Cash woes? A personal loan to the rescue!

    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

    Loan Amount Loan Tenure Minimum Annual Income Interest 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.


    Interest 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 Interest 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 Conventional
    Debt Consolidation No
    Insurance Coverage Optional
    Approval Duration Not specified
    Government Servant? For state government department employees


    • 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

    Stamp Duty As per the Stamp Duty Act 1949 (Revised 1989)
    Processing Fee None
    Advance Payment Equal to two months instalment amount
    Will RM530
    Insurance Based on loan amount, tenure and age of applicant
    Cash Shield Insurance RM318

    Penalty Charges

    Early Settlement None
    Late Payment 1% of the total outstanding amount

    Eligibility Criteria

    Age 21 years to 60 years (during the end of loan tenure)
    Employment State government department employees (salary account under state treasury or finance department) Permanent staff: More than 3 months in service Temporary staff: More than 12 months in service
    Minimum Income RM2,500 each month
    Guarantor/Collateral Only for temporary staff in service for more than 12 months
    Linked Bank Account Yes (BSN Giro account)

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

    Salaried Applicants Copy of NRIC (front and back) Latest salary slip (2 months for fixed interest rate and 1 month for floating interest rate) Letter from employer confirming full details of employment including age, position, pay, employment date, and retirement date Salary deduction authorisation 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.

    This Page is BLOCKED as it is using Iframes.