• 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

    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.

    Features

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

    Benefits

    • 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

    Stamp Duty As per the Stamp Duty Act 1949 (revised 1989)
    Processing Fee None
    Advance Payment None
    Will RM530
    Takaful Would differ based on age of loan applicant, loan tenure and loan amount
    Cash Protection-i Scheme RM318

    Penalty Charges

    Early Settlement None
    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

    Eligibility Criteria

    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

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

    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

    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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