Cash woes? A personal loan to the rescue!

    BSN MyRinggit SKAN (Klasik) Personal Loan

    BSN MyRinggit SKAN (Klasik) Personal Loan is an ideal personal loan facility for the employees of State Government Department. The facility provides the financial flexibility to individuals by providing them with easy and fast funds with low interest rates.

    Profit Rate

    Loan Amount Loan Tenure Minimum Annual Income Profit Rate
    RM5,000 to RM200,000 2 years to 10 years RM18,000 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)


    • You can apply for funds of up to RM200,000 with this personal financing facility.
    • The facility comes with repayment tenures of up to 10 years.
    • You can get funds at interest rates as low as 4.50% p.a.
    • You can make the repayments through easy payment methods like salary deduction from the salary crediting account.
    • The permanent employees don’t need a guarantor to get this loan approved.
    • The employees working on contract basis need to be accompanied with a guarantor along with themselves at the time of application.

    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 RM1,500 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 BSN MyRinggit SKAN (Klasik) Personal Loan

    • Offline application: You can walk into the nearest BSN Bank’s branch and apply for the loan. The application form available needs to be filled with the necessary details and needs to be submitted along with the supporting documents for both applicants as well as for the guarantor (if applicable). Another option to apply for BSN MyRinggit SKAN (Klasik) Personal Loan is to put in your request telephonically by calling the bank’s helpline numbers.
    • Online Application: You can also choose to apply for BSN MyRinggit SKAN (Klasik) Personal Loan on the BSN Bank’s web portal. You need to fill up the application form that is available online and upload the supporting documents for both applicants as well as for the guarantor along with it.


    1. Q. I need a loan of RM300,000. Can I apply for this amount through the loan facility?

      A. No. You can apply for a range of RM5,000 to RM200,000 through this loan facility.

    2. Q. What is the minimum repayment period one can choose for?

      A. You can opt for a minimum of 2 years of the repayment tenure with this loan facility.

    3. Q. I’m set to retire in next 4 years. What is the maximum repayment tenure I can apply for?

      A. The maximum tenure you can opt for is four years. As the applicant should not exceed his/her retirement age by the time this facility matures.

    4. Q. What happens when I decide to settle the full loan amount before the facility’s maturing date?

      A. You can opt to fully settle the loan amount at any time before the maturity date. In order to do the same, you just need to provide the bank with a written notice prior to the early settlement of the loan.

    5. Q. Should I opt for cash shield insurance and will with this loan facility?

      A. Although it’s not absolutely mandatory to opt for either of these two options with this loan, it is highly recommended to get the insurance on the loan.

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