Shariah contract applicable is Bai’ Bithaman Ajil (BBA). BBA contract refers to the sale and purchase transaction for the financing of an asset on a deferred and installment basis with a pre-agreed payment period. The sale price will include a profit margin agreed upon by both parties.
» For purchase of new residential house or residential house under construction.
» For purchase of completed new residential house purchased from its owner.
» Mortgage refinancing.
» For purchase of bungalow lot and building the house thereon.
» For purchase of shophouse or commercial lot.
For Individual / Joint Applicant
» Malaysian citizen aged 21 years old and above (must not exceed 70* years old at the
end of financing period).
» With regular income and capable of making repayment.
» With proof of property purchase or owns a property.
» Property located in ¹MF 6 and above areas.
» Under Construction Property – limited only to selected ²Premier Developers.
» Completed Property – open to all.
» *Eligibility for age limit of 70 years old is subject to Bank's Terms & Conditions.
» ¹MF: Marketability Factor.
» ²Terms and Conditions apply.
» Organisations; either sole proprietor, partnership, private company or public company
owned by Malaysian citizen (under the Partnership Act 1961 or Company Act 1965).
» Operated for at least two (2) years.
» Stable financial record.
For Individual / Joint Applicant
» A copy of NRIC (applicant's / joint applicant's)
» Pay Slip - original copy and latest three (3) months copies
» Latest 3 months Bank Statement
» Latest 6 months Bank Statement (other income)
» Latest EPF Statement
» Employer Confirmation Letter
» J Form / Latest Income Tax Declaration
» Copy of Sale and Purchase Agreement and / or property documents
» Copy of Evaluation Report (for property purchase) from panel valuer registered with the Bank
» Organisation Bank Statement for the period of six (6) months
» Organisation Financial Statement for last two (2) years approved by authorised Audit Body
» B/BE Form & LHDN Receipt
» Business Registration Certificate (SSM)
» Memorandum & Articles of Association (M&A) / Form 24, Form 44 & Form 49
» Board of Director Resolution
*Guarantor: If required, mandatory documents are similar to applicant.
» Financing tenure up to 35 years or not more than 70 years old* at the end of the financing period (whichever first).
» Margin of financing could reach up to 95% (subject to Terms & Condition) upon the purchase price from the developer
(inclusive of MRTT)
» Smart choice - with Zero Moving Cost / Zero Entry Cost that offers a lower rate from the market
» Easy to apply - provided at all BSN Main Branch nationwide
» Convenient payment channels:
- BSN Branches nationwide
- Standing Instruction / Savings Account
- Interbank GIRO (IBG)
» Financing options:
- Financing for property still under construction
- Financing for completed property
» Packages offered:
|Second Charge Package||» Especially for Government Servants and other Government Agencies entitled for
a home financing
» As an additional loan, in case the existing financing is insufficient
|2 Generations Package||» Joint financing consisting of 2 generations parent(s) and child (still in a learning institution
and aged 21 years and above)
» Enjoy a longer financing period
» Children pursuing studies at Diploma level and above and would graduate in three (3)
» Parent still have steady/fix income for a period of five(5) years.
» Eligibility for age limit of 70 years old is subject to Bank's Terms & Conditions.
You may get cash extra in between the current housing financing and current property value, with a cost-free transfer.
» Cost inclusive of legal fees, stamp duty, charge cost and property evaluation cost.
» Current BR at 4.10% (subject to change).
|No||Financing Amount||Tenure||Completed||Under Construction|
|Non Zero Moving Cost (NZMC)|
|BR + 2.85%|
> RM 100,000
|Year 1 - 2||Zero Moving
|Non Zero Moving
|Non Zero Moving
|BR + 0.65%||BR + 0.55%||BR + 0.40%||BR + 0.30%|
|Thereafter||BR + 0.65%||BR + 0.55%|
|Year 1 - 2||BR + 0.60%||BR + 0.45%||BR + 0.30%||BR + 0.30%|
|Thereafter||BR + 0.60%||BR + 0.45%|
» You can settle your loan at any time by submitting written notice to the Bank.
» In the event that the early settlement is made during the lock-in period, the early settlement charges shall comprises the legal costs and
other expenses that were paid by the Bank under ZMC package would be levied.
» Within the Facility Period
Overdue instalment(s) x Average Financing Rate (AFR) x No. of overdue day(s)
» After the Facility Period
Outstanding principal x Average Financing Rate (AFR) x No. of overdue day(s)
» Late payment charges consist of Ta’widh (compensation) and Gharamah (penalty). Gharamah shall be channeled by the
Bank to the approved charity organisations.
» Average Financing Rate (AFR) refers to the rate as may be determined by the Bank and subject to change from time to time.
» Principal Documents - Will be charged on ad valorem basis.
» Other Documents – RM 10