type of personal financing plan.
    • A borrower is allowed to make early settlement of his loan by sending a prior notice to the bank.
    • An applicant does not need to provide a collateral at the time of applying for the loan.
    • A contractual employee or temporary staff who is employed for more than 12 months is required to provide a guarantor. Other applicants do not need to provide a guarantor.
    • Minimum financing amount for the BSN MyRinggit-i SKAN (Super Klasik B) scheme is RM5,000 and it can go up to RM200,000.
    • The loan tenure ranges from 2 years up to 10 years.

    Fees and Charges

    Stamp Duty As per the Stamp Duty Act 1949 (revised 1989)
    Will RM530
    Takaful Would be based on financing amount, tenure and age of the applicant
    Cash Protection-i Scheme RM318
    Processing Fee None
    Advance Payment Yes (amount equal to 2-month instalment payment)

    Penalty Charges

    Late Payment Before the maturity date: 1% of the total outstanding dues After the maturity date: IIMM rate based on the total outstanding dues
    Early Settlement None

    Eligibility Criteria

    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)

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

    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)

    How to Apply for this loan?

    Application process for the personal loan scheme involves the following:

    • Offline application: A borrower can apply for the loan by walking to the nearest BSN branch and requesting for the application form. The duly filled form must be submitted at the branch along with the supporting documents
    • Online Application: An application form is available on the official website of BSN. A borrower can download the printed form and complete his application process as directed.


    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

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