BSN MyRinggit SKAP (Klasik) Personal Loan

    MyRinggit SKAP (Klasik) Personal Loan is one of the personal loans offered by BSN which has been designed specifically for Federal Government Servants. The bank does not require you to have a high income in order to get a hassle-free loan approval.

    Interest Rates

    The bank offers the loan at floating rate, fixed rate as well as at Risk Base Pricing (RBP).

    Floating Rate

    Credit Score Interest Rate (% p.a.) Effective Interest Rate
    1 Base Rate + 3.22% p.a. 7.32% p.a.
    2&3 Base Rate + 3.39% p.a. 7.49% p.a.
    4 Base Rate + 3.77% p.a. 7.89% p.a.

    Note: Currently, Base Rate is 4.10% p.a.

    Fixed Rate

    Monthly Income Interest Rate (% p.a.)
    RM800-RM5,000 4.75% p.a.
    RM5,000 and above 4.50% p.a.

    Fixed Rate (RBP)

    Loan Period Interest Rate (% p.a.)
    1-5 years 4.60% p.a.
    6-10 years 5.30% p.a.

    Benefits & Features

    The benefits and features of the loan are:

    • The bank offers a loan repayment tenure of 2 to 10 years.
    • The minimum loan amount provided by the bank is RM5,000.
    • The interest rate starts at 4.50% p.a.
    • You do not have to provide a collateral to get the loan approved.

    Eligibility Criteria

    The bank requires the loan applicant to have the following eligibilities:

    • Nationality: You must be a Malaysian citizen
    • Age: Your age must be between 21 years to 60 years
    • Employment:
      • You can be a Permanent Federal Government Servant
      • You can be a permanent employee who is employed for more than 3 months
      • You can be a temporary/contractual employee who is employed for more than 12 months
    • Income: Your monthly income must be not less than RM800
    • Others:
      • If you are a temporary/contractual employee, you need to provide a guarantor
      • You must own a BSN GIRO/i Account

    If you have to provide a guarantor, he/she must fulfil the below set of eligibility criterion:

    • Nationality: The guarantor must be a Malaysian citizen
    • Age: The guarantor’s age must be between 21 years to 58 years
    • Employment: He/She must be a Permanent Federal Government Servant
    • Income: The monthly income must be not less than RM800; it must be equal to or greater than the monthly salary of the borrower
    • Others: The guarantor must own a BSN GIRO/i Account

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

    Both the loan applicant and the guarantor must submit the documents mentioned below:.

    • A copy of your NRIC/MyKad
    • Employer’s Confirmation Letter to verify:
      • Name
      • NRIC number
      • Designation
      • Monthly salary
      • Joining date and retirement date
    • Latest Pay Slip
    • Authorisation Letter on Salary Deduction

    Repayment Table

    Let us consider a loan amount of RM10,000 at an interest rate of 4.6% p.a. Say, the loan repayment tenure is 1 year. Then, the total sum you will be paying to the bank is RM10,460.04 and the monthly instalment is RM871.67. The repayment table for this loan is given below:

    Month Principal Deduction Interest Paid Remaining Balance
    1 RM833.33 38.34 9128.33
    2 RM1,666.67 76.68 8256.65
    3 RM2,500.01 115.02 7384.97
    4 RM3,333.35 153.36 6513.29
    5 RM4,166.69 191.7 5641.61
    6 RM5,000.03 230.04 4769.93
    7 RM5,833.37 268.38 3898.25
    8 RM6,666.71 306.72 3026.57
    9 RM7,500.05 345.06 2154.89
    10 RM8,333.39 383.4 1283.21
    11 RM9,166.73 421.74 411.53
    12 RM10,000.07 460.08 0.00

    How to Apply for BSN MyRinggit SKAP (Klasik) Personal Loan?

    BSN provides the loan application form on its website. You can download the form, fill it and submit the application form along with the required documents at the nearest branch office.

    Alternately, you can also visit the nearest branch along with the supporting documents, get the application form from the bank staff, fill it and submit your personal loan application.


    1. Q. Does the loan include a lock-in period?

      A. No. The loan does not include a lock-in period.

    2. Q. What is the maximum loan amount offered by the bank?

      A. The maximum loan amount offered by the bank is RM200,000.

    3. Q. Should I pay an Early Settlement Fee if I clear the loan before the tenure?

      A. No. You can clear the loan before the scheduled tenure without paying any fee for early settlement.

    4. Q. How much late penalty charges are levied if I fail to pay the instalment by the due date?

      A. You have to pay a late payment fee of 1% p.a. on the overdue amount that is calculated on a daily basis.

    5. Q. What is the interest rate offered on BSN GIRO Account?

      A. The interest rate applicable to BSN GIRO Account is 0.25% p.a.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.