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

    For income less than RM5,000:

    Loan Tenure Processing Fee Profit Rate
    2-10 years No fee charged 4.75% p.a.

    For income more than RM5,000:

    Loan Tenure Processing Fee Profit Rate
    2 to 10 years No fee charged 4.50% p.a.

    Features and Benefits

    • 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

    Type of fee Amount
    Processing fee No fee is charged
    Late payment fee 1% p.a. of the amount due
    Early termination fee As per the bank’s discretion
    Will fee RM530 (if any)
    Contribution of Cash Protection-i Scheme (optional) RM318
    Stamp duty As per the Stamp Duty Act 1949 (Revised 1989)
    Takaful Contribution Coverage fee Decided by age, tenure and amount financed
    Advance payment Equivalent to 2 months of monthly instalment

    Eligibility Criteria

    Eligibility criteria for an applicant:

    • Nationality Criterion: Malaysian citizen.
    • Minimum age: 21 years.
    • Maximum age: 60 years. (At the maturity of the loan)
    • He/she has to be a state government department employee with an active salary account under the State Treasury or Finance Department.
    • Minimum monthly income of an applicant should be RM2,500.
    • He/she has to be a permanent employee who has salaried/worked with the company for at least 3 months at the time of application.
    • He/she should be a BSN GIRO or BSN-i account holder.

    Eligibility criteria for a guarantor:

    • Nationality criterion: Malaysian
    • Minimum age: 21 years
    • Maximum age: 58 years
    • The employee of federal government or state government departments should have a maintained salary account under the Treasury or State Finance.
    • The guarantor needs to have completed the employment of more than 6 months.
    • His/her minimum basic salary should be RM2,500 each month.
    • The guarantor should be a BSN GIRO or BSN-i account holder.

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

    For an applicant:

    • A copy of the NRIC (both front and back sides)
    • Confirmation letter by the employer
    • Last 2 months’ salary slips
    • Salary Deduction Authorisation Letter (BSN 09-D)

    For a guarantor:

    • A copy of a guarantor’s NRIC (both front and back side)
    • Last 2 months’ salary slips/details
    • Confirmation letter by the employer
    • Date of Retirement
    • Salary Deduction Authentication Letter (BSN 09-D)

    How to Apply for BSN MyRinggit-i SKAN (Super Klasik B) Personal 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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