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.
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.
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.
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.
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.
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.
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.