BSN MyRinggit SKAN (Super Klasik B) Personal Loan

    BSN MyRinggit SKAN (Super Klasik B) is a personal loan scheme that is designed exclusively for State Government Department employees who have minimum monthly income of RM2,500. This personal financing program offers extra funds to borrowers at a lower interest rate in comparison to other schemes.

    Interest Rate

    Income Interest Rate Loan Tenure
    RM2,500 to RM5,000 4.75% p.a. 2 years to 10 years
    More than RM5,000 4.50% p.a. 2 years to 10 years

    Benefits and Features

    • It is an unsecured personal financing scheme.
    • The loan is offered on a flat rate basis.
    • There is no lock-in period imposed on the scheme.
    • Early settlement is allowed by sending a prior written notice to the bank.
    • A customer does not need to present collateral at the time of applying for the loan.
    • Only a contractual employee or temporary staff who is employed for more than 12 months needs to provide a guarantor.
    • Minimum financing amount available is RM5,000.
    • An applicant can obtain a personal loan amount of up to RM200,000 via the scheme.
    • The loan tenure can scale from a minimum of 2 years up to 10 years.

    Fees and Charges

    Fee type Fee details
    Stamp Duty As per the Stamp Duty Act 1949 (Revised 1989)
    Insurance (optional) Depends upon age, amount loaned and income
    Early Settlement Fee As per the bank’s discretion
    Late Payment Fee 1% p.a. of the unsettled amount
    Advance Payment Equivalent to 2 months of monthly instalments
    Will Fee (if any) RM530
    Cash Shield Insurance (optional) RM318

    Eligibility Criteria

    Eligibility of an applicant:

    • An applicant must be a Malaysian citizen.
    • Minimum age of the applicant should be 21 years old.
    • He/she should not be more than 60 years old at the time of the maturity of the financing period.
    • Applicants must be a State Government Department employee with a salary account maintained under the State Treasury or Finance Department.
    • The applicant’s minimum monthly income should be RM2,500.
    • He/she needs to be a permanent employee who has salaried/worked for at least 3 months at the time of application.
    • He/she should be a BSN GIRO or BSN-i account holder.
    • Temporary or contract based employees who have more than 12 months of working experience need to provide a guarantor.

    Eligibility of a guarantor:

    • A guarantor needs to be a Malaysian citizen.
    • His/her minimum age should be 21 years.
    • He/she should not be more than 58 years old at the time of the maturity of the applicant’s loan tenure.
    • Guarantors must be an employee of Federal Government or State Government Departments and should have a maintained salary account under the Treasury or State Finance.
    • The guarantor has to be employed for more than 6 months.
    • His/her minimum basic salary should be RM2,500 per 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 applicant’s NRIC (both front and back sides)
    • Employment confirmation letter
    • Last 2 months’ salary slips
    • Salary Deduction Authorisation Letter (BSN 09-D)

    For a guarantor:

    • A draft of a guarantor’s NRIC (both front and back side)
    • Last 2 months’ salary slips
    • Employment confirmation letter
    • Date of Retirement Salary Deduction Authentication Letter (BSN 09-D)

    How to Apply for this loan?

    • Offline Application: A customer can visit to the nearest BSN branch to apply for the loan scheme. The duly filled application form must be submitted along with the required supporting documents.
    • Online Application: A customer can also file an online application by clicking on the “Apply for BSN MyRinggit” tab on the bank’s official website. He/she can download the form and fill in the application as per the directions of the bank.


    1. Q. Do I need a guarantor or collateral to apply for the BSN MyRinggit SKAN (Super Klasik B) if I am a permanent employee for 6 months with a state government department?

      A. As a permanent employee with a government firm, you do not need a guarantor or collateral.

    2. Q. My contact details and apparently my address will be changed in a month’s time. Where should I update the new address?

      A. You can inform your bank by writing an official email or contact to the nearest branch and enquire about the updating procedure.

    3. Q. What is the amount of stamp duty that I need to pay to process the BSN MyRinggit 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 which was revised in 1989. You will be informed about the amount by the executives while processing your application.

    4. Q. Do I need to have an insurance coverage to acquire the personal financing?

      A. Insurance coverage is an optional condition to obtain the personal 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. The Cash Shield Insurance is also optional and upon purchasing it, a customer will have to pay the fee of RM318.

    5. Q. What are the actions taken if I fail to pay the instalments of my personal loan?

      A. The bank will intimate you about the arrears through legal notices. Furthermore, the bank can set-off the dues by transferring any credit balance from your account maintained with the bank. If you still are not able to pay the dues, you may have to face a legal action.

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