• Personal Loan BYTES FROM OUR KITCHEN

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

    BSN MyRinggit-i SKAP (Super Klasik B) Personal Loan is a loan facility exclusively for the servants of Federal Government by BSN Bank. The loan facility comes with competitive profit rates that provides you with the financial flexibility you desire.

    Profit Rates

    • Profit rates for individuals with monthly salary ranging from RM2,500 to RM5,000:
    Loan Tenure Processing Fee Profit Rate
    2-10 years No processing fee 4.75% p.a.
    • Profit rates for individuals with monthly salary more than RM5,000:
    Loan Tenure Processing Fee Profit Rate
    2-10 years No processing fee 4.50% p.a.

    Benefits & Features

    • With this loan facility, you can apply for funds up to RM200,000.
    • The facility comes with a profit rate of as low as 4.50% p.a.
    • You can choose for the repayment tenures from a range of 2 to 10 years with this financing facility.
    • The requirement of a guarantor at the time of application depending on the nature of employment type.
    • You can choose to make the repayments through easy payment modes like salary deduction from the bank account where the salary is being credited.

    Fees and charges

    Fee type Fee details
    Processing fee No charge.
    Late Payment charges (Before the maturity date) Late payment charges before the facility matures are calculated using the following formula: (Overdue instalment amount x 1% x number of days the instalment is overdue for)/365.
    Late Payment charges (After the maturity date) After the loan facility matures, the late payment charges are calculated using the formula below: (Total due principal x IIMM% x No. of days the amount is overdue for)/365
    Early Termination Fee Early termination fee may be charged in accordance with the bank’s discretion.
    Stamp Duty 0.5% of the total approved financing amount as per the Stamp Duty Act 1949.
    Wakalah or Will Fee RM530.
    Contribution of Cash Protection-i Scheme RM318.
    Takaful contribution coverage The takaful coverage contribution depends upon the age of the applicant, the loan amount approved, and the tenure chosen.

    Where IIMM = Islamic Interbank Money Market

    Eligibility Criteria

    • Eligibility criteria for the applicants:
      • Nationality criteria: The applicant must be a Malaysian citizen.
      • Age criteria:
        • Minimum age: The applicant must be at least 21 years old at the time of application.
        • Maximum age: The applicant must not be older than 60 years (or his/her retirement age) at the time of the end of the maturity.
      • Income criteria: The applicant must have an income of RM30,000 p.a. or above.
      • Employment criteria: The applicant must be a permanent employee of Federal Government with at least 3 months in service or an employee on contract basis with a minimum of 12 months in service.
      • The applicant must be a BSN Giro/i account holder.
    • Eligibility criteria for the guarantor:
      • Nationality criteria: Malaysian citizen.
      • Age criteria:
        • Minimum age: 21 years old or older at the time of application.
        • Maximum age: The age of the guarantor must not exceed his/her retirement age, or should not be older than 58 years at the time of maturity of the loan facility.
      • Income criteria: A minimum income of RM30,000 p.a.
      • Employment criteria: The applicant must be an employee of Federal Government with at least 6 months in service.
      • The guarantor should be an active BSN Giro/i account holder.

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

    For the applicants:

    • A copy of NRIC (both front as well as back page), and
    • Latest 2 months’ salary slips’ copies, and
    • Employment confirmation letter
    • The authorisation letter of salary deduction (BSN 09-D).

    For the guarantor:

    • A copy both front as well as back side of NRIC, and
    • Last 2 months’ salary slips’ copies, and
    • Employment confirmation letter
    • Letter of authorisation for salary deduction (BSN 09-D)

    How to apply for BSN MyRinggit-i SKAP (Super Klasik B) Personal Loan?

    • Offline application: The BSN MyRinggit-i SKAP (Super Klasik B) Personal Loan application process can be completed at the nearest BSN Bank’s branch. You can also choose to reach out to the bank through the bank’s hotline number where you can put in your request for the loan.
    • Online Application: The BSN MyRinggit-i SKAP (Super Klasik B) Personal Loan approval can also be approached through online application. This requires the applicants to fill up the form with necessary details and upload the supporting documents.

    FAQs

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

      A. You can apply for a minimum of RM5,000 through BSN MyRinggit-i SKAP (Super Klasik B) Personal Loan.

    2. Q. Should I get a collateral for the application process?

      A. The requirement of the guarantor is subjective and depends upon the nature of employment. If you’re a permanent employee of the Federal Government, you don’t need to bring a guarantor for the application process. Whereas, the employees working on a contract basis need to have a guarantor present at the time of application.

    3. Q. Can I fully pay the whole loan amount before the maturity date?

      A. Yes. You can opt for settling the loan amount before the maturity of the loan facility. You need to provide the bank with a prior written notice in such a case.

    4. Q. Is there any benefit if I choose to settle the entire loan amount before the maturity date?

      A. Yes. You are eligible to earn rebate in form of Ibra if you choose to settle the entire loan amount before the maturity date of the loan facility.

    5. Q. Is it mandatory to get the takaful coverage with this loan?

      A. No. It’s optional to get the takaful coverage. However, it is highly recommended for you to acquire the takaful coverage as it covers your outstanding loan amount in the unfortunate event of death or total permanent disability.

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