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.
|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.|
|Minimum Loan Amount||RM5,000|
|Maximum Loan Amount||RM200,000|
|Loan Tenure||2 years to 10 years|
|Approval Duration||Not specified|
|Government Servant?||Yes (Federal government employees)|
|Stamp Duty||As per the Stamp Duty Act 1949 (revised 1989)|
|Takaful||Would differ based on age of loan applicant, loan tenure and loan amount|
|Cash Protection-i Scheme||RM318|
|Late Payment||Before the end of loan tenure: 1% of the total outstanding amount After the end of loan tenure: IIMM rate based on the total outstanding amount|
|Age||21 years to 60 years (at the end of loan tenure)|
|Employment||For federal government employees Permanent employees: More than 3 months in service Temporary employees: More than 12 months in service|
|Minimum Income||RM2,500 per month|
|Guarantor/Collateral||Yes (Only for temporary employees)|
|Linked Bank Account||BSN Giro-i account|
|Salaried Applicants||Photocopy of NRIC (both sides) Letter of authorisation of salary deduction (BSN 09-D) Latest pay slip (1 month for floating profit rate and 2 months for fixed profit rate) Letter from employer confirming full details of the employment|
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.
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.
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.
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.
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.