Bank Simpanan Nasional (BSN)

Get the best financing from Bank Simpanan Nasional (BSN) — up to RM200,000 for civil servants, armed forces personnel, and the private sector. Everyone is eligible. Enjoy a fast, Shariah-compliant process. Apply now and unlock your financial potential.

Introduction

This BSN is based on the Shariah concept Tawarruq which comprises of Bai Murabahah and Wakalah contracts, using the commodity (underlying asset) from Bursa Suq al Sila’.

Terms and Conditions

1. Malaysian citizens aged from 21 years old to 65 years old (for Medical Doctors) 50 years old (for Medical Officers)
2. Minimum gross income of RM3,000.00 per month.
3. BSN GIRO/i account holder.

Still looking for the right home financing package or personal loan financing plans? With our competitive rates and packages, you’ll find what you need here at BSN.

1. Personal Financing: Public Sector
2. Private Sector: Executive, Medical Practitioner
3. Pledging Financing: Sandaran SSP
4. ASB Financing: ASB With Floating Rate
5. Property Financing: Residential Property, Commercial Property, Affordable Home (AHB40), Youth Housing Scheme
6. Vehicle Financing: MyAuto-i, MyAuto-i UsedCar, High Ranking Officials Scheme

Popular Personal Loans

Executive-1

An exclusive personal loan package catered especially for executives.

Applicant Eligibility

• Must be Malaysian citizen aged 21 to 55 / 60* years old at the end of the loan tenure. The application is dedicted to permanent & contract officers and staff that have minimum three (3) years of working experience.
• Offered only to employees of Premier Developer Panel, Private Hospital, Telecommunication Company, Licensed Financial Institution, Multinational Company, PETRONAS Group of Companies, Selected Private University & College, Statutory Body, Government Link Company, Selected Public Listed Company in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only) and Professionals (Doctor, Architect, Lawyer, Accountant and other certified Professionals).
• Minimum gross income of RM3,000 per month (permanent staff) & RM10,000 per month (contract staff) and BSN GIRO / GIRO-i Account holders.
• Note: *Subject to employer confirmation.

Documents Required

A copy of latest three (3) months’ Salary Slips; A copy of your NRIC (both sides); Latest EPF Statement; AND Confirmation Letter by Employer stating the below suh as Name and NRIC, Designation and Employment Status, Monthly salary and Date of Employment OR Latest EA / EC Statement and latest e-filing form or any verified documents by the Inland Revenue Board (LHDN).
Note: *Subject to the current Terms & Conditions.

Product Features

Mode of payment is via standing Instruction from other Financial Institutions where the customer salary account is credited. BSN Standing Instruction. ATM/CDM and IBG (Interbank Giro).

Limit / Rate

No	Income	Interest Rate	Loan Limit	Tenure
1	RM3,000 to RM5,000	7.50%	Five (5) times of monthly gross income	Minimum: 2 years Maximum: 10 years
2	> RM5,000 to RM10,000	6.50%	Seven (7) times of monthly gross income
3	> RM10,000	5.50%	Ten (10) times of monthly gross income / maximum RM200,000 whichever is lower

Minimum Loan: RM10,000

Late Payment Charge

Monthly Instalments in Arrears×1%× Number of Days Overdue⁄ 365.

ASB Loan (SPD ASB) With Floating Rate

Get the funds you need quickly with BSN. Our personal loans are affordable and flexible- specially cater to your needs. ASB Loan is another form of term loan to purchase ASB unit trust.

Product Eligibility

All qualified ASB investors under the ASNB guidelines. Aged 18 to 60 years old at the end of the loan tenure. Permanent Employee or Self-employed.

Document Required

For Permanent Employee:

One (1) copy of NRIC (front and back). One (1) copy of ASB passbook. One (1) copy of latest two (2) months’ pay slip.

For Self-Employed:

One (1) copy of NRIC (front and back). One (1) copy of ASB passbook. One (1) copy of latest three (3) months bank statement.

Note: All document copies to be certified by BSN’s officer.

Limit/ Amounts

Loan amount will be in multiple of RM1, 000 and subject to the following limit :

Minimum	Maximum
RM10,000	RM200,000 Excluding other charges)

Financing Rates

Tenure	Interest Rate
5 – 30 years or subject to the maximum age of 60 years whichever is earlier.	BLR -1.65% Government’s servant who owns BSN’s salary account. (Installment through Standing Instruction) BLR – 1.60%Other categories of customer (Private or Government sector)

Late Payment Charge

Monthly installments in Arrears × 1% × Number of Days Overdue/ 365

Exec-1 with Floating Rate

An exclusive personal loan package offered from BSN only to employees of Premier Developer Panel, Private Hospital, Telecommunication Company, Licensed Financial Institution, Multinational Company, PETRONAS Group of Companies, selected Private University & College, Statutory Body, Government Link Company, selected Public Listed Company in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only) and Professional (Doctor, Architect, Lawyer, Accountant, and other certified Professionals).

The best package for executive out there. Apply now and enjoy the benefit. All application must be subject to employer confirmation. The minimum gross salary requires with great benefit to enjoy. See product eligibility below.

Product Eligibility

Malaysian citizen. Aged 21 to 55 / 60* years old (subject to the retirement age). Open to Executive and above that has been employed ≥ 1 year. Minimum Gross Income: RM3,000 and above- Permanent Employee, RM10,000 and above – Contract Employee and BSN GIRO / GIRO-i account holder.

Note: *Subject to employer confirmation.

Documents Required

One (1) copy of NRIC (front and back);

• One (1) copy of latest three (3) months’ pay slip.
• Latest EPF statement; AND» Confirmation Letter by Employer stating info: Name- NRIC- Designation- monthly Salary- Date of Employment OR
• Latest one (1) year EA / EC statement and e-filing form or any verified documents by the Inland Revenue Board (LHDN).

Note: » All document copies to be certified by BSN’s officer.

Limit (Minimum and Maximum)

Minimum: RM5,000

Maximum:

No.	Income	Loan Limit
1.	RM3,000 to ≤ RM5,000	Five (5) times of monthly gross income
2.	> RM5,000 to ≤ RM10,000	Seven (7) times of monthly gross income
3.	> RM10,000	Ten (10) times of monthly gross income / maximum RM200,000 whichever is lower

Financing Rates

Tenure	Interest Rate
Minimum: 2 years Maximum: 10 years subject to: i. The retirement age, whichever is earlier. ii. Customer qualification	BLR + 2% (monthly basis) Current BLR: 6.85% (effective as at 22nd July 2014)

Late Payment Charge

»Monthly installments in Arrears × 1% × Number of Days Overdue / 365.

SPD ATM

This personal loan BSN offer exclusively to Malaysian Armed Force Personnel. Malaysian citizen. Aged 21 to ≤ 60 years old (subject to retirement age during completion of the loan). Malaysian Armed Force (MAF) staff- Lieutenant or equivalent and above only. Permanent employee who has been employed for ≥3 months. Minimum gross income (basic salary + fixed allowance) of RM3,000 per month. Monthly salary payment MUST be through BSN e-Payment System. BSN GIRO/ GIRO-i account holder. Document required:

• A certified copy of latest 2 months’ salary slips.
• A certified copy of your NRIC (both sides).
• Confirmation letter from your employer with the details: Name/ NRIC No.- Designation / Status- Monthly Gross Income- Date of Employment- Date of Retirement / Tarikh Tamat Perkhidmatan (TTP).
• Letter of Consent and Undertaking for Salary Account Deduction.
• Proof of having GIRO / GIRO-i account.

Loan Limit Min. and Max.

Min. 5k and max is RM200,000

Interest Rate

1 to 10 years: 4.5%

The rate on the principal balance of the Facility shall be changed to the Default Rate (6.50%) if you commit any of the following events: – early retirement from MAF services;– quit or resign from MAF services;– terminated by MAF;– change BSN Salary Account to other bank or financial institutions;– fail to pay any of the Instalments in accordance with the repayment schedule as stipulated by the Bank.»Default Rate (6.50%) will remain unchanged until end of the loan tenure.

BSN MyRinggit-i (Public Sector)

Shariah Concept

Based on the Shariah concept of Tawarruq which comprises of Bai Murabahah and Wakalah contracts using the commodity (underlying asset) provided by the approved commodity provider.

Terms and Conditions

• Malaysian citizen aged 21 years old to 60 years old (subject to retirement age at the end of financing tenure).
• Works in government sector / GLA / GLC / organizations which has the facility of salary deduction through BPA.
• Minimum income of RM1,500 per month.
• Permanent employee who has been employed for 3 months and above.
• Contract / temporary employee (over 12 months’ service).
• BSN Giro/i account holder.

Documents Required

1. A copy of NRIC (both sides).
2. Confirmation letter from employer; AND
3. Latest 2 months’ salary slip.

Financing Info

	Fixed Rate	Floating Rate
Profit Rate	4.60% to 6.99%	BR + 1.75% to BR + 3.77%
Financing rate without Takaful	Additional 1% from the above profit rate
Financing Limit	Minimum: RM5,000 Maximum: RM200,000
Financing Tenure	Up to 10 years

Terms & conditions apply.

MyRinggit-i (Eksekutif-1)

Our BSN MyRinggit-i Eksekutif-1 is exclusively designed to help you meet your personal financing needs at affordable rates.

Based on the Shariah concept of Tawarruq.

Financial Terms

1. Malaysian citizen aged 21 years old to 55 / 60* years old (subject to retirement age at the end of the financing tenure).
2. Open to permanent & contract officers and staff that have minimum one year of working experience.
3. Offered only to employees of Premier Developer Panel, Private Hospital, Telecommunication Company, Licensed Financial Institution, Multinational Company, PETRONAS Group of Companies, Selected Private University & College, Statutory Body, Government Link Company, Selected Public Listed Company in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology,Trading / Service, Industrial Product, Consumer Sectors only) and Professionals (Doctor, Architect, Lawyer, Accountant and other certified Professionals).
4. Minimum gross income of RM3,000 per month (permanent staff) & RM10,000 (contract staff).
5. BSN GIRO/i Account holders.

Note: *Subject to employer confirmation

Financing Info

	Int Fixed Rate	Loan Floating Rate
Profit Rate	6.00% to 8.50%	BR + 5.00%
Profit Rate Without Takaful	Additional 1% from the above profit rate
Financing Limit	Income Financing Limit RM3,000 to RM5,000 5x of monthly gross income > RM5,000 to RM10,000 7x of monthly gross income > RM10,000 10x of monthly gross income/ maximum RM200,000 whichever is lower
Financing Tenure	Minimum: 2 years Maximum: 10 years
Method of Payment	BSN Standing Instruction

Terms & conditions apply.

MyRinggit-i PRIMA

Personal Financing BSN MyRinggit-i PRIMA is specially tailored to help medical practitioners secure the personal financing they need. No guarantor is required.

Shariah Concept

This personal financing is based on the Shariah concept Tawarruq which comprises of Bai Murabahah and Wakalah contracts, using the commodity (underlying asset) from Bursa Suq al Sila’.

Terms and Conditions

1. Malaysian citizens aged from 21 years old to 65 years old (for Medical Doctors) 50 years old (for Medical Officers)
2. Minimum gross income of RM3,000.00 per month.
3. BSN GIRO/ i-account holder.

*Source: mybsn.com.my

Contact Us

• Bank Simpanan Nasional
  Wisma BSN, 117, Jalan Ampang,
  50450 Kuala Lumpur
• Tel: +6 03 2162 3222
• Fax: +6 03 2613 1888